$SPCX hit the lowest level since listing
The initial flashier story has temporarily quieted down, and SpaceX’s stock has turned back toward its true value 🤷🏻♂️ $SPCX has fallen 38% from the peak of $225, at one point touching $138—the lowest level since the company listed on 6/12.
Market capitalization has also gently shed about ~$1,000 billion, now at roughly ~$1.9 trillion.
The price point is only slightly different from the IPO offer price of ~ $135 per share.
The downward momentum is happening ahead of three major company events:
- Starship Flight 13 will launch in the early hours of 17/7 Vietnam time. If it flies smoothly, it can lift sentiment; if it fails, it will crash again.
- The financial report on 6/8. This is the first report since the company went public.
- The internal lockup is about to expire → More supply means more pressure on the stock price.$SPCX
The initial flashier story has temporarily quieted down, and SpaceX’s stock has turned back toward its true value 🤷🏻♂️ $SPCX has fallen 38% from the peak of $225, at one point touching $138—the lowest level since the company listed on 6/12.
Market capitalization has also gently shed about ~$1,000 billion, now at roughly ~$1.9 trillion.
The price point is only slightly different from the IPO offer price of ~ $135 per share.
The downward momentum is happening ahead of three major company events:
- Starship Flight 13 will launch in the early hours of 17/7 Vietnam time. If it flies smoothly, it can lift sentiment; if it fails, it will crash again.
- The financial report on 6/8. This is the first report since the company went public.
- The internal lockup is about to expire → More supply means more pressure on the stock price.$SPCX