SpaceX shares cool after record IPO; stock volatile as index/lock-up dynamics and “rocket-to-AI” expectations reset
SpaceX’s IPO momentum has faded after the debut, with shares down ~17–18% in the first week of trading and Argus initiating coverage with a Hold citing ~95x 2025 sales and index/lock-up pressure. Investors are now weighing volatility, index inclusion mechanics, and SpaceX’s next growth push (including mobile services).