SpaceX Extends Slide as Risk-Off Sentiment Weighs on Shares

SPCX shares fell to $133.36, down 3.88% versus Monday's close of $138.74, on volume of 99.87 million shares.

Executive Summary

SPCX extended Monday's decline on Tuesday, pressured by broader risk-off sentiment in the market alongside a same-day Falcon 9 launch, according to Benzinga's intraday coverage. The stock opened at $138.655, pushed as high as $139.98 early in the session, then gave back the gains to close near the bottom of its range at $133.36. The pullback comes just days after a sharp two-session rally on August 6-7, when shares jumped 15.8% as insider lockup restrictions expired without the feared wave of selling, per the Motley Fool's recap; that same piece cites a median Wall Street price target of $217, implying substantial upside from recent levels if analyst expectations hold. Separately, Benzinga reported a note from Morgan Stanley reiterating that the stock could reach $600 tied to the company's AI ambitions. Coverage today was otherwise dominated by SpaceX-adjacent stories rather than company-specific catalysts: Elon Musk's net worth, a new Vietnam launch contract for VinSpace, and continued sector commentary on Rocket Lab and AST SpaceMobile.

Volume of 99.87 million shares came in below both the prior session's 169.99 million and the stock's average-to-date of 103.45 million, suggesting Tuesday's slide unfolded on lighter participation than the prior day's activity.

News

1. Elon Musk's Net Worth Rebounds on SpaceX Bounce — Now Nearly 800,000x the Average American

Elon Musk is worth almost three times the next richest person in the world. Here's how he compares to the average U.S. household. (Benzinga, Aug 11, 3:38 PM ET)

2. What's Going On With SpaceX Stock Today?

SpaceX shares are pulling back further Tuesday, extending Monday's slide, pressured by risk-off sentiment and a Falcon 9 launch. (Benzinga, Aug 11, 3:29 PM ET)

3. Aug. 6 Turned Out to Be a Nonevent for SpaceX. After a 15% Rally, Here's How High the Stock Could Still Climb in the Next 12 Months.

SpaceX's stock rallied 15.8% on August 6-7 when insider lockup restrictions expired, contrary to expectations of a decline. Despite the company's significant unprofitability ($4.9 billion net loss in 2025) and high capital expenditures, analysts maintain an optimistic outlook with a median price target of $217, suggesting potential 63% upside from the August 6 closing price of $133.11. (The Motley Fool, Aug 11, 2:30 PM ET)

4. SpaceX Is Helping AST SpaceMobile Chase Its $1 Billion Revenue Goal

SpaceX is launching AST SpaceMobile's BlueBird satellites as ASTS builds toward commercial service and a nearly $1 billion revenue goal. (Benzinga, Aug 11, 2:12 PM ET)

5. Could This Mid-Cap Space Stock Become the Next SpaceX?

Redwire, a mid-cap space components manufacturer, has underperformed since SpaceX's IPO. Despite trading at a reasonable 7x sales valuation, the company overpromised on growth targets, faced margin compression from acquisitions, and significantly diluted shareholders through multiple equity offerings. While analysts expect 27% revenue CAGR through 2028, Redwire's business model differs fundamentally from SpaceX's vertically integrated approach and faces risks from SpaceX's potential in-house manufacturing expansion. (The Motley Fool, Aug 11, 2:05 PM ET)

6. Elon Musk Posts On X "We Will Widen Grok Bot Beta After We Fix Basic Issues With Early Beta And Release Grok 4.6 Later This Week"

(Benzinga, Aug 11, 1:52 PM ET)

7. 10 Communication Services Stocks With Whale Alerts In Today’s Session

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often (Benzinga, Aug 11, 1:35 PM ET)

8. QUICK SPARK: SpaceX Stock Could Hit $600, Morgan Stanley Says

SpaceX stock could reach $600 as investors learn more about its AI business. Analyst predicts Cursor to have $33B annual revenue by 2030. (Benzinga, Aug 11, 1:30 PM ET)

Price Action

Metric	Value
Open	$138.655
High	$139.98
Low	$130.50
Close	$133.36
Change vs prior close	-3.88% ($138.74 to $133.36)
Volume	99,869,614
Intraday range	$130.50 to $139.98 ($9.48)
Close vs IPO close ($160.95)	-17.14%

SPCX opened at $138.655, essentially flat to Monday's $138.74 close, then rallied to an intraday high of $139.98 before reversing hard. The stock spent the rest of the session giving up that early strength, ultimately printing a low of $130.50 before settling at $133.36, a 3.88% decline versus the prior close. Volume of 99.87 million shares was below the average-to-date of 103.45 million and well below Monday's 169.99 million. The stock remains 17.14% below its June 12 IPO-day close of $160.95, though it is still trading above the $135 IPO offer price... nearly at that level, having closed just $1.64 below it.

The session's key takeaway: SPCX faded a higher open into a lower close on below-average volume, a pattern that points to sellers controlling the second half of the day rather than a high-conviction breakdown.

Technicals

SPCX has been public since June 12, 2026, roughly two months of trading history. The 14-day RSI and any 20/50/200-day moving averages are not yet fully meaningful at this stage — the SMA-50 and SMA-200 indicators are explicitly unavailable in today's data due to insufficient history. The following reads lean on price structure, candle shape, volume, and the shorter-window averages that are computable (SMA-5/10/20, EMA-5).

Trend

Since the IPO, SPCX has traced a broad downtrend: an initial spike to $201.80 on June 16 gave way to a multi-week slide that bottomed near $108.27 on August 5. From that low, the stock staged a sharp two-day rally to $133.11 (Aug 7) and continued to $138.74 (Aug 10), before today's reversal back to $133.36. The short-term moving averages still reflect that recent bounce: the SMA-5 ($125.68), EMA-5 ($128.92), SMA-10 ($120.14), and SMA-20 ($120.68) all sit below today's close, meaning price remains above its most recent short-term trend even after the pullback. The broader multi-week trend since mid-June, however, remains down.

Candle read

Tuesday's candle has a body of -5.29 (open $138.655 to close $133.36, a bearish/red body), a small upper wick of 1.32 reaching to the $139.98 high, and a larger lower wick of 2.86 down to the $130.50 low, for a total range of 9.48. The close-location value of 0.3 means the session closed only about 30% of the way up from the low toward the high — a close near the bottom of the day's range. Combined with the failed push above $139.98, this is a bearish reversal candle: buyers pushed the stock to a new intraday high early on, but sellers took control and dragged price back down to close near the session low.

Support levels

• $130.50 — today's intraday low
• $130.00 — round-number support just below today's low
• $120.14 to $120.68 — the SMA-10/SMA-20 cluster
• $108.27 — the August 5 swing low from the recent multi-week decline

Resistance levels

• $135.00 — the IPO offer price, now sitting just above the current close
• $138.74 — Monday's close, also the level SPCX briefly cleared before reversing
• $139.98 — today's intraday high
• $140.00 — round-number resistance just above today's high

Momentum interpretation

Bull scenario: SPCX reclaims $135.00 (the IPO offer price) and holds above it, opening a path back toward $138.74 and today's high of $139.98, with $140.00 as the next round-number test.

Bear scenario: SPCX breaks below $130.50 and the $130.00 round-number level, which would open room toward the SMA-10/SMA-20 cluster near $120.14 to $120.68, and potentially toward the August 5 swing low of $108.27 if selling accelerates.

Neutral scenario: SPCX consolidates between the $130.50 low and the $135.00 IPO offer price, digesting last week's rally without a clear directional resolution.

Trading Takeaway

Tuesday's session reversed an early push to a new short-term high into a close near the day's low, on volume below both the prior session and the stock's average-to-date. That combination, a rejection near $140 following last week's rally off the $108.27 low, points to sellers reasserting control in the near term even as price still sits above its 5-, 10-, and 20-day averages. The next session's key levels to watch are $135.00 (the IPO offer price) as the level to reclaim on the upside, against $130.50 as the level to hold on the downside; a decisive break of either would likely set the tone for the following sessions.

Sources

1. Elon Musk's Net Worth Rebounds on SpaceX Bounce — Now Nearly 800,000x the Average American — Benzinga
2. What's Going On With SpaceX Stock Today? — Benzinga
3. Aug. 6 Turned Out to Be a Nonevent for SpaceX. After a 15% Rally, Here's How High the Stock Could Still Climb in the Next 12 Months. — The Motley Fool
4. SpaceX Is Helping AST SpaceMobile Chase Its $1 Billion Revenue Goal — Benzinga
5. Could This Mid-Cap Space Stock Become the Next SpaceX? — The Motley Fool
6. Elon Musk Posts On X "We Will Widen Grok Bot Beta After We Fix Basic Issues With Early Beta And Release Grok 4.6 Later This Week" — Benzinga
7. 10 Communication Services Stocks With Whale Alerts In Today's Session — Benzinga
8. QUICK SPARK: SpaceX Stock Could Hit $600, Morgan Stanley Says — Benzinga
9. SpaceXAI Introduces Grok Bot; Grok Bot Is In Beta & Available Today For SuperGrok Heavy, Cursor Ultra, & Cursor Teams Premium Subscribers On Desktop & iOS — Benzinga
10. Rocket Lab's Neutron Timeline Wobbles, Overshadowing Record Revenue — Benzinga
11. Rocket Lab CEO Sees AI Data Centers Moving Into Space as Computing Demand Explodes: 'Real Opportunity' (UPDATED) — Benzinga
12. Alphabet Invested $900 Million Into SpaceX Back in 2015 -- Here's What That Stake Is Worth Now — The Motley Fool
13. Tesla's AI Future Is Starting to Look a Lot Less Electric — Benzinga
14. RKLB Stock Pares Losses, Last Down Over 2% in Tuesday Pre-Market: What's Going On? (UPDATED) — Benzinga
15. Rocket Lab CEO Won't Take on Musk and Bezos in Broadband: 'The Two Most Wealthiest People in the World Are Going After That' — Benzinga
16. Elon Musk's SpaceX Lands a New Asian Customer as Vietnam Steps Up Its Space Ambitions — Benzinga
17. SpaceX Could Be Worth $14 Trillion? Billionaire Investor Ron Baron Has a Wild 10-Year Vision — Benzinga
18. AST SpaceMobile Targets 45 Satellites by Early 2027: 'We're Not Betting' on Blue Origin's New Glenn — Benzinga
19. OpenAI Concludes $7 Billion Share Buyback Ahead of Potential IPO: Report — Benzinga
20. Elon Musk's Terafab Construction Plan: A Semiconductor Factory Bigger Than The World's Largest Building — Benzinga
21. Kevin O'Leary Says 'Show Me the Power' as America's Power Crunch Creates Major Investment Opportunity Amid AI Boom — Benzinga
22. SpaceX Pre-IPO Fraud: SEC Charges Adit Ventures Over Alleged Misconduct — CEO Eric Munson Rejects Allegations 'Completely' — Benzinga
23. Elon Musk Says China is 'Awesome' as Cathie Wood's Ark Expects Hurdles but Sees Tesla-SpaceX Deal Coming in 2026 — Benzinga
24. Alpaca Markets (SIP) — market data

Disclaimer

This report is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Prices, indicators, and news items reflect data available at the time of generation and may contain errors, delays, or omissions. Verify all figures independently before making any financial decision.