SpaceX Update: SpaceX Stock Jumps 2.63% After IPO as Tesla Faces Fresh Investor Questions

SpaceX stock climbed 2.63% to close at $152.16 on July 9, 2026. The gain follows a volatile month since SpaceX’s record-breaking Nasdaq debut on June 12. SpaceX shares had touched an all-time low of $145.20 just a day earlier, on July 8. Meanwhile, Tesla investors face fresh questions as merger speculation between the two Elon Musk companies gains traction on Wall Street. Both stocks now sit under closer scrutiny than at any point since SpaceX went public.

SpaceX’s Rocky Road Since Its Record IPO

SpaceX priced its IPO at $135 per share on June 11, 2026, raising $75 billion in the largest offering ever. Shares opened at $150 the next day and closed up 19.2% at $160.95 on debut. The stock later spiked to an all-time high of $225.64 on June 16, 2026. It then corrected sharply, falling to $145.20 by July 8, a drop of roughly 35% from that peak. SpaceX’s July 9 close of $152.16 marked a 2.63% rebound from the prior session.

• IPO price: $135 per share, raising $75 billion on June 11, 2026.
• First-day close: $160.95, up 19.2% from the IPO price.
• All-time high: $225.64, reached on June 16, 2026.
• Recent low: $145.20, hit on July 8, 2026.

What’s Driving SpaceX Stock Right Now

SpaceX joined the Nasdaq-100 index on July 7, 2026, triggering an estimated $4.3 billion in passive fund inflows. The company posted a net loss of $4.28 billion last quarter, wider than the prior quarter’s $528 million loss. SpaceX’s 2025 revenue reached $18.7 billion, up 33% year-over-year, per its IPO prospectus. Current market capitalization sits between $1.97 trillion and $2.02 trillion. Analysts remain split, with an average 12-month price target of $238.68 against estimates ranging from $62 to $800.

Key SpaceX Metrics Investors Are Watching

• Market capitalization: approximately $1.97 trillion to $2.02 trillion currently.
• 2025 revenue: $18.7 billion, up 33% from the prior year.
• Last quarter’s net loss: $4.28 billion, wider than before.
• Next earnings report: scheduled for August 6, 2026.

Why Tesla Investors Are Asking New Questions

Tesla shares (NASDAQ: TSLA) dipped about 2% on SpaceX’s IPO debut day as attention shifted toward the new listing. Wolfe Research analyst Emmanuel Rosner said a potential SpaceX-Tesla merger has become the primary investment thesis for some Tesla shareholders. JPMorgan called such a merger “strategically coherent” in a July 8, 2026 research note. 

In the weeks leading up to SpaceX’s monster IPO, many Wall Street pros feared the deal represented an existential threat for Elon Musk’s other giant, Tesla. But after a month in the stock market, the outcome is far from clear https://t.co/Ki1tUGYIqu

— Bloomberg (@business) July 10, 2026

Musk already controls more than 80% of SpaceX’s voting power, and a stock-for-stock merger could extend that dominance across both companies. Tesla previously invested $2 billion in xAI before SpaceX absorbed that business.

Merger Speculation Fueling the Debate

• Wolfe Research says merger talk is now a primary TSLA investment thesis.
• JPMorgan describes a potential SpaceX-Tesla combination as strategically coherent.
• Musk holds over 80% voting control, aiding any all-stock deal structure.
• Tesla’s earlier $2 billion xAI investment ties it directly to SpaceX.

SpaceX’s Broader Ownership Picture

Alphabet owns roughly 4.9% of SpaceX, a stake now worth about $105 billion. That position ranks among Alphabet’s most valuable private market investments ever made. Elon Musk personally holds close to 50% of SpaceX shares outstanding. Pre-IPO investors can sell up to 7% of outstanding shares following SpaceX’s first earnings report, raising dilution concerns. Morningstar analysts flagged that ongoing insider selling could add volatility to SpaceX stock through the rest of 2026.

Final Thoughts

SpaceX stock has swung from a record $75 billion IPO to a 35% correction and back to a 2.63% rebound within one month. Tesla investors now weigh merger speculation alongside SpaceX’s own earnings uncertainty ahead of the August 6 report. With Musk’s voting control, Alphabet’s large stake, and looming insider share sales, both SpaceX and Tesla stock face a genuinely uncertain path through the second half of 2026.

Disclaimer:

The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice