Space Exploration Technologies shares fell more than 8% in after-hours trading following its first earnings report as a public company, and one historical comparison suggests the stock could bottom around $63 if it follows a trajectory similar to Facebook’s rocky post-IPO debut. SpaceX reported second-quarter 2026 revenue of $7.8 billion, a 92% jump from the prior year, with its AI division tripling revenue to $2.6 billion and Starlink revenue climbing 66% to $4.3 billion, while capital expenditures rose by $2.8 billion to $18.4 billion. CEO Elon Musk also moved up the company’s $1 trillion revenue target to 2030 from 2031. The article notes that Facebook’s stock dropped 53% in its first four months as a public company before bottoming and then surging 140% over the next 12 months and 3,250% through July 2026, implying a similar 53% decline from SpaceX’s $135 IPO price would put shares at roughly $63.
