With SpaceX now below its IPO price, will there be a 'dead rocket' bounce to finish higher next week?
54% of users predicted NO — the community got this one right. 35 predictions cast.
SpaceX shares (NASDAQ: SPCX) continued sliding through the week ending Friday, July 24, 2026, trading between roughly $110 and $118 and remaining about 13% below the company's $135 initial public offering price, with an all-time low of $110.85 touched on July 23. There was no "dead rocket" rebound; the stock instead extended its post-IPO decline into the close.
Pressure intensified after HSBC initiated coverage of the stock with a Hold rating and a price target below the IPO level, adding a bearish data point for investors weighing SpaceX's near-term launch cadence and spending against its long-term growth story. A broader market pullback tied to rising oil prices and tech-sector weakness during the same week added further drag on richly valued names.
The community correctly anticipated this outcome: only 46% expected a bounce to a higher weekly close, and the narrow majority who doubted a rebound was proven right. SpaceX's stock performance since going public has drawn heavy attention given the company's profile, and the continued weakness below its IPO price kept scrutiny on the shares heading into the following week.