Record Launch Output Meets Relentless Selling Pressure as SpaceX Stock Sinks 32% in a Month
Published on 07/16/2026 at 14:33 | Redaktion boerse-global.de
SpaceX is firing off rockets at an unprecedented pace, yet its stock keeps falling. The company’s shares closed near €117.80 on Wednesday, just 1.87% above their 52-week low of €115.70 set the day before. Over the past 30 days the stock has shed more than 32% of its value, dragging it below the initial public offering price of €135 for the first time.
The sell-off comes despite an extraordinary stretch of operational milestones. Between July 13 and 14, SpaceX launched two Falcon 9 missions from opposite US coasts within eight hours, deploying 56 Starlink satellites. The second of those flights marked the 600th time a previously flown Falcon 9 booster had been used — a milestone that underscores how routine reuse has become. On Thursday, the company is set to double down with two launches in a single day: the 13th integrated flight test of its Starship megasystem and a separate Falcon 9 mission from California.
Starship’s ascent is the headline event. This is the second outing for the V3 version of the rocket, which debuted in May with a larger fuel tank, upgraded avionics, and the plumbing needed for future in-space propellant transfers. For the first time, the upper stage will carry a live payload: 20 of the new Starlink V3 satellites. Once in orbit, they are expected to deploy solar panels and antennas, link via laser to the existing Starlink constellation and a ground station in South Africa, and then — after proving their functionality — intentionally burn up in the atmosphere. The test is purely an engineering exercise, not a network expansion.
SpaceX engineers have also focused on two weak points from earlier flights: the booster’s relight during the return burn and the stage separation sequence. The heat shield has been modified with white tiles designed to simulate missing segments, serving as reference points for real-time video analysis during re-entry. The Federal Aviation Administration, which completed its investigation into the anomaly that occurred during Flight 12, has cleared the launch.
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Simultaneously, a Falcon 9 carrying 21 communications satellites for the Space Development Agency will lift off from Vandenberg Space Force Base. The mission, part of the Tranche 1 Transport Layer E contract, will provide secure links for the US military and its allies. The booster, designated B1103, is set to land on a drone ship in the Pacific.
The intense activity has done little to steady investor nerves. The stock’s relative strength index stands at 39.2, signaling an oversold condition, while the annualized 30-day volatility of 93.63% points to extreme nervousness. Deutsche Bank reaffirmed its Buy rating on July 14 with an unchanged price target, but the market remains skittish. Ark Invest, however, bought roughly $52.1 million worth of SpaceX shares across four of its funds in the week ending July 10, betting on a longer-term recovery.
On the consumer front, Starlink introduced a new V5 customer terminal on July 14. The kit is smaller and lighter than its predecessor, draws only 35 to 50 watts of power, and — paired with a Wi-Fi 6 router — can deliver peak speeds above 375 Mbps.
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Why the disconnect between operational prowess and stock price? Market observers point to profit-taking after a hefty run-up, valuation concerns, and a broad shift away from companies seen as tied to artificial-intelligence themes — an area in which SpaceX is increasingly active. Yet even after the slide, the company’s market capitalization remains roughly €1.675 trillion.
Thursday’s dual launch could serve as a near-term sentiment test. A clean deployment of the Starlink V3 satellites and a stable booster landing might calm some of the jitters. Another failure in engine ignition or stage separation would only deepen doubts about SpaceX’s already aggressive timelines for the Artemis lunar missions and the continued expansion of Starlink.
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