SpaceX Is Pulling Back — Bearish or Buying the Dip?

TigerEvents
06-23

SpaceX’s IPO hype is cooling fast. After opening at $150 per share on June 12, the stock surged in its first two trading days and briefly became one of the most valuable companies in the world. But the rally didn’t last. $SpaceX(SPCX)$

Shares fell 5% and 3.6% on Wednesday and Thursday last week, then dropped another 16% on Monday. That brings SpaceX’s total decline to nearly 24% over the past three full trading days.

So what’s going on? — is this the start of a bigger selloff, or a chance to buy the dip?

On one side, SpaceX is expected to be added to major indexes including FTSE Russell, MSCI, Nasdaq-100, and CRSP over the coming months. Estimates suggest passive funds could bring in roughly $21 billion to $33 billion of buying demand.

On the other side, lockup expirations are also coming. Starting after the August earnings window, more shares may be released in batches, which could create selling pressure. That said, Elon Musk and key shareholders still have about 60% of their shares locked up for 366 days, so the biggest long-term unlock may not hit until mid-June 2027.

SpaceX also announced its first bond offering, and disclosed that it had around $100.8 billion in cash and cash equivalents as of June 19. According to reports, the company is looking to raise about $20 billion, likely to repay bridge financing and support its longer-term AI ambitions, including chips and future space-based data center plans.

Are you bearish on SpaceX after the drop, or are you getting ready to buy the dip?

📓 How to Participate

  • Vote and share your view in the comments.

  • Would you buy now, wait for a deeper pullback, or stay away for now?

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⏰ Event Duration

  • From June 23, 2026 to June 30 2026 at 00:00 SGT

Would you buy now, wait for a deeper pullback, or stay away for now?(Maximum1 votes)
  • Bullish — buying the dip(45 votes)
  • Waiting for a better entry(38 votes)
  • Bearish — still too expensive(44 votes)
  • Just watching for now(26 votes)
SpaceX Hits New Low, Down 35% Since Nasdaq 100 Inclusion — Has the Index Halo Failed?
SpaceX (SPCX) fell another 0.78% to near $148, setting a new low — an awkward milestone given its recent addition to the Nasdaq 100 index, with shares now down 35% from their peak. Media have repeatedly questioned: "It dropped 35% just one day after joining the Nasdaq 100 — is this a buyable dip?" Millions of ETF investors now hold SpaceX passively through index inclusion, amplifying the selloff's reach. Is this deep pullback a golden entry point, or a valuation reset for an overpriced space stock?
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Comments

  • Ah_Meng
    06-23
    Ah_Meng
    $SpaceX(SPCX)$ even at its IPO price at $135 is super expensive. The price run to $200+ is simply hype generated by Elon fan club together with the rest of the greedy bankers who want a cut of those big profits from this historical “cooked” job! True, SpaceX is one of its kind with also a one of a kind person at the helm. That does not mean we can throw whatever valuation or premium they want. Guess what? Most importantly, its free float is only less than 6% or less than 5% of total share count! If this company is not about share price manipulation, I am not sure what it is… just look at any listed company, if I tell you its free float is only 5% or less, most people if they are not gambling would stay clear. Just because it is SpaceX or Elon Musk!? He is one guy with control freak history with Tesla and he is repeating it, upp that control 100 fold here, and gamblers are flocking to it. I won’t buy SpaceX even if it is at $10 if it stays status quo. Meanwhile, I just enjoy the scene.
  • LMSunshine
    06-24
    LMSunshine
    SpaceX will keep rocketing 🚀🌕 💥🌍 repeatedly because that’s how Musk’s stocks will be. Extreme breakthroughs & extreme disappointments so when all hope is lost, start 🎣 My vote is Wait for a Better Entry below $100
  • Shyon
    06-23
    Shyon
    I’m not bearish on SpaceX long term, but I’m also not rushing to buy the dip yet. The stock had a strong IPO run, and a pullback after such a surge is not surprising. Even after the recent decline, I think there could still be more volatility as the market digests valuation and upcoming share unlock concerns.
    What keeps me interested is the long-term story. SpaceX remains one of the most unique companies in the world, with leadership in launch services, Starlink, AI ambitions, and future space-based opportunities. Expected inclusion in major indexes could also bring meaningful demand over the coming months, which may help support the stock.
    For now, my strategy is to stay patient and wait for a better entry point. I would prefer a deeper pullback or a period of consolidation before building a position. Missing the first bounce doesn’t bother me—I would rather buy at a more attractive risk-reward level for the long term.

    @TigerEvents @Tiger_comments @TigerClub @TigerStars

  • Shop
    06-27
    Shop
    I am staying patient for now. Index inclusion could provide meaningful support for the stock price, but lockup expirations could just as easily offset those inflows. With so many moving pieces, I think discipline matters more than speed. I do not need to buy the exact bottom to make money. I only need a reasonable entry point with an acceptable margin of safety. For now, I am keeping the company on my watchlist and monitoring developments closely.
  • luv2trade
    06-27
    luv2trade
    I like the long-term story, but I am waiting for a better entry point. With lockup expirations approaching, patience may be rewarded.


    Interesting company, but I prefer to wait for the market to digest the IPO excitement and provide a clearer opportunity.


    Still on my watchlist. I am waiting for a more attractive valuation before starting a position.


    The company is strong, but I am staying patient and waiting for the dust to settle first.
  • AhGong
    06-27
    AhGong
    Just watching for now-I would stay away for now, not because I dislike the company, but because I believe the current risk-reward balance is not attractive enough for me. The recent decline shows that excitement alone cannot support a stock indefinitely, especially when expectations and valuations have already reached very ambitious levels. Upcoming lockup expirations may continue to add selling pressure, while investors are still waiting to see whether future growth initiatives can justify the market’s optimism. The company’s plans in AI, chips and space infrastructure sound exciting, but those opportunities may take years to translate into meaningful financial returns. There are many great companies that have struggled after their IPOs because expectations were simply too high. I would prefer to watch from the sidelines and reconsider after the market has had more time to reassess valuation and execution risks involving SpaceX.
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