SpaceX Is Pulling Back — Bearish or Buying the Dip?

TigerEvents
15:51

SpaceX’s IPO hype is cooling fast. After opening at $150 per share on June 12, the stock surged in its first two trading days and briefly became one of the most valuable companies in the world. But the rally didn’t last. $SpaceX(SPCX)$

Shares fell 5% and 3.6% on Wednesday and Thursday last week, then dropped another 16% on Monday. That brings SpaceX’s total decline to nearly 24% over the past three full trading days.

So what’s going on? — is this the start of a bigger selloff, or a chance to buy the dip?

On one side, SpaceX is expected to be added to major indexes including FTSE Russell, MSCI, Nasdaq-100, and CRSP over the coming months. Estimates suggest passive funds could bring in roughly $21 billion to $33 billion of buying demand.

On the other side, lockup expirations are also coming. Starting after the August earnings window, more shares may be released in batches, which could create selling pressure. That said, Elon Musk and key shareholders still have about 60% of their shares locked up for 366 days, so the biggest long-term unlock may not hit until mid-June 2027.

SpaceX also announced its first bond offering, and disclosed that it had around $100.8 billion in cash and cash equivalents as of June 19. According to reports, the company is looking to raise about $20 billion, likely to repay bridge financing and support its longer-term AI ambitions, including chips and future space-based data center plans.

Are you bearish on SpaceX after the drop, or are you getting ready to buy the dip?

📓 How to Participate

  • Vote and share your view in the comments.

  • Would you buy now, wait for a deeper pullback, or stay away for now?

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⏰ Event Duration

  • From June 23, 2026 to June 30 2026 at 00:00 SGT

Would you buy now, wait for a deeper pullback, or stay away for now?(Maximum1 votes)
  • Bullish — buying the dip(27 votes)
  • Waiting for a better entry(13 votes)
  • Bearish — still too expensive(21 votes)
  • Just watching for now(10 votes)
SpaceX Crashes 16%! Another 50% Downside, Exit or Add?
SpaceX plunged 16.43% today, breaching $155 and shattering the post-IPO euphoria in a single session. Bears are piling on, calling the valuation "astronomical" and flagging 50% further downside even under optimistic assumptions. Space proxy Rocket Lab (RKLB) fell 6.48% in sympathy — the retail frenzy lasted less than two weeks. With the "best IPO ever" now giving back gains, will you buy this dip or cut your losses?
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Comments

  • Ah_Meng
    16:53
    Ah_Meng
    $SpaceX(SPCX)$ even at its IPO price at $135 is super expensive. The price run to $200+ is simply hype generated by Elon fan club together with the rest of the greedy bankers who want a cut of those big profits from this historical “cooked” job! True, SpaceX is one of its kind with also a one of a kind person at the helm. That does not mean we can throw whatever valuation or premium they want. Guess what? Most importantly, its free float is only less than 6% or less than 5% of total share count! If this company is not about share price manipulation, I am not sure what it is… just look at any listed company, if I tell you its free float is only 5% or less, most people if they are not gambling would stay clear. Just because it is SpaceX or Elon Musk!? He is one guy with control freak history with Tesla and he is repeating it, upp that control 100 fold here, and gamblers are flocking to it. I won’t buy SpaceX even if it is at $10 if it stays status quo. Meanwhile, I just enjoy the scene.
  • Shyon
    18:20
    Shyon
    I’m not bearish on SpaceX long term, but I’m also not rushing to buy the dip yet. The stock had a strong IPO run, and a pullback after such a surge is not surprising. Even after the recent decline, I think there could still be more volatility as the market digests valuation and upcoming share unlock concerns.
    What keeps me interested is the long-term story. SpaceX remains one of the most unique companies in the world, with leadership in launch services, Starlink, AI ambitions, and future space-based opportunities. Expected inclusion in major indexes could also bring meaningful demand over the coming months, which may help support the stock.
    For now, my strategy is to stay patient and wait for a better entry point. I would prefer a deeper pullback or a period of consolidation before building a position. Missing the first bounce doesn’t bother me—I would rather buy at a more attractive risk-reward level for the long term.

    @TigerEvents @Tiger_comments @TigerClub @TigerStars

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