SpaceX Shares Hit Record Low Below $139 as 38% Slide Deepens AI and Competition Fears
Updated
Updated · Futurism · Jul 13
SpaceX Shares Hit Record Low Below $139 as 38% Slide Deepens AI and Competition Fears
3 articles · Updated · Futurism · Jul 13
Summary
SpaceX stock fell to an all-time low just under $139 when trading resumed Monday, dropping below its $150 IPO price and extending a three-week collapse from $225.
The selloff reflects rising doubts about SpaceX’s pivot toward orbital data centers and its path to profits after nearly $5 billion in losses last year despite a valuation near $2 trillion.
Competition has added pressure: Chinese media recently showed a Long March 10B booster caught by an offshore recovery platform, and an experimental Japanese reusable rocket also completed a takeoff-and-landing test over the weekend.
Analysts are split on what comes next, with Morgan Stanley projecting $300 a share while CFRA’s Keith Snyder sees the stock falling to $115, underscoring how sharply IPO-era enthusiasm has faded.