One Month in and SpaceX Stock Is Down More Than 35% from Its Post-IPO Peak. How to Play SPCX Here.

SpaceX stock has slipped sharply since its post-IPO surge, dropping 38.5% from its peak only days after debut. The article notes that within the month after listing, shares are down 13.8%, including a 7.13% decline over the last five trading sessions, and recently traded near a low of $136.78, just above the $135 IPO price. It attributes the pullback to fading excitement and investors shifting toward harder questions about valuation, execution, and whether early promises translate into financial results. The sell-off occurred despite continued high-profile announcements, including an AI-related acquisition, the company’s first bond offering, inclusion in key stock indexes, and analyst coverage initiations. Founded in 2002 and headquartered in Starbase, Texas, SpaceX operates Falcon rockets, Dragon spacecraft, Starship, and Starlink, and expanded into AI after acquiring xAI. The company still holds a market capitalization of $1.82 trillion, ranking among the 10 most valuable U.S.-listed firms.