SpaceX's IPO Struggles Draw Comparisons to Facebook Rather Than Tesla
Since its June debut, shares of SpaceX (SPCX) have fallen nearly 15% from the $135 IPO price. The stock opened strongly at $161 but has since dropped sharply amid concerns over delayed Starship progress and competition from Blue Origin and China's recent orbital booster landing success. The market is closely watching two key dates in August: earnings on August 4, followed by a potential flood of sellable shares on August 6. However, only half the expected supply will be available due to SpaceX’s stock not meeting the $175.50 threshold required for unlocking additional shares. While many compare SpaceX's IPO performance with Tesla (TSLA), analysts argue that Facebook's (now Meta) 2012 offering is a more accurate parallel, given similar fundraising sizes and founder control structures.
Topics: IPO performance lock-up expiration SpaceX stock price decline