--- title: "SpaceX Stock Plunges to All-Time Low After Competitor Makes Major Leap" description: "Shares of Elon Musk's SpaceX took another beating when trading resumed on Monday, sliding to an all-time low of just under $139." date: "2026-07-13" modified: "2026-07-13" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor" url: "https://futurism.com/space/spacex-stock-all-time-low-competitor-leap" categories: - "Elon Musk" - "Future Society" - "Off-World" - "Space" - "SpaceX" - "The Industrialists" --- # SpaceX Stock Plunges to All-Time Low After Competitor Makes Major Leap ![A colorful photo illustration featuring Elon Musk in profile.]() *Illustration by Tag Hartman-Simkins / Futurism. Source: Benjamin Fanjoy / Getty Images; Shutterstock* Shares of Elon Musk's SpaceX took another beating when trading resumed on Monday, sliding to an all-time low of just under $139, well below its IPO opening price of $150. It's now over 38 percent down from its all-time high of $225 three weeks ago, illustrating how rapidly the hype has inverted into widespread skepticism over Musk's vision. Following a blockbuster Wall Street debut, the space company has [struggled to maintain any degree of momentum]() as investors continue to ask some very hard questions, including over its major pivot to orbital data centers and its near-term profitability. Despite being valued at almost two trillion dollars, the company lost nearly $5 billion last year. Shares have [hovered below]() the company's opening price for weeks now, despite [plenty of bullishness]() among analysts. The news comes just days after Chinese state-run media showed a Long March 10B rocket booster [being caught by an offshore recovery platform](), indicating the country was making major strides in catching up with SpaceX's reusable rocket tech. Over the weekend, an [experimental Japanese reusable rocket safely took off and landed](), suggesting the nation may be right behind China as well. Beyond some steepening international space launch competition, experts believe SpaceX's transformation into an "AI play" may be closely related to its Wall Street woes, as the [*BBC* reports](). "Everyone saw SpaceX as an AI story," CFRA investment research analyst Keith Snyder told the broadcaster. "With Elon Musk, any company he touches gets people excited," he added. "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." How SpaceX will cover its enormous losses and start actually making some money — not to mention, prove that orbital data centers [don't just make sense but are even feasible to begin with]() — remains a major point of contention. In short, the initial enthusiasm surrounding SpaceX's IPO is firmly behind us. "If you bought around the first tick you're definitely underwater," Snyder told the *BBC*. "It started to look a lot like a meme stock." "If you're an IPO investor, you're ok," Mergermarket analyst Samuel Kerr added. "If you bought in the first few days, you're not very happy right now." Investors remain sharply divided on where SpaceX shares are headed next. Many analysts from major investment banks remain bullish, expecting the stock to make massive gains. Case in point, Morgan Stanley [believes]() the company will reach a price tag of $300 — far more than double its current stock price. Snyder has a far more muted outlook, expecting SpaceX to fall down to just $115 a share. Meanwhile, Musk has [said]() he thinks "SpaceX will be worth more than the rest of Earth if we accomplish our goals," a characteristically [ambitious and perhaps delusional argument]() that assumes a *lot* of things will go right for the company. Whether investors will buy into this lofty vision remains to be seen. Given its recent stock performance, it's far from a guarantee. "If SpaceX can do all the things it says it will do, yes, investors are sitting on the most valuable company ever," Kerr told the *BBC*. "But it's got a lot of work to do to get there." **More on SpaceX:** [*Elon Musk Says His Goal Is for SpaceX to Be Worth More than the Entire Earth*]() ## Author I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida. ### Author social links [Bluesky]()