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SPCX Stock Slides As Post‑IPO Selling And ESG Concerns Mount

JACK KELLOGG•UPDATED JUN. 26, 2026, 9:19 AM ET
Reviewed by Ellis Hobbsand Fact-checked by Matt Monaco

Space Exploration Technologies Corp. stocks have been trading down by -2.14 percent after reports of a major Falcon rocket launch delay.

Key Takeaways

  • SpaceX is reportedly likely to go public on 2026/06/12, with its IPO expected to pressure broader equity markets as index funds rebalance to accommodate the new listing.
  • SpaceX is preparing for an IPO at a targeted $1.75 trillion valuation, which short seller Jim Chanos criticizes as unjustifiable based on five‑year projections and extreme revenue multiples.
  • SpaceX stock fell 1.8% after gains from its record‑setting IPO, with Michael Burry saying the company’s put options remain too expensive, signaling pricey downside protection.
  • Recent trading shows SPCX down 16.4% in one session, followed by a further 4% premarket slide and separate pre‑market drops of 3.6% and 4.7%, reflecting intense sustained selling pressure.
  • SpaceX stock also fell 3.8% after MSCI gave it a triple‑C ESG rating, the lowest possible score, adding non‑financial headwinds right after the $75B IPO.

Candlestick Chart

Live Update At 09:18:16 EDT: On Friday, June 26, 2026 Space Exploration Technologies Corp. stock [NASDAQ: SPCX] is trending down by -2.14%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

SPCX is trading like a classic momentum name after a hyped IPO, with price action leading the story. Over the past several sessions, SPCX ran from $150 on 260612 to a high of $225.64 on 260616, then started bleeding lower. By 260625, SPCX closed at $153, giving back essentially the entire ramp and signaling a broken short‑term uptrend.

On the intraday tape, SPCX is stuck in a tight band around $150–$152 in premarket and early trading, showing muted bounces after heavy selling. That tells traders dip‑buyers are cautious and shorts remain in control. For a high‑beta name like SPCX, that kind of flat premarket after a major slide often means consolidation before the next big move, not necessarily a clean reversal.

More Breaking News

Fundamentals show a company still burning cash. SPCX generated $4.694B in quarterly revenue but posted a net loss of about $4.276B and an operating loss near $3.83B. Free cash flow was roughly -$9.06B in the latest quarter, even with $1.047B in operating cash flow, because capital spending and investments are massive. Returns on equity and assets are negative, and pretax profit margin sits near -91%. For traders, that combination—huge growth, heavy losses, and a towering valuation—creates a playground for volatility, not stability.

Why Traders Are Watching SPCX Now

SPCX is sitting in the crosshairs of every active trader because the narrative is huge and the tape is brutal. Space Exploration Technologies Corp., trading via SPCX, is lining up one of the most closely watched IPO timelines in years, reportedly targeting 2026/06/12 for its debut and a $1.75T valuation. That kind of number draws in big money, but it also puts a bullseye on the chart.

Short seller Jim Chanos has already called that valuation unjustifiable based on reasonable five‑year projections and extreme revenue multiples. When a high‑profile bear publicly questions the math, a lot of systematic and discretionary trading desks take notice. SPCX becomes less of a story stock and more of a battleground.

The battleground is already visible on the tape. SPCX logged a crushing 16.4% decline in one session, then another 4% drop premarket the very next day. Earlier, traders saw a 3.6% slide followed by 4.7% down premarket. That is not normal post‑IPO noise; that is a liquidation cascade. On top of that, SPCX fell 3.8% after MSCI slapped the company with a triple‑C ESG rating, the bottom of the scale. ESG‑mandated funds now have a reason to stand aside, and sentiment around SPCX weakens further.

Options are sending a similar warning. After the record‑setting IPO pop, SPCX slipped 1.8%, while Michael Burry noted that SPCX put options are still too expensive. When downside protection is pricey despite a selloff, it usually means the street expects more turbulence. Combine that with a broader risk‑off tone on WallStreetBets—where most popular names are red premarket—and the setup for SPCX is clear: crowded story, souring mood, and a chart that rewards nimble traders, not bag‑holders.

Conclusion

For active traders, SPCX is a live fire exercise in how sentiment can flip on a high‑profile name. The company’s targeted $1.75T valuation, aggressive spending, and negative margins leave very little room for disappointment. When voices like Jim Chanos question the math and MSCI tags the stock with a triple‑C ESG rating, that air pocket under the price becomes obvious on the chart. SPCX’s 16.4% plunge, followed by repeated premarket hits of 4% or more, shows how quickly momentum can unwind once the crowd turns.

Yet this is exactly the kind of environment momentum traders study for years. SPCX’s wild swings, deep liquidity, and intense WallStreetBets focus offer both opportunity and danger. The daily chart now looks like a broken parabola, with SPCX round‑tripping its earlier run near $225 back toward the $150 area. Until SPCX proves it can hold a support zone and absorb selling, rallies are guilty until proven innocent.

As Tim Sykes loves to remind traders, “Discipline is the only thing that saves you when the market turns on your favorite stock. Cut losses quickly, don’t believe the hype, and always let the chart confirm the story.” As millionaire penny stock trader and teacher Tim Sykes, says, “You must adapt to the market; the market will not adapt to you.”. SPCX is giving a real‑time lesson in that rule. For now, the stock remains a prime educational case study in post‑IPO volatility, crowded expectations, and why risk management comes first.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

Dive deeper into the world of trading with Timothy Sykes, renowned for his expertise in penny stocks. Explore his top picks and discover the strategies that have propelled him to success with these articles:

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The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”