SpaceX’s fall has dragged the -To The Moon - Tiger Brokers Online Investing Community - To The Moon

SpaceX’s fall has dragged the rest of the space sector down with it. A handful of these names are down more than 20%. No surprise there.With both stocks sliding, Musk has lost his trillionaire status. Over $300 billion gone in about a month. That is more than the entire net worth of second placed Larry Page.

It wasn’t just SpaceX. Tesla fell hard after earnings and is now down 29% year to date. The culprit was negative free cash flow of $1.09 billion in Q2 2026, as Tesla spends big on AI, on top of robotaxi and Optimus. Investors have turned sensitive towards heavy capex spenders, and Tesla has just joined that group. The selling is consistent with how the market is treating everyoneSpaceX closed at $201.80 on 16 June 2026. It has since tumbled 43% to $115.07, which also puts it 15% below its IPO offer price of $135. A round trip and then some, in a matter of weeks.

The reason is simple. IPOs are difficult to price correctly. There is limited information and no trading history to anchor against, so the market has to discover the price in real time. For a stock as controversial as SpaceX, that discovery process takes even longer before it settles. Better to let the dust settle than to be part of the experiment.

SpaceX's First Post-IPO Earnings: Can It Anchor Its Valuation?

SpaceX delivers its first quarterly results since its IPO after market close Tuesday, having also joined the Nasdaq 100 and drawn direct comparisons to the 'Magnificent 7.' Bernstein has outlined four key valuation drivers, with Starlink revenue mix and launch cadence topping the list. Yet the stock still trades largely on narrative, and reports that the IPO generated roughly $100 million for Wall Street raise the question: with no earnings history to benchmark, what multiple should the market apply?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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A handful of these names are down more than 20%. No surprise there.With both stocks sliding, Musk has lost his trillionaire status. Over $300 billion gone in about a month. That is more than the entire net worth of second placed Larry Page.</p>\n<p>It wasn’t just SpaceX. Tesla fell hard after earnings and is now down 29% year to date. The culprit was negative free cash flow of $1.09 billion in Q2 2026, as Tesla spends big on AI, on top of robotaxi and Optimus. Investors have turned sensitive towards heavy capex spenders, and Tesla has just joined that group. The selling is consistent with how the market is treating everyoneSpaceX closed at $201.80 on 16 June 2026. It has since tumbled 43% to $115.07, which also puts it 15% below its IPO offer price of $135. A round trip and then some, in a matter of weeks.</p>\n<p>The reason is simple. IPOs are difficult to price correctly. There is limited information and no trading history to anchor against, so the market has to discover the price in real time. For a stock as controversial as SpaceX, that discovery process takes even longer before it settles. Better to let the dust settle than to be part of the experiment.</p></body></html>","text":"SpaceX’s fall has dragged the rest of the space sector down with it. A handful of these names are down more than 20%. No surprise there.With both stocks sliding, Musk has lost his trillionaire status. Over $300 billion gone in about a month. That is more than the entire net worth of second placed Larry Page. It wasn’t just SpaceX. Tesla fell hard after earnings and is now down 29% year to date. The culprit was negative free cash flow of $1.09 billion in Q2 2026, as Tesla spends big on AI, on top of robotaxi and Optimus. Investors have turned sensitive towards heavy capex spenders, and Tesla has just joined that group. The selling is consistent with how the market is treating everyoneSpaceX closed at $201.80 on 16 June 2026. It has since tumbled 43% to $115.07, which also puts it 15% below its IPO offer price of $135. A round trip and then some, in a matter of weeks. The reason is simple. IPOs are difficult to price correctly. There is limited information and no trading history to anchor against, so the market has to discover the price in real time. For a stock as controversial as SpaceX, that discovery process takes even longer before it settles. 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