SpaceX shares hit an all-time low of $132.75 on July 15, dipping below the June 12 IPO price of $135 for the first time. The stock had surged to $225.64 by June 16, a 40% gain in four days, but the entire rally evaporated in less than five weeks. SpaceX disclosed 18,712 Bitcoin on its balance sheet as of March 31, 2026, valued at $1.29 billion then and roughly $1.18 billion now, making it one of the largest corporate Bitcoin holders. Analysts maintain a bullish average price target of $242, but the stock faces a 911.5 million share lockup overhang. The Bitcoin position adds a unique risk, as both the stock and Bitcoin have moved downward together.
Space Exploration Technologies Corp. Class A Common StockStock fell below IPO price due to lockup overhang and Bitcoin holdings adding pressure.