The SpaceX IPO Frenzy Is Fading. Here's What That Means for Investors Watching From the Sidelines.
Key takeaways
- However, SpaceX s rally came to a modest halt on June 17, with shares declining roughly 3% as of midday trading.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
- The slight drop in SpaceX stock stands out not for its magnitude but because it interrupts a flawless streak of gains following the IPO.
Adam Spatacco, The Motley Fool Thu, June 18, 2026 at 10:43 PM GMT+7 4 min read SPCX The debut of Space Exploration Technologies (NASDAQ: SPCX) on the Nasdaq has been nothing short of eventful. While Space X stock opened at $150 on its initial public offering (IPO) day, shares quickly surged as high as 50% in the days that followed. This impressive run reflects strong investor enthusiasm for Space X s pioneering work across reusable rocketry, low-orbit satellites, and artificial intelligence (AI) infrastructure.
However, SpaceX s rally came to a modest halt on June 17, with shares declining roughly 3% as of midday trading. This is the first such dip since last week s offering. The sell-off prompts a closer examination of what SpaceX s pullback signifies and how it might influence the stock s trajectory. Notably, it also highlights patterns in other assets tied to SpaceX s visionary leader, Elon Musk.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »