{"id":2773,"date":"2026-06-23T18:09:46","date_gmt":"2026-06-23T18:09:46","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=2773"},"modified":"2026-06-23T18:09:46","modified_gmt":"2026-06-23T18:09:46","slug":"spacexs-wild-ride-is-just-getting-started","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=2773","title":{"rendered":"SpaceX&#8217;s wild ride is just getting started"},"content":{"rendered":"<div>\n<div>\n<div>\n<ul>\n<li>Summary<\/li>\n<li>Companies<\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<\/div>\n<div>NEW YORK, June 23 (Reuters) &#8211; SpaceX&#8217;s (SPCX.O)<svg><\/svg><span>, opens new tab<\/span> stock extended its wild ride on Tuesday, briefly falling below its first-day opening price \u200bbefore rebounding on an otherwise weak day for the tech sector \u2013 sharpening Wall Street\u2019s focus on the shifting balance between buyers and sellers of the volatile \u200cshares.<\/div>\n<div>Shares of Elon Musk\u2019s rockets-and-AI firm have surged as much as 67% since they started trading on June 12 and fallen 35% from there. But those swings don&#8217;t represent a fundamental shift in investors\u2019 views on SpaceX\u2019s prospects and valuation, analysts said, given the flood of information that preceded its record $75 billion IPO and the silence that has followed.<\/div>\n<div>That could change in coming days. SpaceX\u2019s addition to major indexes and the start of research coverage \u200bby major investment banks is likely to fuel more buying, while the expiration of share lockups could drive potential selling, analysts said.<\/div>\n<div>The company&#8217;s high valuation &#8212; it currently trades at \u200ba price-to-revenue ratio of about 141 times 2025 revenue &#8212; has not deterred buyers, but options-market activity has grown more defensive, with more investors betting \u2060on share declines after an initial bout of bullish bets.<\/div>\n<div>&#8220;The options activity has gotten more balanced. It&#8217;s not as completely euphoric as it was day one,&#8221; said Steve Sosnick, chief strategist \u200bat Interactive Brokers.<\/div>\n<div>Some see the June 12 opening price of $150 and the $135 IPO price as potential pain points.<\/div>\n<div>Around 5% to 7% of the stock has been sold short, estimated analytics firm S3 Partners, referencing \u200bthe practice of borrowing and selling shares with the intent of repurchasing them at a lower price and pocketing the difference.<\/div>\n<div>On Tuesday, shares were up 6% to $164.30 after earlier falling as low as $147.11 amid a broader Nasdaq (.IXIC)<svg><\/svg><span>, opens new tab<\/span> selloff.<\/div>\n<div>SpaceX\u2019s decline in recent days has accompanied the biggest tech pullback in weeks, with Nvidia (NVDA.O)<svg><\/svg><span>, opens new tab<\/span> dropping back below $5 trillion in market value on Tuesday and hundreds of billions of dollars being knocked off the Nasdaq composite index (.IXIC)<svg><\/svg><span>, opens new tab<\/span>.<\/div>\n<div>The \u200bstock&#8217;s ups and downs are &#8220;not totally unexpected, as volatility is typical in the first weeks of trading after an IPO,&#8221; said JJ Kinahan, head of retail expansion and alternative investment products at \u200bCboe Global Markets.<\/div>\n<div>He said investor focus will be on the post-IPO normalization and any new company-specific developments, as well as macroeconomic data, including inflation data that could signal future Fed policy moves.<\/div>\n<h2>RED-LETTER DAYS<\/h2>\n<div>A series of \u200cSpaceX events will \u2060drive trading in coming days and weeks. Investors said some of the developments are likely to be bullish, such as index additions, but that it\u2019s impossible to say how any of them will affect trading, particularly in a hot market such as for AI-related shares.<\/div>\n<div>\n<ul><\/ul>\n<\/div>\n<div>Investors&#8217; initial rush to get exposure to SpaceX through bullish options bets has given way to more balanced action in that market. Options data show traders ascribing an about 40% probability to the stock trading below $130 \u200bby mid-September, according to Susquehanna Financial Group strategist Christopher Jacobson.<\/div>\n<div>While in aggregate SpaceX options still show a slight bullish bias, contracts expiring \u200bJuly through September with strike \u2060prices ranging from $125 to $190 show nearly two puts for each open call, according to LSEG data, pointing to defensive positioning. Calls convey the right to buy shares at a fixed price in the future and puts offer the right to sell them.<\/div>\n<div>&#8220;I don&#8217;t think this is unusual given the performance of hot IPOs in the immediate term post offering and the need for hedges surrounding unlock periods,&#8221; said Ophir \u2060Gottlieb, chief \u200bexecutive of Capital Market Laboratories, who has been invested in SpaceX since a funding round in 2022.<\/div>\n<div>While most newly \u200bpublic companies impose broad restrictions on insider sales for roughly six months after listing, SpaceX has created exceptions for some participants and plans a phased release of restricted shares tied partly to company performance and stock-price targets. Some shareholders could begin \u200bselling stock shortly after SpaceX reports its first quarterly earnings, provided specified conditions are met.<\/div>\n<\/div>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2772\">Mamdani\u2019s power play, a Kennedy\u2019s TikToks. Four things to watch in Tuesday\u2019s primaries<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2770\">Focus: US provides Ebola treatment for outbreak in Congo, bringing trials closer<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2768\">Trump administration can expand fast-track deportation process, US appeals court rules<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpaceX&#8217;s stock extended its wild ride on Tuesday, briefly falling below its first-day opening price \u200bbefore rebounding on an otherwise weak day for the tech sector \u2013 sharpening Wall Street\u2019s focus on the shifting balance between buyers and sellers of the volatile \u200cshares.<\/p>\n","protected":false},"author":1,"featured_media":2044,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[11],"class_list":["post-2773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-artificial-intelligence"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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