SpaceX’s Massive Valuation Drop

• SpaceX (NASDAQ:SPCX) plunged in value, losing approximately $283 billion last week, overshadowing Boeing Co.‘s (NYSE:BA) entire market cap of $169 billion.
• SPCX has faced increased bearish pressure, with short sellers ramping up bets against the company as its stock fell below its IPO price.

Investor Sentiment and Market Reactions

• SpaceX’s stock has dropped nearly 40% from its post-IPO high, raising questions about investor focus and timeline.
• Despite the selloff, some analysts argue that investors may be asking the wrong questions about SpaceX’s long-term potential and market positioning.

SPCX Technical Analysis

SPCX is currently positioned well below its 20-day simple moving average, indicating a bearish trend. The stock’s price is 17.4% below this moving average, suggesting that traders should be cautious as the momentum remains weak.

The RSI sits at 31.98, which is considered neutral but has recently dipped into oversold territory on July 7, 2026. This oversold condition could imply a potential rebound, but traders should watch for confirmation before acting.

SPCX Stock Price Activity: SpaceX shares were down 2.37% at $121.05 at the time of publication on Monday, according to Benzinga Pro data.

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