SpaceX Stock: Where Is the Floor After $1 Trillion Drop?

SpaceX was valued at about $1.8 trillion at its IPO. According to the Motley Fool, that valuation was not justified by the fundamentals. The company had about $18 billion in revenue in 2025. The publication also cited a Barron's analysis showing the stock has underperformed compared to 90% of other U.S. IPOs with market capitalizations of $1 billion or more since July 2009.

The earnings print and the lock-up schedule are the two near-term catalysts. The Motley Fool suggested that some early investors will likely monetize their stakes once the lock-up lifts, and that new buyers might consider building a position after Aug. 6. The earnings report is due after the close on Aug. 4.