Why SpaceX SPCX Stock Fell 2.16% Despite Starship’s Successful Orbit
SpaceX Stock Drops After Starship Launch: SPCX Stock Price Prediction
SpaceX stock fell more than 2.16% on Monday, even after Starship reached orbit for the first time. SPCX now trades near $146.7.
The rocket news was good. The chart looks weaker. Traders are trying to sort out which one matters more.
Analyst Gene Munster says the market is "underappreciating the significance of the launch."
Why Did SpaceX Stock Drop After Starship's Successful Launch?
The launch was not the problem. The pressure seems to come from the stock itself.
About 328 million shares became free to trade after the post-IPO lockup ended on Sept. 24. More shares for sale can push a price down.
President Gwynne Shotwell also sold $52.5 million in shares under a pre-arranged plan. Planned sales are common, but traders still watch them.
Shares were near $147.29 at noon ET on Monday, down 0.93%. That was minutes before the splashdown was confirmed.
What Happened During the SpaceX Starship Launch?
Starship lifted off from Starbase in Texas. It reached about 170 miles above Earth.
It deployed 26 Starlink V3 satellites. This was the first Starship flight to carry an operational satellite payload.
In a post on X, the official account said Starship achieved orbit on its first attempt and delivered Starlink V3 satellites for the first time.
One engine shut down during the flight. Engineers cut the plan from about 10 hours and six orbits to roughly three hours.
The Super Heavy booster landed in the Gulf of Mexico as planned. The upper stage survived re-entry and splashed down in the Pacific Ocean.
SpaceX Share Price Today: Key SPCX Stock Numbers
Metric | Data |
Recent price | About $146.7 |
Monday move | Down more than 2.16% |
Lockup shares freed (Sept. 24) | About 328 million |
Shotwell share sale | $52.5 million |
Options max pain (Oct. 2) | $149.00 |
SpaceX Stock News Today: What Are Traders Watching?
The new Starlink V3 satellites are more capable than older ones. They carry much more communications capacity.
The flight also gave engineers re-entry and heat-shield data. Starship is key to the company's plan to move beyond Falcon 9.
But the company still has to prove reliable reuse. Both stages must be recovered and turned around quickly.
Is SPCX Stock Bullish or Bearish? Options Data Explained
As per Optioncharts, the Oct. 2 weekly expiry has 298,385 open contracts. That includes 136,842 calls and 161,543 puts.
The put-call ratio is 1.18. Slightly more traders hold puts than calls.
Many traders focus on $150. Around 22,645 call contracts sit at that strike.
Strike | Open Interest |
140 Put | 13,443 |
95 Put | 13,171 |
170 Call | 11,424 |
160 Call | 10,102 |
165 Call | 8,589 |
SPCX Stock Technical Analysis: Key Support and Resistance Levels
On the 4-hour chart, SPCX trades below its 20, 50, and 100 EMAs. That points to weak short-term and mid-term momentum.
A big red candle followed a small green one. Sellers took control. It did not form a Hammer, since it lacks a long lower wick.
The 23.6% Fibonacci level near $145 is being tested now. A 4-hour close below it could open the way to lower levels.
One chart watcher also noted that SPCX fell out of a large falling wedge last Thursday. It then failed to reclaim the lower edge three days in a row.
Level | What It Means |
$156 to $158 | Next upside area if buyers win back $149 to $151 |
$150.98 | Major resistance |
$146.7 to $149.2 | Immediate resistance zone |
$145 | 23.6% Fibonacci, being tested |
$140 to $138 | 38.2% Fibonacci support |
$135 | Gap some traders want filled |
$133 to $131 | Deeper retracement zone |
SPCX Stock Price Prediction: Will It Fall to $140 or Rally to $158?
Nobody can say where the price goes next. These are only possible paths based on current data.
Scenario | Trigger | Possible Target |
Bearish | 4-hour close below $144 to $145 | $140, $138, then $133 to $131 |
Neutral | Price stays between $145 and $150 | Near the $149 max pain level |
Bullish | Sustained move above $149 to $151 | $156 to $158 |
The chart leans bearish while price stays under $149 to $151. The $139 to $141 zone is the first place buyers may show up.
Will SPCX Stock Go Up? What Starship Means Long Term
The big bet is on reuse. If Starship can fly again and again, launch costs could fall a lot.
Cathie Wood has argued that even a $1.75 trillion valuation could look cheap if Starship works at scale.
NASA also relies on a human-rated Starship as a lunar lander for Artemis. That adds long-term weight to the story.
Disclaimer
This article is for information only. It is not financial, investment, or trading advice. Stock prices are volatile, and you can lose money. Price targets here are possible scenarios, not guarantees. Do your own research and speak with a licensed financial advisor before you invest.
