--- title: "SpaceX Stock Has Officially Fallen All the Way Down to the Low $170s" description: "SpaceX's shares have been in steady decline, wiping out most of last week's gains. The stock slipped by almost ten percent on Thursday alone." date: "2026-06-18" modified: "2026-06-18" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor" url: "https://futurism.com/space/spacex-stock-fallen-down-170s" categories: - "Space" - "SpaceX" --- # SpaceX Stock Has Officially Fallen All the Way Down to the Low $170s ![A colorful photo illustration featuring a photograph of SpaceX CEO Elon Musk.]() *Illustration by Tag Hartman-Simkins / Futurism. Source: Harun Ozalp / Anadolu via Getty Images; Shutterstock* At first, it felt like the sky was the limit. After its blockbuster Wall Street debut on Friday, SpaceX shares spiked dramatically as pent-up demand pushed the stock up to the $220s per share. But investors are Elon Musk's rocket company soon started asking some tough questions, with [shares falling into steady decline]() this week, wiping out most of those initial gains. Shares slipped by almost five percent on Wednesday. By around noon on Thursday, the situation didn't look much better, slumping another almost ten percent after a [bruising night](). At the time of writing, shares are hovering around the $173 mark, down over 20 percent over its all-time high on Tuesday. The elephant in the room remains SpaceX's enormous multitrillion-dollar valuation. Unlike [most of the other ventures]() on the list of the world's most valuable businesses, SpaceX is *losing* billions of dollars a year. Its merger with Musk's AI startup xAI has saddled it with even more losses. Put simply, an investment in SpaceX is either a vote of confidence in Musk's lofty vision of the distant future — or a risky get-rich-quick scheme. "The stock is called SpaceX, but it might as well be called Elon Musk," [*CNBC* host Jim Cramer quipped]() earlier this week. "There is no way this company, which could see losses for many years, deserves such a high valuation on its own. It only gets there because it's run by Musk." Even analysts who maintain an optimistic buy rating of SpaceX are wondering what's going on, as [*Bloomberg* reports](). Nonetheless, many remain bullish. Today, investment bank Oppenheimer upped its price target from $190 to $250, citing SpaceX's acquisition of AI coding company Anysphere. SpaceX "owns every layer of the AI stack, giving it cost and quality advantages," Oppenheimer analyst Timothy Horan [told *Investing.com*](). One interesting aspect of SpaceX's IPO to watch going forward is Musk's EV maker, Tesla, whose enormous valuation similarly rests largely on [good faith and not business fundamentals](). The carmaker's shares have also been facing a downturn since SpaceX went public, sliding 1.4 percent over the past five days. Both companies are tied to confidence in Musk's extremely ambitious visions, from humanoid robots taking a central role in the labor market to a massive constellation of data centers — both unproven concepts with immense technical challenges standing in their way. Nobody knows where SpaceX will go from here, but if there's one thing investors can be sure of, it's that the volatility has only just begun. **More on SpaceX:** [*SpaceX Stock Had Quite a Bad Night*]() ## 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]()