SpaceX shares decline below their IPO reference price as investors look ahead to an upcoming lockup expiry, according to multiple reports. The stock trades lower after falling intraday to about $132.15 and closing around $135.27 on Wednesday, July 15, 2026. Analysts cited by outlets describe the impending expiration of insider restrictions as a potential source of increased supply in the market, which could contribute to further volatility and affect SpaceX’s valuation in the coming months.
Some commentary in the coverage notes that expectations for SpaceX’s businesses, particularly Starlink’s internet service, continue to support investor interest. While the near-term trading move is negative—at least relative to the IPO price—sources also indicate that parts of the analyst community remain largely constructive. In parallel, broader media summaries highlight the size of wealth effects and ongoing debate between market participants about risk versus the company’s underlying revenue drivers, though specific estimates and commentary vary by outlet.
