SpaceX股价自IPO发行价下跌20%，市值从峰值蒸发逾1.2万亿美元
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SpaceX IPO quiet period ends, Wall Street institutions scramble to upgrade ratings
According to Odaily Odaily, with the end of the 25-day quiet period following SpaceX's (SPCX) June IPO, Wall Street analysts have begun releasing formal research reports, with several major brokerages giving it a positive rating, indicating that institutional investors remain optimistic about the company's long-term growth potential. As underwriters for the IPO, Goldman Sachs and Morgan Stanley both gave SpaceX a buy-equivalent rating. Goldman Sachs analyst Eric Sheridan set a target price of $205, while Morgan Stanley analyst Adam Jonas gave a target price of $300. In addition, Bank of America, Citigroup, Deutsche Bank, JPMorgan Chase, UBS, and other institutions also initiated coverage, giving buy or equivalent ratings. Raymond James Financial gave the most optimistic forecast, with analyst Brian Gesuale initiating coverage of SpaceX with a "Strong Buy" rating and a target price as high as $800, believing that SpaceX will become "one of the most representative industrial infrastructure companies of the 21st century." Analysts believe that the market's optimism about SpaceX is mainly based on its strategic layout in areas such as rocket launches, Starlink satellite internet, and government contracts. At the same time, the company's communications business can provide a continuous source of revenue and support future expansion of launch scale. As of March 31, 2026, SpaceX held 18,712 bitcoins. Wall Street believes that the concentrated coverage following the IPO quiet period provided a window for institutional investors to systematically assess SpaceX's valuation for the first time, and the fact that almost all major institutions simultaneously gave positive ratings is rare for large IPOs. (CoinDesk)
Data: SpaceX transfers Bitcoin again after 6 months, completing an $88 test transaction.
According to Mars Finance, Arkham monitoring shows that a wallet address tagged with SpaceX transferred Bitcoin for the first time in six months. This address sent a test transaction of approximately $88 worth of BTC to another SpaceX-tagged address.
SpaceX's debut on the Nasdaq 100 was lackluster, hitting a new low since its IPO, and US space-related stocks plummeted.
According to BlockBeats, on July 8th, based on BIT (bit.com) market data, SpaceX's performance on its first day of trading on the Nasdaq 100 was poor, closing down 6.83% at $149.47, a new low since its IPO. Space-related stocks in the US generally declined, including: Virgin Galactic (SPCE) down 4.46%; AST SpaceMobile (ASTS) down 7.97%; Rocket Lab (RKLB) down 10.4%; and Redwire (RDW) down 10.12%.
SpaceX's IPO drives record-breaking tokenized stock trading, with on-chain transaction volume reaching $3.86 billion in June.
According to Odaily, driven by the buzz surrounding SpaceX's initial public offering (IPO), the tokenized stock market saw record trading activity in June, with on-chain transaction volume reaching $3.86 billion, a 145% increase from May. Of this, tokenized SpaceX stock accounted for $1.19 billion, representing approximately 31% of the total tokenized stock trading volume in June. Backpack Securities' SPCX token became the most actively traded SpaceX tokenized stock product, with a single-month on-chain transaction volume of $1.08 billion. Data shows that this round of growth was primarily driven by demand for SpaceX-related assets. SpaceX previously completed a record-breaking $75 billion IPO, valuing the company at approximately $1.8 trillion on a fully diluted basis. While traditionally popular assets such as Nvidia, Tesla, the S&P 500 ETF (SPY), and the Nasdaq 100 ETF (QQQ) remained actively traded, none reached the market enthusiasm of SpaceX's tokenized shares. Furthermore, the total market capitalization of tokenized shares rose to $1.53 billion in June, a 6.64% increase from the previous month, marking the 15th consecutive month of growth. (CoinDesk)
SpaceX was officially included in the Nasdaq 100 index this week; historical warnings point to post-inclusion volatility. TeraWulf's Q1 HPC leasing revenue surpassed mining's high-margin annualized revenue of $630 million for the first time.
According to ChainCatcher and BBX data, the world's largest IPO completed its index inclusion milestone yesterday, marking a historic turning point in the valuation logic of mining companies' AI transformation. Key developments are as follows: SpaceX, Inc. (NASDAQ: $SPCX) was officially included in the Nasdaq 100 index this week, becoming the first company in history to have its largest single IPO ($75 billion) included in the Nasdaq 100. CoinDesk also issued a historic warning: "The previous two largest additions to the index—Palantir ($PLTR) in December 2024 and Strategy ($MSTR) in early 2025—both experienced a period of decline after inclusion, rather than initiating a new round of growth." Analysts pointed out that passive funds tracking the Nasdaq 100 completed a "forced buy" at the time of inclusion, and without new fundamental catalysts, the stock price often corrects after the technical buying subsides. SpaceX currently faces specific risks including: a net loss of approximately $4.27 billion in Q1 2026 (primarily due to xAI integration expenses), a $2 billion bond issuance plan, and a 3.4% equity dilution from the $60 billion acquisition of Cursor/Anysphere; Morningstar maintains its fair value estimate of $62 per share, implying a downside of approximately 70% from the current market price. For the market holding SpaceX Bitcoin (18,712 coins, approximately $1.2 billion, custodied in Coinbase Prime), Nasdaq 100 inclusion will trigger larger-scale SPCX holdings by passive funds, further narrowing the indirect exposure of traditional index investors to Bitcoin assets. According to the latest analysis, TeraWulf Inc. (NASDAQ: $WULF) reported $21 million in high-performance computing (HPC) leasing revenue in Q1 2026, accounting for approximately 62% of its total revenue of $34 million. This marks the first time TeraWulf has surpassed Bitcoin mining revenue—a historic reversal in revenue structure since its transformation into an AI/HPC infrastructure company. This represents a 117% increase compared to the $9.7 million in HPC revenue in Q4 2025. The company currently has AI/HPC leases totaling over 522 megawatts signed with Core42 and Fluidstack, with an expected annualized high-margin revenue of approximately $630 million. Its energy mix consists of nuclear power and hydropower, with an average electricity cost of approximately $0.035/kWh, among the lowest of its peers in the mining industry. The company is also developing a new campus in Kentucky, adding approximately 480 megawatts of grid connection capacity; analysts have significantly raised their target price range, with Keefe Bruyette & Woods from $23 to $37, and Clear...
Analysis: SpaceX's inclusion in the Nasdaq 100 index presents Bitcoin investment opportunities for passive index investors.
PANews reported on July 8th that, according to Bitcoin Magazine, SpaceX officially joined the Nasdaq 100 index on July 7th, after disclosing that its balance sheet held 18,712 bitcoins. JPMorgan Chase estimates that this index rebalancing will drive approximately $4.3 billion in passive inflows into funds and ETFs tracking the Nasdaq 100. This means that institutional capital has gained structural exposure to Bitcoin through corporate treasury channels. With SpaceX's addition, the number of companies holding Bitcoin treasuries in the Nasdaq 100 has increased to three (SpaceX, Tesla, and Strategy). Analysts point out that index inclusion creates demand driven by rules rather than active allocation, and Bitcoin holdings combined with strong fundamentals can improve a company's market visibility and liquidity.