You bought SpaceX shares at the IPO price — and now you’re losing money. Is it safe to buy the dip?

SpaceX has erased astir $1 trillion successful banal marketplace worth successful 5 weeks — much than astir idiosyncratic companies successful the satellite are worth.

Retail investors who fought for shares astatine the $135 IPO terms are down astir 10% now. Those who bought 4 days later, astatine the June 16 highest of $225.64, are down astir 40%. A 40% discount connected the hottest institution successful the satellite whitethorn look similar an evident buy, but that instinct is precisely what needs examining.

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"Hype and prime are not the aforesaid thing," Matthew Fleissig, CEO of the wealthiness absorption steadfast Pathstone, warned successful a caller MarketWatch column. The adjacent 2 weeks volition trial which 1 SpaceX has been trading on.

SpaceX (NASDAQ:SPCX) is acceptable to study its archetypal net arsenic a nationalist institution connected Aug. 4, and 2 trading days aft that, hundreds of millions of insider shares volition go eligible to merchantability for the archetypal time. Short sellers already power adjacent to a 3rd of the stock's tradable float.

What's happening to SpaceX banal

SpaceX priced its IPO astatine $135 a stock connected June 11, raising $85.7 cardinal successful what became the largest nationalist offering successful history. Shares jumped to $160.95 connected their archetypal time of trading connected June 12, past kept climbing. By June 16, the banal touched an intraday precocious of $225.64, pushing the company's valuation concisely past $2 trillion.

It's been mostly downhill since. Shares fell for 7 consecutive sessions done July 20, sliding 21% successful that agelong to adjacent astatine $119. The banal yet caught a interruption Tuesday, climbing arsenic overmuch arsenic 7% to $128 aft Macquarie analysts stood by their outperform standing and called the selloff a buying opportunity. Shares mislaid immoderate steam successful intraday trading, however, and closed astatine $123.54.

Along the way, Meta passed SpaceX successful marketplace worth — $1.64 trillion to $1.59 trillion.

The company's ain missteps haven't helped. SpaceX scrubbed a Falcon 9 motorboat that was expected to enactment 24 Starlink satellites successful orbit, and pushed backmost its 13th Starship trial aft respective engines failed to commencement — 2 of them had to beryllium pulled and replaced. Growth is slowing too. SpaceX grew gross 33% successful 2025; successful the archetypal 4th of this year, that complaint fell to 15%. And the institution is inactive heavy successful the reddish — with a $4.9 cardinal nett nonaccomplishment past twelvemonth connected $18.7 cardinal successful revenue.