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SpaceX stock sinks 5%, continuing to cool after three-day rally

SpaceX shares have fallen for three consecutive days, losing much of the growth seen after its recent initial public offering. The stock is down 17% over the past week and 24% from its high. Investors are bracing for insider share unlocks, bond offering, and major AI infrastructure deal with Reflection AI.

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What changed

SpaceX stock fell 5% in pre-market trading, extending a losing streak that began last week.

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  1. SpaceX stock sinks 5%, continuing to cool after three-day rally

    SpaceX shares have fallen for three consecutive days, losing much of the growth seen after its recent initial public offering. The stock is down 17% over the past week and 24% from its high. Investors are bracing for insider share unlocks, bond offering, and major AI infrastructure deal with Reflection AI.

    What's confirmed:

    • SpaceX stock has seen big spikes and drops in its opening two weeks as a public company.
    • SpaceX shares have dropped 31% since their IPO.
    • SpaceX stock is trading at around 107 times its 2025 sales.
    • The stock is down 17% over the past week.
    • SpaceX stock has fallen for three consecutive days.

    Still unconfirmed:

    • SpaceX plans to raise $20 billion in its inaugural bond offering.
    confidence 50%

  2. SpaceX Stock Declines Continue Following Post-IPO Surge

    SpaceX shares have fallen for three consecutive days. The stock is losing much of the growth seen after its recent initial public offering. The company also confirmed its first bond issuance.

    What's confirmed:

    • SpaceX stock has fallen for three straight days.
    • The stock experienced a rally following its initial public offering.
    • SpaceX confirmed its first-ever bond issuance in a filing.

    Still unconfirmed:

    • Gary Black of Future Fund stated SPCX traded more like a "meme stock" than a fundamentals-driven company.
    • The stock fell 16.4%.
    • The stock fell 6%.
    confidence 85%

  3. SpaceX Stock Dips After Three-Day Rally; Company Acquires Cursor

    SpaceX shares fell nearly 5% on Wednesday, ending a three-session surge. This represents the first decline since the company's initial public offering last week. The firm also agreed to buy AI coding tool developer Cursor.

    What's confirmed:

    • SpaceX shares were down nearly 5% at the close of market on Wednesday.
    • The stock decline ended a three-session winning streak.
    • SpaceX raised $75 billion during its IPO last week.

    Still unconfirmed:

    • SpaceX agreed to acquire Cursor for US$60 billion to support xAI and attract AI developers.
    confidence 90%

  4. SpaceX Stock Declines Following Three-Day IPO Rally

    SpaceX shares dropped 5% on Wednesday, marking the first decline since the company's IPO last Friday. This dip ended a three-session winning streak that had previously increased the stock value by nearly 50%. The company opened lower again on Thursday, continuing the downward trend.

    What's confirmed:

    • SpaceX stock fell 5% on Wednesday.
    • The decline ended a three-day rally following the company's IPO last Friday.
    • SpaceX stock climbed nearly 50% from its IPO price before the decline.
    • The stock opened lower on Thursday, extending losses from the previous session.

    Still unconfirmed:

    • The stock is currently down more than 8 percent.
    • A cursor deal spooked investors and wiped out 600 billion in market value.
    • The stock has slipped below Amazon in market capitalization.
    confidence 90%