SpaceX stock hits new all-time low, dips below IPO opening price
What is the current SpaceX stock price today?
SpaceX stock trades under the ticker SPCX on Nasdaq. As of July 9, the closing price sat at $148.3, with the perpetual live price near $150.3, up 0.29% on the day.
Pre-market action pushed the price to $150.2, a gain of 1.28%. That's a small bounce after weeks of steady selling.
Why has SPCX fallen so much since its IPO?
SPCX peaked near $225 just four days after listing. Since then, the price has dropped more than 36%, based on chart data tracked by Bull Theory on X.
That move wiped out roughly $1.05 trillion in market cap in about 22 days. It's one of the sharper post-IPO drops for a company this size in recent memory.
The SpaceX chart shows a classic pattern. A fast spike, followed by a grinding decline, then a smaller bounce, then more selling.
The 30-minute chart from TradingView shows the price now sitting right at its Bollinger Band lower rail, near $145 to $148.
RSI on the 14-period reading sits at 42.69. That's below the neutral 50 mark but not yet in oversold territory, which usually starts near 30.
Is the SpaceX stock lock-up period the real reason for the drop?
Trader Pepesso compared SPCX to the Palantir IPO on X, pointing to a familiar setup. Early investors often wait years before a listing gives them an exit, but lock-up rules stop them from selling right away.
Once those lock-ups expire, selling tends to pick up. Pepesso's post lays out a rough timeline for SPCX:
Period | Event |
Late July | First 20% of insider shares unlock |
August to October | Another 35% releases every two weeks |
December 8 | Remaining shares unlock |
The comparison to Palantir is notable. That stock listed near $10 in 2020, spiked to $39 during its own lock-up window, then fell to around $6 before climbing back over $200 in later years.
Whether SPCX follows a similar path is far from certain. Lock-up expirations don't guarantee a crash, and past patterns in one stock don't always repeat in another.
What do the derivatives and liquidation numbers show?
Data from Coinglass-style perpetual tracking shows heavy trading activity around SPCX perpetual contracts.
Binance alone handled $921.04 million in volume, with OKX at $243.40 million and tradeXYZ at $225.16 million.
Smaller exchanges also saw notable activity. Bitget recorded $129.61 million, MEXC handled $61.05 million, Bybit saw $54.65 million, Gate processed $20.51 million, and Bitunix logged $45.90 million.
Liquidations have been lopsided toward long positions. Over the past 24 hours, $2.00 million in long positions got liquidated compared to just $354.51K in shorts.
The long/short ratio on Binance sits at 5.6578, meaning far more traders hold long positions than short ones. OKX shows an even higher ratio at 8.06.
This kind of lopsided positioning can add fuel to sharp moves in either direction, since a wave of long liquidations tends to push price down faster during dips.
What are the key support and resistance levels to watch?
Based on the chart data reviewed, a few levels stand out for SpaceX stock right now:
Level Type | Price | Notes |
Resistance | $172.09 | Prior consolidation zone from early July |
Current Price | $148–150 | Sitting near lower Bollinger Band |
Key Support | $145 | Recent swing low area |
Major Support | $130 | Watched as a breakdown trigger |
One trading thesis circulating online suggests two scenarios. If SPCX Stock holds the $145 to $150 zone through the coming lock-up waves, some traders see a path back toward $250 or higher over time.
If the price instead loses $130 on strong volume, that could signal a deeper decline is still ahead. Neither outcome is guaranteed, and both depend heavily on how the lock-up unlocks actually play out.
What's the outlook for SpaceX stock going forward?
SpaceX stock sits at an interesting spot on the chart. It's testing support, RSI hasn't reached oversold extremes, and lock-up events loom over the next several months.
The most recent 30-minute candle on the SPCX chart opened at $145.94, hit a high of $148.43, a low of $145.26, and closed at $148.31, up 1.62% on volume of 583.08K shares. That's a modest bounce attempt after weeks of lower highs.
Long-term comparisons to Palantir are popular right now, but every listing has its own investor base, business fundamentals, and macro backdrop.
Palantir listed at $10 in September 2020, peaked near $39 in January 2021 as lock-up shares hit the market, then fell to around $6 by late 2022 before climbing to roughly $207, a 34x move from its low.
Nvidia also traded below its IPO price for months before its later run, another comparison traders keep bringing up when discussing SPCX Stock.
SpaceX itself listed on June 12, hit its peak of $225 about four days later, and has since traded down toward the $145 to $156 range, based on chart data shared by traders tracking the stock.
For now, the $145 zone looks like the level to watch. A clean break below $130 or a strong reclaim of $172 would likely shape the next leg for SPCX.
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Stock and derivatives trading carries significant risk, and prices can be highly volatile. Always do your own research and consult a licensed financial advisor before making investment decisions.
