SpaceX Stock Slides Two Days Straight, Eyes $135 IPO Floor
SpaceX shares are under pressure for a second consecutive day, threatening to test the stock's $135 IPO entry price.
SpaceX is giving back its post-IPO gains fast. The stock has dropped two sessions in a row and is now creeping dangerously close to the $135 price it debuted at roughly one month ago — a level that matters psychologically and technically for traders watching the chart.
The selloff stings because the hype was real at launch. SpaceX pulled off what was described as a record IPO, and the Nasdaq-100 added the stock to its index just last week. Getting into a major index usually signals institutional money flowing in, not out. The fact that shares are sliding anyway tells you the initial euphoria may have been priced to perfection.
Read more Big Banks Eye Boom Quarter Fueled by SpaceX IPO and War Volatility →
For retail traders, the $135 IPO price is the line in the sand. If buyers don't step up there, you could see stop-losses cascade and early investors who got in at the offering start sweating. Watch that level closely — a clean bounce confirms demand; a break below it opens the door to uglier price discovery.
Elon Musk's involvement adds another variable. His other ventures, political moves, and headline risk create noise that can swing sentiment on any given day. SpaceX's AI ambitions give it a growth story beyond rockets, but narratives only hold so long when the price action turns south.
Bottom line: this is a critical moment for SpaceX as a publicly traded name. The IPO price test is coming. How the stock handles it will set the tone for the next leg — up or down. Continue reading at US Top News and Analysis.
