Will SpaceX Plunge Below $100 Before the End of 2026? History Provides a Decisive Answer.

SpaceX's IPO raised a record $85.7 billion in June 2026, with shares trading at $162, up 20% from the $135 IPO price. However, historical analysis suggests the stock could plunge below $100 by end of 2026. Large-scale tech IPOs have averaged a 55% year-one drawdown, SpaceX has an extremely low initial float that will expand significantly as insider lockups expire, and its P/S ratio of 114 is unsustainably high compared to other innovation-driven companies.