SpaceX (SPX) stock has fallen to approximately $107, a 52% drop from its all-time high of $225.60 following its IPO. Market commentator Crypto Patel highlighted the decline as an expected post-IPO correction, identifying the $50-$70 range as a potential long-term accumulation zone. The company is set to report earnings on August 4, 2026, followed two days later by a major lock-up expiration. Up to 911.5 million insider shares, worth roughly $123 billion at current prices, will become eligible for sale, potentially increasing the public float by 145% to about 1.54 billion shares.
SpaceX stock has dropped from a peak of $225.60 to roughly $107, representing a 52% correction since its IPO debut. Market commentator Crypto Patel stated that the recent price action aligns with his earlier warning that a significant correction could follow the stock’s initial rally.
The stock’s record-high closing price of $201.80 was set on June 16. Crypto Patel emphasized that SpaceX is now approaching the $50-$70 range, which he views as a potential accumulation point. He compared this to historical tech corrections, noting that “Amazon once fell 95%, Nvidia declined 90%, Apple dropped 82%, Tesla lost 75%, and Microsoft experienced a 70% correction before later recovering.”
SpaceX will release its earnings on Aug. 4. Two trading days later, a major lock-up period will expire, allowing up to 911.5 million insider shares, worth roughly $123 billion at current prices, to become sellable.
For comparison, only about 629 million shares were publicly floated during the IPO. If all shares become sellable, the public float would increase by approximately 145% to around 1.54 billion shares. While not all shares will be sold immediately, the increased supply could significantly exceed the company’s original public float.
