{"id":4798,"date":"2026-07-13T05:32:33","date_gmt":"2026-07-13T05:32:33","guid":{"rendered":"https:\/\/260web.com\/news\/the-spacex-ipo-made-history-is-the-excitement-still-there\/"},"modified":"2026-07-13T05:32:33","modified_gmt":"2026-07-13T05:32:33","slug":"the-spacex-ipo-made-history-is-the-excitement-still-there","status":"publish","type":"post","link":"https:\/\/260web.com\/news\/the-spacex-ipo-made-history-is-the-excitement-still-there\/","title":{"rendered":"The SpaceX IPO made history. Is the excitement still there?"},"content":{"rendered":"<p>The SpaceX IPO made history. Is the excitement still there?<\/p>\n<div data-block=\"headline\" class=\"ssrcss-l7emlr-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-usmnse-Spacer e1aon0op0\"><\/div>\n<\/div>\n<div data-block=\"image\" class=\"ssrcss-l7emlr-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"image\" class=\"ssrcss-1uy5kw5-FullWidthWrapper ep2nwvo1\">\n<figure class=\"ssrcss-hc6arm-StyledFigure e34k3c22\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-1pflr6j-Placeholder etlorgc0\"><picture><source srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/2ab1\/live\/ee081470-7c79-11f1-b976-0b9c15b0ccfc.png.webp 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/2ab1\/live\/ee081470-7c79-11f1-b976-0b9c15b0ccfc.png.webp 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/2ab1\/live\/ee081470-7c79-11f1-b976-0b9c15b0ccfc.png.webp 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/2ab1\/live\/ee081470-7c79-11f1-b976-0b9c15b0ccfc.png.webp 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/2ab1\/live\/ee081470-7c79-11f1-b976-0b9c15b0ccfc.png.webp 800w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/2ab1\/live\/ee081470-7c79-11f1-b976-0b9c15b0ccfc.png.webp 976w\" type=\"image\/webp\"><img loading=\"lazy\" decoding=\"async\" alt=\"Stylised image showing Elon Musk looking up with a rocket behind him to the right and a red line like that of a share price chart, against a red, black and white background\" src=\"https:\/\/260web.com\/news\/wp-content\/uploads\/2026\/07\/HWUyCX.png\" srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/2ab1\/live\/ee081470-7c79-11f1-b976-0b9c15b0ccfc.png 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/2ab1\/live\/ee081470-7c79-11f1-b976-0b9c15b0ccfc.png 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/2ab1\/live\/ee081470-7c79-11f1-b976-0b9c15b0ccfc.png 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/2ab1\/live\/ee081470-7c79-11f1-b976-0b9c15b0ccfc.png 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/2ab1\/live\/ee081470-7c79-11f1-b976-0b9c15b0ccfc.png 800w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/2ab1\/live\/ee081470-7c79-11f1-b976-0b9c15b0ccfc.png 976w\" width=\"1920\" height=\"1080\" class=\"ssrcss-egie1y-Image edrdn950\"><\/picture><\/span><\/div>\n<\/figure>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"byline\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"single-byline\" class=\"ssrcss-sevsa1-ContributorContainer ee66fvo3\">\n<div class=\"ssrcss-dt4z-ContributorInfo ee66fvo0\"><span class=\"ssrcss-nsjd43-TextContributorName epw3ir01\">Kali Hays<\/span><\/p>\n<div class=\"ssrcss-dqo7s5-ContributorDetails ee66fvo2\"><span class=\"ssrcss-1m5444d-Text ee66fvo4\">Technology reporter<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"metadata\" class=\"ssrcss-l7emlr-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"metadata\">\n<div>\n<ul role=\"list\" class=\"ssrcss-9tw7r1-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-10q9h22-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-sf7vdp-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-61mhsj-MetadataText e4wm5bw1\"><time data-testid=\"timestamp\" datetime=\"2026-07-13T05:01:54.393Z\">11 minutes ago<\/time><\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"text\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"rich-text\">\n<div class=\"ssrcss-nqezkk-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\"><b class=\"ssrcss-1xjjfut-BoldText e5tfeyi3\">SpaceX investors have swung from celebration to apparent concern in its first month as a publicly traded company.<\/b><\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">When shares in the firm, co-founded and led by Elon Musk, first became available for individuals to buy on the public stock market on 12 June, there was an investor frenzy.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Although the company had decided to price its shares at $135 each, the price immediately shot up to $150 that first day, climbing to $176, before closing at $160.95. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">It solidified SpaceX as the largest initial public offering (IPO) of all time.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The following week, its shares went up even further, hitting an intraday high of $225, meaning it had surpassed Amazon and Microsoft in total market value.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;With Elon Musk, any company he touches gets people excited,&#8221; Keith Snyder, analyst at investment research firm CFRA, said. &#8220;But this was also the first time people felt like they were able to invest in something that was being marketed as an AI play.&#8221;<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Willy Lee, an investor at Neosteller, which facilitates individual investors putting money into private companies, agreed that the excitement around the IPO was very much around artificial intelligence (AI). <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;Everyone saw SpaceX as an AI story,&#8221; he said.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">SpaceX earlier this year acquired Musk&#8217;s AI start-up xAI, recently renamed SpaceXAI and best known for the controversial chatbot Grok, and also started leasing data centre capacity to other tech companies.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"image\" class=\"ssrcss-l7emlr-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"image\" class=\"ssrcss-1uy5kw5-FullWidthWrapper ep2nwvo1\">\n<figure class=\"ssrcss-hc6arm-StyledFigure e34k3c22\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-17edh64-Placeholder etlorgc0\"><picture><source srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/a197\/live\/68e97690-7c73-11f1-926f-c90d1bcfbc84.png.webp 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/a197\/live\/68e97690-7c73-11f1-926f-c90d1bcfbc84.png.webp 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/a197\/live\/68e97690-7c73-11f1-926f-c90d1bcfbc84.png.webp 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/a197\/live\/68e97690-7c73-11f1-926f-c90d1bcfbc84.png.webp 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/a197\/live\/68e97690-7c73-11f1-926f-c90d1bcfbc84.png.webp 800w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/a197\/live\/68e97690-7c73-11f1-926f-c90d1bcfbc84.png.webp 976w\" type=\"image\/webp\"><img decoding=\"async\" alt=\"A line chart showing SpaceX share prices from 11 June 2026 to 9 July 2026. Once the initial public offering began at the start of the time series, prices rose from $135 to over $160 on the first day of trading. They continued to rise over the next four days to a peak of about $202 on 16 June. At this point the chart is annotated with a note saying that SpaceX said it would buy Cursor, after which the value drops down to about $153 towards the end of June. It then rises again and peaks after another annotation saying when SpaceX was added to the FTSE Russell index on 29 June. The value at the end of June was over $170. After this the share price dropped again, coinciding with an event in Memphis where Starlink cut their prices on 1 July. It hit a low of $157 after this event. Prices then rose to a peak of $162 in early July, before falling back down to a low of $148 on 8 July. After this prices rose again to $152 on 9 July, and fell back down to $150 on 10 July. The source is Bloomberg.\" loading=\"lazy\" src=\"https:\/\/260web.com\/news\/wp-content\/uploads\/2026\/07\/Na5aUR.png\" srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/a197\/live\/68e97690-7c73-11f1-926f-c90d1bcfbc84.png 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/a197\/live\/68e97690-7c73-11f1-926f-c90d1bcfbc84.png 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/a197\/live\/68e97690-7c73-11f1-926f-c90d1bcfbc84.png 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/a197\/live\/68e97690-7c73-11f1-926f-c90d1bcfbc84.png 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/a197\/live\/68e97690-7c73-11f1-926f-c90d1bcfbc84.png 800w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/a197\/live\/68e97690-7c73-11f1-926f-c90d1bcfbc84.png 976w\" width=\"1600\" height=\"1600\" class=\"ssrcss-egie1y-Image edrdn950\"><\/picture><\/span><\/div>\n<\/figure>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"text\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"rich-text\">\n<div class=\"ssrcss-nqezkk-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">But its main business is the manufacture and launch of rockets and telecommunications satellites called Starlink. When Starlink said it was cutting prices in the Memphis, Tennessee area amid local concerns over a massive data centre project, SpaceX shares fell on the day by 8%. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">As the reality of how SpaceX currently makes money has seemed to come into clearer focus, the company&#8217;s shares have started to sink.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Even amid a tumultuous couple of weeks for tech stocks, SpaceX has taken a particular hit. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">When it was added to the Nasdaq100 index on 7 July, for instance, although the index closed down 1.7%, SpaceX fell 4.4%. An earlier addition to the FTSE Russell index had given the shares a slight boost.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">SpaceX did not respond to a request for comment.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">At the end of its first trading month, shares of SpaceX were selling at around $145 each, roughly 18% less than the high on its first day of trading, and 35% less than its peak so far.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"subheadline\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-usmnse-Spacer e1aon0op0\">\n<div data-testid=\"subheadline\">\n<h2 id=\"Definitely-underwater\" tabindex=\"-1\" class=\"ssrcss-1sc9t00-Heading e10rt3ze0\"><span role=\"text\">&#8216;Definitely underwater&#8217;<\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"text\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"rich-text\">\n<div class=\"ssrcss-nqezkk-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Such a drop in price means that retail investors who purchased SpaceX stock during its first five days of trading are looking at a potential loss on their investment.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;If you bought around the first tick you&#8217;re definitely underwater,&#8221; Snyder said.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;It started to look a lot like a meme stock,&#8221; Snyder added, pointing to the examples of GameStop and, more recently, Wendy&#8217;s, where retail investors drive up a stock price through little more than excited online conversation.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">He expects SpaceX to dip even further, to around $115 a share, based on the company&#8217;s business performance. That would value the company at around $1.5 trillion.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"links\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div spacing=\"4\" class=\"ssrcss-1gccci3-Stack e1y4nx260\">\n<ul role=\"list\" spacing=\"2\" class=\"ssrcss-94r6ik-Stack e1y4nx260\">\n<li class=\"ssrcss-qzx51b-LinkItem e3eyuya1\">\n<div spacing=\"4\" class=\"ssrcss-1gccci3-Stack e1y4nx260\"><span><\/p>\n<p class=\"ssrcss-7zrqh4-LinkHeadline e3eyuya4\"><span aria-hidden=\"false\">Elon Musk&#8217;s stratospheric rise to trillionaire status &#8211; in charts<\/span><\/p>\n<p><\/span><\/p>\n<div class=\"ssrcss-1ulytiq-LinkIconContainer e3eyuya3\"><svg viewBox=\"0 0 32 32\" width=\"1em\" height=\"1em\" class=\"ssrcss-xi5oyi-StyledIcon e161cein1\" focusable=\"false\" aria-hidden=\"true\"><path d=\"M21.6 14.3 5.5 31h6.4l14.6-15L11.9 1H5.5l16.1 16.7z\" \/><\/svg><\/div>\n<div>\n<ul role=\"list\" class=\"ssrcss-9tw7r1-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-10q9h22-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-sf7vdp-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-61mhsj-MetadataText e4wm5bw1\">13 June<\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<\/div>\n<\/li>\n<li class=\"ssrcss-qzx51b-LinkItem e3eyuya1\">\n<div spacing=\"4\" class=\"ssrcss-1gccci3-Stack e1y4nx260\"><span><\/p>\n<p class=\"ssrcss-7zrqh4-LinkHeadline e3eyuya4\"><span aria-hidden=\"false\">SpaceX&#8217;s stock market blast-off could be Musk&#8217;s biggest gamble yet<\/span><\/p>\n<p><\/span><\/p>\n<div class=\"ssrcss-1ulytiq-LinkIconContainer e3eyuya3\"><svg viewBox=\"0 0 32 32\" width=\"1em\" height=\"1em\" class=\"ssrcss-xi5oyi-StyledIcon e161cein1\" focusable=\"false\" aria-hidden=\"true\"><path d=\"M21.6 14.3 5.5 31h6.4l14.6-15L11.9 1H5.5l16.1 16.7z\" \/><\/svg><\/div>\n<div>\n<ul role=\"list\" class=\"ssrcss-9tw7r1-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-10q9h22-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-sf7vdp-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-61mhsj-MetadataText e4wm5bw1\">11 June<\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"text\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"rich-text\">\n<div class=\"ssrcss-nqezkk-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Samuel Kerr, who heads analysis of equity capital markets for Mergermarket, noted that the swings in the share price so far will have had a different impact on different investors.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;If you&#8217;re an IPO investor, you&#8217;re ok,&#8221; Kerr said, referring to groups of investors who were either able to buy SpaceX at the company&#8217;s proposed listing price of $135, or who were insiders with pre-IPO equity in the company.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;If you bought in the first few days, you&#8217;re not very happy right now,&#8221; Kerr added.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"image\" class=\"ssrcss-l7emlr-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"image\" class=\"ssrcss-1uy5kw5-FullWidthWrapper ep2nwvo1\">\n<figure class=\"ssrcss-hc6arm-StyledFigure e34k3c22\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-11s1y89-Placeholder etlorgc0\"><picture><source srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/cd47\/live\/9f71c030-7afe-11f1-a9d1-9bd9cae89f20.jpg.webp 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/cd47\/live\/9f71c030-7afe-11f1-a9d1-9bd9cae89f20.jpg.webp 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/cd47\/live\/9f71c030-7afe-11f1-a9d1-9bd9cae89f20.jpg.webp 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/cd47\/live\/9f71c030-7afe-11f1-a9d1-9bd9cae89f20.jpg.webp 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/cd47\/live\/9f71c030-7afe-11f1-a9d1-9bd9cae89f20.jpg.webp 800w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/cd47\/live\/9f71c030-7afe-11f1-a9d1-9bd9cae89f20.jpg.webp 976w\" type=\"image\/webp\"><img decoding=\"async\" alt=\"Elon Musk appearing via video stream wearing a black leather jacket an speaking at a podium upon the June debut of his company SpaceX on the Nasdaq stock exchange.\" loading=\"lazy\" src=\"https:\/\/260web.com\/news\/wp-content\/uploads\/2026\/07\/zpfkeR.jpg\" srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/cd47\/live\/9f71c030-7afe-11f1-a9d1-9bd9cae89f20.jpg 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/cd47\/live\/9f71c030-7afe-11f1-a9d1-9bd9cae89f20.jpg 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/cd47\/live\/9f71c030-7afe-11f1-a9d1-9bd9cae89f20.jpg 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/cd47\/live\/9f71c030-7afe-11f1-a9d1-9bd9cae89f20.jpg 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/cd47\/live\/9f71c030-7afe-11f1-a9d1-9bd9cae89f20.jpg 800w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/cd47\/live\/9f71c030-7afe-11f1-a9d1-9bd9cae89f20.jpg 976w\" width=\"3840\" height=\"2160.6631499623213\" class=\"ssrcss-egie1y-Image edrdn950\"><\/picture><\/span><span role=\"text\" class=\"ssrcss-tzgxt7-StyledFigureCopyright e34k3c20\">Reuters<\/span><\/div>\n<\/figure>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"text\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"rich-text\">\n<div class=\"ssrcss-nqezkk-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Nevertheless, Musk has expressed little but enthusiasm for the business prospects of SpaceX.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">After the company&#8217;s public listing made him the world&#8217;s first trillionaire, Musk said that SpaceX would pull in $1tn in yearly revenue by 2030.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Musk has also shown that he is ready and willing to use SpaceX shares, and their volatility, as a currency.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">When the share price spiked on 16 June, SpaceX announced it was acquiring Cursor, a start-up that created an AI bot for writing computer code, in an all-stock deal valued at $60bn. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">By doing so at that time, Musk essentially bought Cursor for free, given how much value SpaceX stock had gained at that exact time.     <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;It showed a level of market sophistication that almost no other issuer has,&#8221; Kerr said of the Cursor acquisition. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">SpaceX shares have drifted down since.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"subheadline\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-usmnse-Spacer e1aon0op0\">\n<div data-testid=\"subheadline\">\n<h2 id=\"All-eyes-on-earnings\" tabindex=\"-1\" class=\"ssrcss-1sc9t00-Heading e10rt3ze0\"><span role=\"text\">All eyes on earnings<\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"text\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"rich-text\">\n<div class=\"ssrcss-nqezkk-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Morgan Stanley, which was a lead banker on the SpaceX IPO, seems to think the dip will be an interlude. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">It last week initiated coverage by its financial analysts and put a target share price on the company of $300, a 33% jump from its highest trading price to date.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">SpaceX currently operates at a loss and last year it made $18bn in revenue, according to financial disclosures required for it to go public.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Musk&#8217;s projected $1tn in revenue is roughly 55 times that.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">At the moment, anticipation is building around the company&#8217;s first public earnings report. SpaceX has not yet announced a date for this, but financial analysts are expecting it to happen in early August.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The company&#8217;s earnings will likely coincide with the end of what&#8217;s known as a &#8220;lock-up&#8221; period, when SpaceX employees who have been prohibited from selling shares in the firm that they received as part of their compensation will be able to shift them on to the open market.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">More shares for sale, plus a potentially more detailed explanation of SpaceX&#8217;s business and future growth could create further dramatic swings in price.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;If SpaceX can do all the things it says it will do, yes, investors are sitting on the most valuable company ever,&#8221; Kerr said. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;But it&#8217;s got a lot of work to do to get there.&#8221;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"topicList\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-tcr9z1-Spacer e1aon0op0\">\n<div data-testid=\"topic-list\">\n<div class=\"ssrcss-nj9heb-StyledTagContainer ed0g1kj1\">\n<div class=\"ssrcss-1pfbb52-TopicListHeaderWrapper etw6iwl0\">\n<h2 type=\"normal\" class=\"ssrcss-89o2pv-Heading e10rt3ze0\">Related topics<\/h2>\n<\/div>\n<div class=\"ssrcss-17ehax8-Cluster e1ihwmse1\">\n<ul role=\"list\" spacing=\"2\" class=\"ssrcss-w8zanw-ClusterItems e1ihwmse0\">\n<li>SpaceX<\/li>\n<li>Elon Musk<\/li>\n<li>Aerospace<\/li>\n<li>Artificial intelligence<\/li>\n<li>Stock markets<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Published at Mon, 13 Jul 2026 05:01:54 +0000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SpaceX IPO made history. Is the excitement still there? Kali Hays Technology reporter 11 minutes ago SpaceX investors have swung from celebration to apparent concern in its first month as a publicly traded company. When shares in the firm, co-founded and led by Elon Musk, first became available for individuals to buy on the&hellip; <a class=\"more-link\" href=\"https:\/\/260web.com\/news\/the-spacex-ipo-made-history-is-the-excitement-still-there\/\">Continue reading <span class=\"screen-reader-text\">The SpaceX IPO made history. Is the excitement still there?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":4797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-4798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/4798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/comments?post=4798"}],"version-history":[{"count":0,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/4798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media\/4797"}],"wp:attachment":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media?parent=4798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/categories?post=4798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/tags?post=4798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}