SpaceX Falls 36% to $129 as History Signals Another 13% to 20% Drop
Updated
Updated · The Motley Fool · Jul 21
SpaceX Falls 36% to $129 as History Signals Another 13% to 20% Drop
3 articles · Updated · The Motley Fool · Jul 21
Summary
$129 a share leaves SpaceX down 36% from its roughly $202 peak just days after its record $1.8 trillion U.S. IPO.
Historical data on the 10 largest U.S. IPOs suggest more weakness: the median stock falls 17% below its IPO price within a year and hits a 25% drawdown at some point.
Applied to SpaceX's $135 IPO price, that points to about $112 by June 2027 and a possible interim slide to roughly $101.
Valuation adds to the pressure: SpaceX trades at 88 times sales, about 40% richer than Palantir's 62 times sales, while its orbital AI data-center plan is not expected before 2028.