---
title: "SPCX: SpaceX Stock Wipes Out 18% from Record as Volatility Starts to Cut Both Ways"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290272228.md"
description: "SpaceX shares dropped 18% from their record high of $225 to close at $185, marking two consecutive days of losses. The decline follows reports of a potential $20 billion bond offering, raising concerns about valuation and debt amidst the company's ambitious AI and rocket infrastructure projects. Despite the pullback, the stock remains up 37% from its IPO price. Analysts remain bullish, with price targets ranging from $310 to $401, citing supply-demand imbalances and long-term growth potential."
datetime: "2026-06-19T06:35:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290272228.md)
  - [en](https://longbridge.com/en/news/290272228.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290272228.md)
---

# SPCX: SpaceX Stock Wipes Out 18% from Record as Volatility Starts to Cut Both Ways

Key points:

-   SpaceX shares drop for two days
-   Markets get nervous over valuation
-   Price settles at $185 from $225 peak

It’s not easy to time your entry and exit. But what’s more important is, will you be entry liquidity or exit liquidity?

📉 **Gravity Finally Exists**

-   SpaceX shares logged their second straight losing session on Thursday, slipping 3.6% to close at $185 after swinging wildly between $172 and $189.
-   For a stock that only recently discovered public markets, it also just discovered something else: gravity.
-   Wednesday wasn’t exactly kind either. Shares dropped 5% after touching a record session high of $225.64 earlier in the week. From peak to Thursday’s close, the stock has now shed roughly 18%, proving IPO rockets can experience turbulence after liftoff.
-   Despite the pullback, SpaceX remains up about 37% from its $135 IPO price. That’s still an impressive launch by most standards — just not quite the straight-line trip to Mars some traders had penciled into their spreadsheets.

💰 **Debt Deal Raises Eyebrows**

-   One possible culprit behind the selling was a Bloomberg report that SpaceX is considering a $20 billion bond offering. Bonds are essentially borrowed money, and investors may be wondering why a company that just raised more than $85 billion still needs another giant pile of cash.
-   The answer likely comes down to ambition. Building rockets is expensive. Building AI infrastructure is expensive. Building both at the same time? That’s the sort of project that makes accountants reach for stress balls.
-   Markets often view large debt raises cautiously because borrowing increases financial obligations. Even so, the news doesn’t seem to have shaken Wall Street’s long-term enthusiasm for Musk’s vision of an AI infrastructure floating in space.

🚀 **Bulls Still Aim for the Moon**

-   While traders were busy selling, analysts were busy dreaming bigger. The Zephirin Group highlighted what it calls a supply-demand imbalance, noting that only about 640 million shares are currently available while hundreds of index-tracking funds are still looking for exposure.
-   Zephirin slapped a $310 target on the stock. Then came Arete analyst Andrew Beale, who went full rocket fuel and issued a Buy rating with a $401 price target — a valuation approaching $5.3 trillion and roughly 80 times projected 2027 sales.
-   One final reminder of how much is riding on every tick (just not for you): Elon Musk owns so much SpaceX that a $1 move in the stock shifts his net worth by about $6.3 billion.

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## Related News & Research

- [The average SpaceX buyer post-IPO is almost under water after two-day slide](https://longbridge.com/en/news/290237120.md)
- [SpaceX just suffered its first-ever losing streak](https://longbridge.com/en/news/290249892.md)
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- [6 Wall Street analysts have issued price targets on SpaceX. Here's the one I agree with most.](https://longbridge.com/en/news/290177055.md)