SpaceX shares dip below $125 before 2026-2027 lockup

SpaceX’s stock is trading below $125 per share just two months after its public debut, raising a key question for investors: is now the right time to buy or should they wait?

The company’s recent second-quarter earnings release offered a rare glimpse into its finances without the hype of an IPO roadshow. But SpaceX is still in a volatile early phase. Unlike Tesla, which went public in 2010 with only about 1,000 cars sold, SpaceX is already a mature player with proven rocket launches and satellite contracts. Still, Elon Musk’s track record with Tesla—where the stock rose less than 16% in its first year—suggests patience may be wise.

A bigger risk is the wave of insider lockup periods expiring between 2026 and 2027, which could flood the market with new shares. That supply could push prices down further even as the business grows. Investors shouldn’t assume early gains; Tesla took years to hit its stride.

Given these factors, the smart move may be to wait. SpaceX’s fundamentals are stronger than Tesla’s were at IPO, but the stock’s first year has already shown choppy trading. History says rushing in isn’t necessary—and missing early gains rarely matters in the long run.