SpaceX SPCX Stock Drops 35% From IPO Peak Amid China Rocket News

SpaceX (NASDAQ: SPCX) remains one of the most closely watched stocks after its public debut in 2026.

Although the company recently joined the Nasdaq 100, its share price has fallen roughly 35% from its post IPO peak as investors lock in profits and reassess growth expectations.

Recent headlines surrounding China’s expanding space ambitions have also added uncertainty to the broader aerospace sector.

Despite the pullback, many analysts continue to see long term opportunities supported by Starlink’s rapid growth and expanding artificial intelligence infrastructure.

Here is a closer look at SpaceX’s latest performance, key price levels, and what investors should watch next.

Key Takeaways

• SpaceX shares remain below their IPO peak despite joining the Nasdaq 100 and attracting institutional demand.

• Investors are watching the August 6 earnings report and insider lockup expiration as the next major catalysts.

• Strong Starlink growth and AI contracts continue to support the company’s long term outlook.

SpaceX Stock Price Today

SpaceX stock is currently trading around $158.77, remaining well below its all time post IPO high but still holding above important technical support.

Although many investors expected Nasdaq 100 inclusion to push shares significantly higher, much of that buying had already been priced in before the official index addition.

This created a classic “buy the rumor, sell the news” reaction, where the stock struggled to extend gains after joining the index.

Key Price Levels

• Current Price: $158.77

Support

• $149.90

• $155.90

Resistance

• $168.90

• $175.90

• $185.10

Technical indicators currently suggest neutral momentum. A move above $168.90 could improve sentiment, while a close below $149.90 may increase downside pressure toward the IPO price.

Read Also: SpaceX Stock Price in 2030 - Forecasts and Realistic Targets

Why Investors Still See Long Term Potential

Despite recent weakness, SpaceX continues to report impressive business growth.

The company’s biggest strength remains Starlink, which has now surpassed 10 million subscribers worldwide.

Continued customer growth has strengthened recurring revenue and supports expectations for higher long term earnings.

Another important driver is artificial intelligence infrastructure. Following the xAI merger earlier this year, SpaceX expanded beyond aerospace by adding AI computing capabilities through large commercial contracts.

These agreements are expected to contribute billions of dollars in future annual revenue.

Several factors continue supporting the company’s long term outlook:

• Rapid Starlink subscriber growth.

• Expanding AI infrastructure business.

• Strong revenue expectations for 2026.

• Membership in the Nasdaq 100.

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Read Also: SpaceX IPO Facts: 2026 Guide, Date, and Price Predictions

August 6 Could Be the Next Major Turning Point

The next event investors are watching is the August 6 earnings release.

Besides reporting quarterly financial results, this date also marks the first insider lockup expiration.

Approximately 20% of insider shares could become eligible for sale, increasing the number of publicly tradable shares.

Currently, only about 3 to 5% of SpaceX shares are available for public trading. This limited float has contributed to price volatility, particularly around the Nasdaq 100 inclusion.

Key Catalysts to Watch

• August 6 earnings report.

• Insider lockup expiration.

• Revenue growth from Starlink.

• AI contract updates.

• Management outlook for the second half of 2026.

Strong earnings could improve investor confidence, while increased selling from insiders may temporarily pressure the stock.

Read Also: How to Buy SpaceX’s IPO in 2026 - A Practical Guide

What Does This Mean for Investors?

SpaceX remains a high growth company with significant opportunities across satellite internet, launch services, and artificial intelligence infrastructure.

However, the stock also trades at a premium valuation, meaning investor expectations remain high.

Recent price weakness does not necessarily change the company’s long term fundamentals, but it does highlight how quickly market sentiment can shift after major events such as an IPO or index inclusion.

Short term traders will likely focus on technical levels and earnings, while long term investors may pay closer attention to revenue growth, Starlink expansion, and AI related business development.

As always, investors should carefully evaluate their own risk tolerance before making investment decisions, especially when trading recently listed growth stocks.

Read Also: SpaceX IPO Sparks a Pre-IPO Contract Boom Across Crypto Exchanges

Conclusion

SpaceX has experienced a notable correction since reaching its post IPO highs, but the company continues to attract attention thanks to its expanding Starlink network, artificial intelligence initiatives, and growing position within major stock indexes.

While short term volatility may continue ahead of the August earnings report and insider lockup expiration, many investors remain focused on the company’s long term growth potential.

Monitoring key support and resistance levels alongside business performance will be important over the coming months.

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FAQ

Why has SpaceX stock fallen from its IPO peak?

The decline is mainly due to profit taking after the IPO, changing market sentiment, and the completion of Nasdaq 100 related buying.

What is the next major catalyst for SpaceX stock?

The August 6 earnings report and the first insider lockup expiration are expected to be the next significant events.

Why is the insider lockup important?

The lockup expiration allows more insider shares to enter the market, increasing supply and potentially affecting the stock price.

What supports SpaceX’s long term growth?

Starlink subscriber growth, AI infrastructure contracts, and continued revenue expansion remain the company’s primary growth drivers.

Can I trade SpaceX Tokenized Stock on Bitrue?

Yes. Bitrue allows eligible users to trade SpaceX Tokenized Stock using USDT alongside cryptocurrencies and other global assets through a single trading account.

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