SpaceX stock drops to a 52-week low, erasing a 40% post-IPO surge and raising questions about its $1.18 billion Bitcoin holdings.
SpaceX shares closed at $135.27 on July 15, dipping below their $135 IPO price after hitting an intraday low of $132.15. The decline marks a sharp reversal from a 40% rally to $225.64 on June 16, just four days after going public.
The stock’s rapid descent follows one of the most explosive IPO debuts in history, though analysts note the pullback reflects broader market sentiment and profit-taking. SpaceX’s balance sheet includes 18,712 BTC, valued at $1.29 billion as of March 31, 2026, but now worth roughly $1.18 billion amid Bitcoin’s recent volatility.
The company’s Bitcoin holdings position it as a major corporate crypto holder, with its stock acting as a leveraged proxy for BTC price movements. Recent on-chain activity from a dormant SpaceX wallet has fueled speculation about potential transfers.