SpaceX stock (NASDAQ: SPCX) suffered another brutal session on Monday, July 14, plunging 15.45% to close at $136.08 — its lowest level since the company’s landmark IPO — as the post-IPO sell-off intensified. The stock fell from its previous close of $160.95, touching an intraday low of $135.93 before recovering slightly into the close. Trading volume surged to over 46.6 million shares, well above average, signaling heavy institutional selling pressure.
The decline brings SPCX within striking distance of its $135 IPO price, a level that has now become a critical psychological and technical support. The stock has now lost roughly 40% of its value since hitting a high of $225.64 shortly after its public market debut. Several factors continue to weigh on investor sentiment, including a recent $25 billion debt sale by SpaceX that has raised questions about capital structure diversification among equity-bond investors, according to analysts. Meanwhile, CNBC reported that SpaceX stock has cooled significantly, though hiring across the broader space economy remains robust.
The broader space sector continues to see significant developments. Blue Origin is pivoting to a redesigned launchpad after an explosion, aiming to fly by the end of 2026, while Amazon is playing catch-up with SpaceX in the satellite internet race through its Project Kuiper initiative. Despite the stock’s weakness, SpaceX’s fundamental business — including Starlink’s growing subscriber base and NASA contracts — remains intact, suggesting the sell-off may be more about post-IPO valuation adjustment than underlying operational concerns.
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