SPCX intraday price chart for June 24, 2026

Hover to inspect · pre-market & after-hours shaded · MA(10) and RSI(14) computed from the session

Open

$154.25

High

$159.86

Low

$150.72

$154.46

Volume

65.2M

Vol/Avg

0.26×

SPCX · NASDAQ · June 24, 2026

Insiders Poised to Unlock Shares as Valuation Debate Heats Up

$154.46 $1.65 -1.06% vs prior close

SPCX closed at $154.46 on June 24, 2026, down $1.65 (-1.06%) from the prior session, with volume running at roughly one-quarter of the stock's daily average since its IPO.

Executive Summary

SPCX extended its post-IPO retreat on Wednesday, adding a modest session loss on top of a sharp two-week drawdown from the June 16 peak of $201.80. The stock has now retraced to within a few dollars of its IPO-day close, sitting 4.0% below $160.95 and 14.4% above the $135 offer price. The dominant narrative in coverage on June 24 centered on two structural overhangs: the first insider lockup expiration window arriving in late July concurrent with the Q2 earnings release, and ongoing debate about whether the current price-to-sales multiple adequately prices in execution risk as SpaceX pivots toward AI infrastructure. Multiple analysts referenced an average 55% drawdown for comparable hyped technology IPOs within their first year as a historical frame.

Partially offsetting the bearish tone, SpaceX disclosed AI compute agreements with Anthropic, Alphabet, and Reflection AI, reported to generate approximately $27.5 billion in annual recurring revenue. The successful launch of the Starfall cargo reentry capsule confirmed continued operational cadence in the core launch business. The stock is a battleground between the ambition of a $28.5 trillion total addressable market claim in the IPO prospectus and concerns about a negative 26% profit margin at current revenue levels.

News

1. Better Buy: SpaceX or the "Magnificent Seven"?

SpaceX's recent IPO has brought it to trillion-dollar valuation comparable to tech giants, but the article argues it remains overvalued compared to the Magnificent Seven. While SpaceX generated $18.7B in revenue in 2025 with a negative 26% profit margin, achieving its 45% target margin would still leave it far behind established tech leaders in absolute profits. The analysis suggests SpaceX would need seven years of 40% annual growth to match Amazon's profit levels, meaning significant future growth is already priced into the stock. The author recommends the Magnificent Seven companies as better investments with less speculative valuation. (The Motley Fool, Jun 24, 3:22 PM ET)

2. Prediction: SpaceX Will Reach This Price in July (Hint: It's Going to Plummet)

SpaceX completed the largest IPO in history, opening at $150 and surging to $225.64 before cooling. The article warns that when the company reports Q2 earnings in late July/early August, insider lock-up expirations could trigger a significant sell-off. The analyst predicts approximately 30% of eligible insider shares (273 million shares) could be sold, potentially driving the stock price down to around $150, with further downside risk as subsequent lock-up tranches expire. (The Motley Fool, Jun 24, 3:14 PM ET)

3. The SpaceX IPO Unlock Window Arrives in a Month. What Investors Should Know.

SpaceX's stock has pulled back from its June IPO peak of $225.64 to around $160, as its valuation became overheated at 110x sales. The company will begin unlocking shares held by insiders and early investors starting in late July/early August, with multiple unlock waves throughout the rest of 2026. These lockup expirations could create selling pressure and potentially offer buying opportunities for long-term investors. (The Motley Fool, Jun 24, 12:28 PM ET)

4. Reid Hoffman Questions Elon Musk's AI Strategy At SpaceX: 'You're A Premium-Priced CoreWeave'

Reid Hoffman criticized Elon Musk's AI strategy, calling xAI a "train wreck" and likening SpaceX to CoreWeave. (Benzinga, Jun 24, 9:33 AM ET)

5. United Is About To Join American Airlines In An Exclusive Bullish Club Linked To Elon Musk

United Airlines is nearing a Golden Cross after accelerating its Starlink rollout. American Airlines has already joined the same club. (Benzinga, Jun 24, 9:08 AM ET)

6. SpaceX: Has the Story Run Ahead Of The Stock — Or The Other Way Around?

SpaceX stock has become a battleground in just two weeks, with analysts divided on valuation and potential. (Benzinga, Jun 24, 9:03 AM ET)

7. The SpaceX Sell-Off May Be More Than a Market Overreaction

SpaceX's 31.5% stock decline following its record $85 billion IPO reflects fundamental concerns beyond market overreaction. The company is pivoting from aerospace to AI infrastructure, issuing $20 billion in unsecured debt shortly after the IPO, acquiring Anysphere for $60 billion, and diluting shareholder value. Meanwhile, core Starlink margins are compressing as the company expands into emerging markets. With a 71X enterprise value to EBITDA multiple and projected net debt reaching $400 billion by 2031, SpaceX faces significant execution risks. (Investing.com, Jun 24, 9:03 AM ET)

8. This Principal Financial Group Analyst Turns Bearish; Here Are Top 5 Downgrades For Wednesday

Top Wall Street analysts changed outlook on top names. View all changes on analyst ratings page. See what analysts think of these stocks. (Benzinga, Jun 24, 8:17 AM ET)

Price Action

Metric	Value
Open	$154.25
High	$159.86
Low	$150.72
Close	$154.46
Change vs prior close	-1.06% (-$1.65)
Volume	65,152,857
Intraday range	$9.14
Close vs IPO offer ($135)	+14.4%

SPCX opened near the prior close, climbed briefly to $159.86 in the morning, then retreated to a session low of $150.72 before recovering partway to close at $154.46. The recovery off the $150.72 low is notable: the $150 round number has now been tested intraday on multiple sessions without a clean close below it. Volume came in at 65.2 million shares, approximately 26% of the stock's average daily volume since the IPO. That volume compression is the most significant data point of the session: neither buyers nor sellers are pressing conviction at current levels.

From a trajectory standpoint, the stock has declined from a June 16 peak of $201.80 to $154.46, a pullback of 23.5% across seven trading sessions. The brief stabilization on June 23 at $156.11 did not hold; today's close is now marginally below the June 22 close of $154.60.

A quiet drift lower on thin volume, holding the $150 floor intraday but unable to reclaim the prior close.

Technicals

SPCX has twelve trading sessions of history as of June 24. Standard indicators requiring longer price series, including 14-day RSI, 20-day SMA, 50-day SMA, and 200-day SMA, are not yet computable and are not reported here. The following is based on price structure, candle shape, volume, and the indicators that can be derived from available data.

Trend

The 5-day SMA sits at $168.40 and the 5-day EMA at $164.32, both well above the current close of $154.46. The stock is trading below both short-term moving averages, reinforcing that the near-term trend since the June 16 high is down. The daily close history shows a clear staircase lower from $201.80 to $191.82 to $185.00 to $154.60 to $156.11 to $154.46, with only one interruption when the June 23 session briefly recovered before today's session resumed the slide.

Candle read

Today's candle has a body of $0.21 (open $154.25, close $154.46), an upper wick of $5.40, and a lower wick of $3.53, for a total range of $9.14. The close landed at 41% of the day's range measured from the low, placing it slightly below the midpoint of the session. The overall shape is a near-doji with a longer upper shadow than lower shadow, reflecting sellers absorbing the morning rally to $159.86 and a partial intraday recovery off the $150.72 low. This candle structure signals indecision with a mild bear tilt: the upper wick tells you the market rejected the early advance, and the sub-midrange close tells you the recovery off the low was incomplete.

Support levels

$150.72 / $150.00: Today's intraday low was $150.72. The round $150 level has now been tested intraday on multiple sessions without a closing violation, making it the most visible near-term floor. A close below $150 would be a new post-IPO closing low.

$154.46 / $154.60: Today's close and the June 22 close are functionally the same price and represent the current base the stock is defending on a closing basis.

$135.00: The IPO offer price is the ultimate structural reference. A close below this level would represent a negative return from the offering for all IPO subscribers.

Resistance levels

$156.11: The prior close from June 23 is the first nearby overhead level. The stock was unable to hold above it today.

$159.86: Today's session high. The market rejected an advance past this price during the morning rally.

$160.95: The IPO-day closing price. Reclaiming and holding this level would be the first signal of a durable recovery above the opening trade.

$164.32: The 5-day EMA. A close above this level would begin to close the gap between price and short-term trend.

$168.40: The 5-day SMA, the broadest short-term moving average computable from the available history.

Momentum interpretation

Bull scenario: A session that opens above $156.11 and holds, with volume recovering meaningfully above today's 65 million shares, could signal that the consolidation near $150-$155 is forming a base. Sustained trade above $160.95 (IPO-day close) would be the first technical recovery milestone worth noting.

Bear scenario: A daily close below $150.72 eliminates the intraday support established across the past several sessions. Volume returning to heavier levels on a down day would confirm ongoing distribution. The late-July lockup expiration concurrent with the Q2 earnings release is the next event risk that multiple analysts identified as a potential catalyst for renewed selling.

Neutral scenario: Low-volume drift continues in the $150-$160 range while the market waits for the Q2 earnings release and first lockup expiration window, which coverage consistently placed in late July.

Trading Takeaway

SPCX is consolidating in a narrow zone between the $150 round-number floor and the $159-$161 overhead cluster of today's session high and the IPO-day close. Volume at 26% of the post-IPO daily average is the session's defining characteristic: the market is not making a directional statement here. The structural calendar risk is spelled out clearly in today's coverage: Q2 earnings in late July arrive simultaneously with the first insider lockup expiration, and several analyses estimated that a material portion of eligible insider shares could be offered into that event.

Key levels to watch next session: any test of $150.72 (today's low) on the downside is the critical near-term hold; recapturing $156.11 (prior close) and $159.86 (today's high) would hint at stabilization; a close above $160.95 (IPO-day close) would be the first meaningful technical recovery level.

Sources

Disclaimer

This report is for informational purposes only. It does not constitute investment advice, a solicitation, or a recommendation to buy or sell any security. All data is sourced as noted above; verify figures independently before making any financial decision. Past performance does not guarantee future results.