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SpaceX stock plunges 45% post-IPO, wiping nearly $1 trillion in value amid profit-taking and Starship setbacks

Market News
20 Jul 2026
Finbold
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Neutral
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SpaceX stock fell sharply from its post-IPO high of $226 to $124, a 45% drop that erased nearly $1 trillion in market value. The decline follows typical post-IPO profit-taking, insider selling, and concerns over valuation, compounded by Starship test delays and a broader tech sell-off. Despite losses, SpaceX's revenue grew 33% in 2025, driven by its Starlink satellite service with over 10 million users. The stock's future hinges on Starship's success and sustained growth, making upcoming tests and earnings key for investors deciding whether to buy or wait for more stability.

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