Why Is SPACE EX TECH SPACEX A (SPCX) Stock Down Today?

Why SPCX stock is down today

SPCX stock closed down 1.43% at $132.09 after opening higher with a 1.1% gap. The stock has traded in a volatile range during the session, reaching a high of $135.75 before falling to a low of $131.22. The decline comes amid a broader sell-off in the space sector and a growing number of bearish analyst calls.

What Happened

The stock opened at $135.53 after the prior close of $134.00 but quickly reversed course as selling pressure increased. The session has seen 12.2 million shares traded, above the average volume. The decline follows a 4.05% drop to $134 on the previous trading day, which marked a new 52-week low. Coverage of the stock has surged in the last 36 hours, with 90 stories from 19 sources highlighting concerns about the company’s valuation and long-term prospects. Recent analyst commentary has been bearish, with one firm suggesting the stock could fall 25%. Meanwhile, Elon Musk, who holds a 10% stake in the company, sold shares on April 2, 2026.

What The Data Shows

The stock has moved up 2.0% over the last eight sessions, but this has not translated into improved fundamentals. The company remains unprofitable with a trailing twelve-month EPS of -2.27 and a net margin of -35.7%. The 52-week range of $104.83 to $225.64 shows a wide dispersion of prices, and the stock has printed 44 fresh 52-week lows on August 21. Options activity has been skewed toward puts, with $612.9 million in put premiums versus $87.4 million in call premiums. Retail traders on Reddit and Twitter have expressed mixed views, with some calling the stock oversold while others highlight concerns about SpaceX’s competition in the AI and space sectors.

What To Watch

The stock is currently without an announced earnings date. Investors should monitor coverage breadth and any new analyst commentary, as well as unusual options activity, for further signals of market sentiment.