TradingKey – As of July 17, Eastern Time, SpaceX ( SPCX) stock fell 5.43% on the day to $123.99. Compared to its IPO price of $135, SpaceX has already fallen below its offering price; compared with its strong performance of once surging above $200 in the early days of its listing, the current stock price is clearly under continuous pressure. For the market, SpaceX remains a highly scarce space technology leader, but the high valuation in the early listing stage, the uncertainty of Starship testing, and investors’ reassessment of the commercialization pace have pushed the stock price into a short-term de-bubbling phase.