SpaceX stock trades at $131, down from a $225.64 peak, as investors await August earnings and key catalysts.
SpaceX shares fell to $131 on Thursday, 42% below their $225.64 peak and under the $135 IPO price. The decline leaves most post-IPO buyers underwater as the company prepares for its first earnings report as a public entity in early August.
The company’s Q1 revenue reached $4.7 billion, with $3.3 billion from its profitable Starlink broadband segment. Analysts expect the upcoming earnings release to clarify revenue growth and profitability trends, which could sway investor sentiment.
No immediate market reaction was reported, but the stock’s performance hinges on the earnings outcome and upcoming operational updates.