SPCX Stock Falls Back to IPO Price
SPCX stock slid back to its $135 IPO level as 185M shares were short and short sellers held an estimated $8.7 billion, raising near-term selling risk.
KEY TAKEAWAYS
- SPCX stock slipped back to its $135 IPO level after an initial debut rally.
- About 185 million shares were sold short, roughly 29% of the publicly tradable float.
- Short sellers held an estimated $8.7 billion in paper profits, amplifying near-term selling pressure.
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SpaceX’s SPCX stock slipped back to its $135 IPO level on July 15, 2026, reversing an initial rally as large short positions accumulated, testing Wall Street’s longer-term AI-driven growth thesis.
Shares Retreat to IPO Price Amid Volatility
SpaceX completed its initial public offering on June 12, 2026, listing on Nasdaq under the ticker SPCX at $135 per share. Since then, the stock has fallen below that level, hitting an intraday low of $132.15 before recovering to close at $135.27. Its recent inclusion in the Nasdaq 100 index has not yet stabilized the price.
Heavy Short Interest Amplifies Selling Pressure
Short sellers have built positions totaling about 185 million shares, roughly 29% of the publicly tradable float as of July 16, 2026. These investors hold an estimated $8.7 billion in unrealized gains since the IPO, creating strong incentives to maintain selling pressure as the stock retraces early gains.
This heavy short interest has coincided with the share price pullback. While Wall Street remains broadly constructive on SpaceX’s longer-term growth prospects tied to AI infrastructure, the post-IPO price reset and large short positions are likely to keep volatility elevated in the near term.
