SpaceX closed at $145.3 on local time 10th, the lowest price since its stock market debut, according to Reuters/Yonhap. The stock trades 8% above its IPO price of $135 but remains 36% below the intraday high of $225.64 recorded on last month 16th. NH Investment & Securities data shows 100% of SpaceX-holding clients are in loss territory with an average return of -15% as of local time 9th. The underperformance mirrors early trading struggles seen in several Magnificent Seven (M7) technology giants, including Meta's 17% decline one month after its 2012 IPO. Analysts note that lockup share expirations and upcoming quarterly earnings will drive near-term volatility for the Elon Musk-led space company.
NH Investment Data Shows 100% Client Loss Rate
NH Investment & Securities reported that as of local time 9th, all customers holding SpaceX stocks are experiencing losses. The average return among these investors stands at -15%. The brokerage's data reflects the sharp retreat from the intraday peak of $225.64 reached on last month 16th, leaving recent buyers underwater despite the stock trading above its $135 IPO price.
M7 Companies Recorded Mixed One-Month IPO Performance
SpaceX's 8% one-month gain compares to varied results among M7 technology stocks in their first month of trading. Meta fell 17% one month after its 2012 listing, while Amazon rose 6% in the same period following its IPO. NVIDIA posted a 75% gain, Apple rose 44%, Google (now Alphabet) climbed 38%, Microsoft advanced 37%, and Tesla increased 20% in their respective first months as public companies. SpaceX's performance sits in the middle of this historical range.
Tesla Reversed Post-IPO Decline in November 2010
Tesla listed on June 29, 2010, as the first automotive company IPO in the United States since Ford in 1956. The stock declined from its first-day high and fell below the IPO price in the months following the debut. By that time, Tesla had sold approximately 1,000 electric vehicles and faced uncertainty about reaching profitability. In November 2010, approximately four months after listing, investor sentiment shifted when CEO Elon Musk announced that the Model S would launch as scheduled in 2012, despite second-quarter earnings missing estimates. Tesla's stock surged 62% that month. The shares now trade at 360 times the IPO price.
Musk Projects SpaceX Valuation Exceeding All Competitors Combined
Elon Musk stated on social media platform X on local time 9th that "if goals are achieved, SpaceX's value will be greater than the rest of the world combined." Lee Chun-kwang, CEO of Regnum Investment Advisory, said investors have learned the "Musk dream effect" through Tesla, but added that lockup share releases accumulating in the second half of the year will create pressure on the stock. The upcoming second-quarter earnings report and Musk's public statements are expected to influence near-term price movements.
FAQ
What was SpaceX's stock price on local time 10th?
SpaceX closed at $145.3 on local time 10th, the lowest price since its stock market listing. This represents an 8% gain above the IPO price of $135 but a 36% decline from the intraday high of $225.64 recorded on last month 16th.
How did Tesla's stock perform in its first months after the June 29, 2010 IPO?
Tesla's stock declined from its first-day high following the June 29, 2010 listing and fell below the IPO price in subsequent months. In November 2010, approximately four months after the IPO, the stock surged 62% after CEO Elon Musk confirmed the Model S would launch as scheduled in 2012. Tesla posted a 20% gain in its first month of trading and now trades at 360 times the IPO price.
