Back to today’s briefing

Story perspectives

SPCX Falls 11% Below IPO, Price May Dip Under $100

7/21/2026

48 9 Full Breakdown

Summary

Story summary

SPCX shares closed at $119.85 on July 21, 2026, 11% below the June IPO price of $150.
Market cap stays near $1.6 trillion despite $19 billion in sales and a $4.9 billion net loss last year.
The Motley Fool’s Stock Advisor left SPCX out of its ten 2026 picks, calling it overvalued with weak fundamentals.
Analysts expect the price may fall below $100 by year-end as lock-up expirations and high expectations pressure it.

History

Historical Context

Facebook filed its S-1 on Feb 1 2012 and priced 38 USD shares on May 18, raising 16 billion dollars—the third-largest U.S. IPO. Technical glitches on Nasdaq and a 19 % first-day drop sent the stock below the offer price, prompting lawsuits and regulatory probes of underwriters such as Morgan Stanley. The episode set a precedent for tighter IPO disclosure and pricing discipline.

1 of 2

Story summary

SPCX shares closed at $119.85 on July 21, 2026, 11% below the June IPO price of $150.
Market cap stays near $1.6 trillion despite $19 billion in sales and a $4.9 billion net loss last year.
The Motley Fool’s Stock Advisor left SPCX out of its ten 2026 picks, calling it overvalued with weak fundamentals.
Analysts expect the price may fall below $100 by year-end as lock-up expirations and high expectations pressure it.

1 / 2