SpaceX has slipped below its heavily hyped $135 IPO price and has been nearly halved from its all-time high, which was reached during the June 15 gamma squeeze that briefly sent shares above $220 in overnight trading.
Last Thursday's scrub of Starship's 13th test flight added further downward pressure, with shares touching $119 on Monday. The stock rebounded on Tuesday ahead of Thursday's next launch attempt, positioning Flight 13 as a near-term catalyst.
Now targeting to launch Starship’s thirteenth flight test as early as Thursday, July 23 → https://t.co/Rp7VwBzpWx pic.twitter.com/Y0YNzfc5zk
— SpaceX (@SpaceX) July 19, 2026
The last-second abort was triggered after four of the Super Heavy booster's 33 Raptor engines failed to ignite, prompting an automatic shutdown. "To be confident of a good flight, two Raptors will be removed and replaced," Elon Musk wrote on X.
Flight 13 will be the first Starship launch conducted with SpaceX trading as a public company, giving investors direct exposure to the mission's outcome. A successful flight could help restore confidence in the company's stock and bonds, while another failure would likely deepen the latest sell-off.
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