SpaceX shares retreat to around $150 after peaking at $225, with analysts eyeing entry below the $135 IPO price
AI Market Summary
SpaceX shares have rapidly retraced most post-IPO gains amid a sharp selloff and a surprise $25B bond issuance, reinforcing concerns that the company's capital needs remain elevated. Prospectus disclosures highlighting potentially large negative free cash flow and aggressive capex plans are pressuring valuation expectations. Near-term, the news increases volatility and may dampen risk appetite for newly listed, high-duration growth equities.
Impact level
● Medium
Affected assets
NCSKSPCX2USD/USDT+3.66%
AI Insight · NCSKSPCX2USD/USDTAI Insight
▼ Bearish
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SpaceX shares have pulled back sharply within two weeks of the IPO, sliding from an intraday high of $225 to around $150, close to the $135 offer price. The company said it would sell an additional $25 billion of bonds, leaving it with more than $100 billion in cash. The prospectus projects negative free cash flow of $105 billion in 2029, and analysts argue the stock remains overvalued at current levels.
