SpaceX Stock Continues Decline Amid Market Scrutiny
Since its record-breaking IPO in June 2026, SpaceX has seen a sharp decline in value. As of July 27, the stock closed at $113.50 after hitting an intraday low below $109 — more than 19% below its IPO price and nearly half from its peak of $225.64. The drop has erased over $1.2 trillion in market capitalization, a loss comparable to the entire value of Tesla at current levels. The decline coincides with renewed concerns about Starship's reliability following recent test flights that raised questions about engine performance during descent. This comes as Tesla also struggles, having hit near one-year lows after disappointing earnings last week — effectively causing Musk’s two major companies to lose over $1.2 trillion in value combined this month. Despite the steep drop, options traders are not showing signs of panic. While small investors continue buying speculative call options betting on a sharp rebound, larger trades have been neutral or bullish. The market remains divided as SpaceX prepares for its first public earnings report and lockup expiration.
Topics: Elon Musk market_cap_drop SpaceX Starship