Investors who bought SpaceX (NASDAQ: SPCX) stock during the August recovery rally have yet to fully recover their losses despite a strong rebound over the past month.
This is evident in the performance of a $10,000 investment made on July 6, 2026. With SpaceX shares trading at $160 at the time, the investment would have purchased 62.5 shares.
At the current price of about $147, that stake is worth approximately $9,188, representing a loss of roughly 8%.
Notably, SpaceX has experienced sharp swings since its June 2026 initial public offering. After debuting at $135 per share, the stock surged above $225 during its first weeks of trading as investor enthusiasm pushed the company’s valuation beyond $2 trillion.
The rally proved short-lived as shares retreated throughout July and eventually fell to a post-IPO low near $105 in early August. Since then, buyers have returned, helping the stock recover into the mid-$140 range.
While the rebound has been significant, the stock remains below both its July trading level and its post-IPO peak.
The sell-off was driven by concerns over elevated valuation levels, heavy spending on artificial intelligence infrastructure, and insider selling pressure following lock-up expirations.
SpaceX positive fundamentals
Investor sentiment improved after the company reported strong second-quarter results. Revenue climbed 92% year-over-year to $7.8 billion, while adjusted EBITDA jumped 191% to $3.5 billion.
Starlink remained a key growth driver, with subscribers reaching 12 million and SpaceX securing more than $6 billion in new Starshield government contracts during the quarter.
The company’s artificial intelligence segment is also gaining traction. AI solutions and infrastructure revenue reached approximately $2.7 billion in the second quarter, reinforcing investor interest in SpaceX’s long-term compute ambitions.
Meanwhile, a key near-term catalyst is Starship Flight 14, expected as early as mid-September. The mission could mark the program’s first orbital deployment of operational Starlink V3 satellites, a milestone closely watched by investors.
At the same time, markets are monitoring upcoming post-IPO lock-up expirations, which could release hundreds of millions of additional shares for trading and create short-term selling pressure.
Featured image via Shutterstock
