SpaceX shares hit record low as lock-up concerns weigh

SpaceX Corp (NASDAQ:SPCX) shares fell to an all-time low of $108.66 on July 27, 2026, before recovering to around $111, as investor sentiment was pressured by multiple concerns. The stock has lost nearly half its value from its post-IPO peak despite the successful 13th test flight of Starship. Key factors include the upcoming expiration of the IPO lock-up period on August 6, which could allow early investors and employees to sell up to 911.5 million shares (20% of eligible locked stock). Valuation concerns persist, with a $1.46 trillion market cap against reported 2025 revenue of less than $19 billion. Additionally, elevated capital expenditures for AI infrastructure and uncertainty about returns, along with reports that SpaceX seeks to raise at least $20 billion through its first investment-grade bond offering, have weighed on the stock. The company's first quarterly earnings release is scheduled for August 4.