SpaceX hit by share flood as stock trades at lows

SpaceX: the share flood arrives with the stock at its lows

How can a stock lose nearly 8% in a single session and still face a flood of new shares hitting the market the very next day? That is the situation SpaceX finds itself in: the company that went public to buy Cursor outright now faces the arrival of a block of shares investors have been waiting days to pounce on. The stock is trading at its lows and selling pressure, far from fading, is hedging ahead of what may happen when the calendar marks the landing.

The deal has all the hallmarks of placements that age badly. The owners sold their shares in the IPO and, just days later, the price is already trading below what buyers paid. Some read it as a simple chronicle of a transfer foretold: money from retail investors to the organizers, with the fascination for rockets doing the dirty work. The scene is perfect: while some see the ideal entry at levels near 90, others double down on caution and take cover before the flood arrives.

It is not all bad news. The optimistic view recalls that the infrastructure rental business, the lack of competition in space launches and the AI leg support a long-term thesis that is hard to ignore. If defense deals start raining down, they say, current prices will look like a bargain. But between waiting for October and jumping in early there is a distance not even the best rocket can shorten.

The question is not whether the stock will find a floor, but who came up with the idea that an IPO exists to make latecomers rich. The owners already cashed out.