SpaceX Shares Hit Record $145 Low After Nasdaq-100 Debut
Updated
Updated · Futurism · Jul 8
SpaceX Shares Hit Record $145 Low After Nasdaq-100 Debut
3 articles · Updated · Futurism · Jul 8
Summary
Just over 24 hours after joining the Nasdaq-100, SpaceX fell to a record low above $145 on Wednesday before recovering to about $148, slipping below its $150 IPO opening price.
The drop left the stock down more than 13% in five days and 35% from its mid-June peak, as investors focused again on the gap between its nearly $2 trillion valuation and lack of profits.
SpaceX lost nearly $5 billion last year on more than $18.5 billion in revenue, and its merger with cash-burning xAI has added to skepticism about the company’s financial profile.
Blue Origin’s announcement of a $10 billion fundraising at a $130 billion valuation landed the same day, while broader Nasdaq weakness and higher oil prices tied to U.S.-Iran tensions also pressured sentiment.
Even with the slide, Morgan Stanley and Deutsche Bank this week set bullish price targets of $300 and $255, arguing SpaceX still has long-term upside.
Is SpaceX's AI division a visionary bet or a black hole consuming Starlink's profits?
With Musk's 85% voting power, are SpaceX shareholders just funding his vision without any real say?
As Starlink dominates global warfare, can any competitor realistically challenge SpaceX's orbital monopoly?
SpaceX’s $2 Trillion IPO Era: Stock Volatility, AI Bets, and What Investors Need to Watch in 2026
Overview
SpaceX's stock performance since its IPO has been marked by dramatic growth and volatility. By July 8, 2026, the company reached a $2 trillion valuation, sparking talks about its inclusion in major stock indices. Leading financial institutions like Goldman Sachs, JPMorgan, and Morgan Stanley set bullish price targets between $205 and $300 per share. However, SpaceX's announcement of a major bond sale and senior unsecured notes offering in June 2026 introduced new volatility, as investors grew cautious about the large capital raises needed to fund its ambitious projects. This mix of rapid growth and financial maneuvering has kept SpaceX at the center of market attention.