SpaceX Stock Plunges Below IPO Price as AI Investment Skepticism Grows

테크주 | Thu Jul 16 2026 00:00:00 GMT+0000 (Coordinated Universal Time) | 14 sources

SpaceX shares fell below their IPO price, doubts emerged over AI spending returns, and volatility increased across semiconductor and Big Tech stocks.

Analysis

[SpaceX] fell below $135 IPO price with sharp market cap decline ^{[1][2][3][12]}

• Briefly dropped below IPO price about a month after listing
• Fell for four consecutive trading days
• closing at $135.27
• Over $800 billion in market cap wiped out from peak
• Investor enthusiasm cooling ahead of 13th Starship test flight

[SpaceX] faced valuation controversy and diverging analyst price targets ^[4][6][7][9]

• Market cap around $1.8 trillion
• PSR approximately 100x
• 2025 revenue of $18.7 billion with continued net losses
• Deutsche Bank issued Buy rating with $255 price target
• Debate over rebound after roughly 37.5% drop from peak

[SpaceX Starlink] filed FCC application to deploy 100,000 Gen3 satellites ^[8]

• Massive expansion from current ~10
• 400 satellites in orbit
• Targets speed improvement via Very Low Earth Orbit (VLEO) deployment
• At 70 units per week production
• target would take 27 years
• Gen3 satellites are large and require Starship launch vehicle

[Micron] plunged amid AI semiconductor rally ^[5]

• Dropped 7.7% Wednesday to $907.23
• Impact from Warren Buffett's warning on AI speculation
• Supply concerns due to SK Hynix expansion plans
• P/E of 22x with projected 172% annual earnings growth over 5 years

[SK Hynix and Asian Semiconductors] led AI semiconductor rebound rally ^[14]

• SK Hynix rose 8% in Seoul
• US ADRs surged 27%
• Samsung Electronics up 6.27%
• Advantest up 5.83%
• Lasertec up 10.18%
• Tokyo Electron up 4.37%
• VanEck Semiconductor ETF rose 2.5%

[Big Tech (Alphabet, Microsoft, Meta, Amazon)] rallied despite doubts over AI investment returns ^[10][11]

• Alphabet up 3%
• Buffett's personal investment decision revealed
• Microsoft up 2.5% on Citi's bullish outlook for Copilot and Azure
• Meta and Amazon each up 3%
• Jim Cramer pointed out lack of AI monetization evidence

[Alibaba Qwen] confirmed integration with Apple Intelligence in China ^[13]

• Qwen integrated into iOS
• iPadOS
• macOS
• and visionOS
• Received approval from China's Cyberspace Administration (CAC)
• Alibaba ADR up 4% in pre-market trading
• PrismML compressed Qwen from 54GB to under 4GB

Sources

• [1] SpaceX’s stock breaks below its IPO price for the first time. Why it could still fall further. - MarketWatch Top Stories
• [2] SpaceX Shares Briefly Slip Below IPO Price for First Time - Bloomberg Markets
• [3] SpaceX sell-off wipes $1tn from Musk’s rocket group - Financial Times
• [4] Predicting Where SpaceX Is Headed by the End of 2026 - The Motley Fool
• [5] Why Micron Stock Just Dropped Again - The Motley Fool
• [6] SpaceX Stock Is Already Down 37% From Its Peak. Here's What Deutsche Bank's $255 Target Says Happens Next - The Motley Fool
• [7] Bold Prediction: Here's What a $5,000 Investment in SpaceX Will Be Worth in 10 Years - The Motley Fool
• [8] Fantastic News for SpaceX Stock Investors! - The Motley Fool
• [9] Is SpaceX Stock a Millionaire Maker? There Are 2 Things That Will Define That Answer. - The Motley Fool
• [10] Jim Cramer says he needs 'cold hard' proof that AI is paying off - CNBC World Markets
• [11] Jim Cramer questions whether Wednesday's rally in Big Tech will have staying power - CNBC World Markets
• [12] SpaceX stock sinks below $135 IPO price for the first time - CNBC World Markets
• [13] Alibaba’s U.S.-listed shares rise 4% after Qwen AI set to be integrated in Apple Intelligence - CNBC World Markets
• [14] SK Hynix South Korean shares jump 8% as Asia tech stocks rally - CNBC World Markets