TradingKey – Since its historic IPO in June 2026, space technology and AI computing giant SpaceX ( SPCX) has seen its stock price undergo a dramatic roller-coaster ride. From an initial post-listing frenzy that propelled the shares to a high of $225.64 and pushed its market capitalization past $2 trillion, the stock subsequently entered a steady decline, recently nearing the $100 mark, representing a cumulative drop of 53%.

So, why has SpaceX’s stock price continued to plummet? Will it hit new lows this year? What is Wall Street’s stance on SpaceX’s future prospects? We will conduct a detailed, step-by-step analysis of these questions.