SPCX pulls back 13% from its $2 trillion IPO valuation, with analysts eyeing $140 as a potential entry point amid mixed segment performance.
SpaceX (NASDAQ:SPCX) shares fell to $160.95 after debuting at a $2 trillion valuation, marking a 13% decline from its peak. Analysts flag $140 as a defensible entry point amid post-IPO consolidation.
The company’s Starlink Connectivity segment reported $11,387 million in 2025 revenue, growing 49.8%, with $7,168 million in Segment Adjusted EBITDA. However, its AI segment posted a $(6,355) million operating loss as capex hit $7.7 billion in a single quarter. Q1 2026 Connectivity revenue reached $3,257 million, with $2,087 million in Segment Adjusted EBITDA.
Cathie Wood purchased 3.3 million shares on IPO day, but Reddit sentiment shifted from a bullish 76 to a neutral 49. The market cap now stands at $1.205 trillion, leaving price discovery in early stages.