Images of SpaceX (NASDAQ: Image of SPCX) could drop as low as $100 by mid-August 2026 if the post-IPO selloff continues, according to current research.
The SpaceX property predictions, published on TradingView on June 23 at TradingShotIt comes after shares extended their biggest decline, down more than 28% from a June 16 high of $225.
The stock has already broken below the 0.786 key Fibonacci transition level, the development itself TradingShot they believe that it increases the chances of reproduction.
SPCX stock next big support
Based on chart analysis, TradingShot he identified $150 as the next largest share of support, equal to SpaceX’s initial IPO price. However, the analyst noted that a deeper correction remains possible as the stock works through its first major pullback.
According to TradingShot Theoretically, SpaceX’s long-term accumulation point starts at the company’s IPO price of $135 and reaches an average of $113.
The analysis shows a long-term buy position among those shares, representing a 50% decline from the post-IPO peak.
In addition, this analysis makes a move to $100 through a 2.0 Fibonacci retracement. Expectations put this around mid-August 2026, although the analyst sees it as less than a return to $113-$135.
At current levels of around $154, a drop to $100 would represent a 35% drop.
Images of SpaceX completed a major IPO on June 12, raising about $75 billion at a price of $135 per share. The stock opened at $150 and quickly rose to more than $225 in its first trading days, bringing its value to nearly $3 trillion.
However, by the close of trading on June 22, shares had erased most of their post-IPO gains after three consecutive quarters of losses.
Investors they have been questioning whether the company’s valuation would be justified given its financial history and long-term expansion plans.
Why SpaceX stock is falling
A number of factors have raised concerns, including profit-taking after the initial excitement of the IPO, concerns about disruption following the company’s acquisition spree, and skepticism surrounding its AI and real estate strategy.
The company also announced a bond offering despite having a surplus of cash, sparking controversy over future demand.
Investors also watch for an end to the shutdown that will be linked to SpaceX’s first financial report as a public company.
Additional units are expected to enter the market in late July and early August, which could increase sales if business sentiment remains weak.
As long bulls continue to point Starlink history growth, SpaceX is Controlling the launch of trading, as well as the company’s AI ambitions, TradingShot’s technical characteristics suggest that SpaceX’s value may not have bottomed out yet.
