Key Highlights

  • SpaceX (NASDAQ:SPCX) closed at USD 134.72 on October 30, 2026, down 6.37 percent on the day and just below its USD 135 IPO price, according to published market data.
  • Up to 1.3 billion shares became eligible for sale on October 22, and another Tranche of up to 797.6 million shares is due in early December, while Elon Musk's stake stays locked until June 2027.
  • The stock peaked at an intraday USD 225.64 on June 16, so USD 134.72 is about 40 percent lower, simple arithmetic on two published prices.
  • Fitch has reported USD 89.9 billion of Liquidity against USD 38.0 billion of total debt, which points to a valuation and Supply debate and not a Solvency one.

From Record Debut to the IPO Price

SpaceX (NASDAQ:SPCX) raised about USD 75 billion in the largest Nasdaq debut on record and opened near USD 150 on June 12, 2026. Published accounts give the Offer Price as USD 135, and the intraday high of USD 225.64 came on June 16. Since then the shares have slid through the offer price. The October 30 close of USD 134.72 came as the Nasdaq Composite lost about 2.9 percent, and the day's low was USD 134.50. Earlier estimates put the Market Value above USD 2 trillion near the peak, but the exact value on October 30 depends on a share count that published accounts do not state consistently, so no figure is given here.

Why the Unlock Matters

A lockup is an agreement that stops early investors and insiders from selling for a set period. When it ends, a large block of stock can reach the market at once, which adds supply even if the Business is unchanged. The October 22 unlock covered up to 1.3 billion shares, and more is scheduled for early December. Analysts tracked by MarketBeat have a consensus target of USD 244.97 from 46 firms, well above the price, but targets lag moves and are not forecasts. Bank of America has warned that Chinese antimonopoly authorities could block a reported SpaceX and Tesla merger, a deal that is reported and not confirmed by either company, so its terms and timing are unknown.

Risks and What to Watch

Traders are watching USD 140 as the level to reclaim and USD 134.50 as the recent low, with USD 120 and USD 150 as the bear and bull reference points, according to published market commentary. Supply from December unlocks, Merger uncertainty and the broader technology sell-off are the main pressures. Fitch's liquidity and Debt figures reduce Balance Sheet worry, but they do not explain valuation. The midterm elections on November 3 and the jobs report on November 6 at 8:30 a.m. ET can move risk appetite. SpaceX (NASDAQ:SPCX) has only months of trading history as a public company so there is little record to anchor expectations, and prices can overshoot in both directions.

Where Things Stand

The biggest IPO ever closed below its offer price because new supply met a weaker market, not because the balance sheet cracked. SpaceX (NASDAQ:SPCX) finished at USD 134.72 after losing about 40 percent from its June peak, and a second unlock of up to 797.6 million shares is due in early December. Analyst targets sit far above the price, yet they have not stopped the slide. The next catalysts are the December unlock, any merger news and the general direction of technology stocks.