SpaceX has slid to $108 from its $135 IPO price. Will the stock close below $100 on Aug 7?
56% of users predicted NO — the community got this one right. 27 predictions cast.
SpaceX (SPCX) closed well above $100 a share on August 7, 2026, resolving the question no. The stock, which had fallen to around $108 from its $135 initial public offering price, instead rallied, closing up about 6.1% and touching an interim high of $126.71 during the session, with turnover of roughly 255 million shares. The rally followed several catalysts converging on the same day: the company's first-ever quarterly earnings report showed a revenue beat, the initial post-IPO lock-up on roughly 911.5 million shares, worth close to $100 billion, expired on August 6 without triggering the feared wave of selling, and SpaceX detailed plans for a $16.8 billion first phase of a joint AI-chip manufacturing complex, dubbed Terafab, in Texas. Reports also emerged that SpaceX's roughly $60 billion deal to acquire AI coding startup Cursor could close within days. Together, the news flow reversed recent pressure on the stock rather than extending its post-IPO slide toward $100. The community had priced a 44% chance the stock would close below $100, meaning a slim majority correctly leaned toward no.