Spacex Shares Plummet as Blue Origin Eyes Fresh Investment

WHO:

Yahoo Finance - SpaceX (SPCX), Blue Origin, Jeff Bezos, Adam Jonas, Jeremy Grantham, Elon Musk

Fox Business - Goldman Sachs, JPMorgan, Morgan Stanley

WHAT:

Yahoo Finance - SpaceX stock hit an all-time low of $145.20 before closing at $149.29, below its market debut price of $150.

Yahoo Finance - SpaceX stock tumbled 7% despite its inclusion in the Nasdaq-100 Index.

Yahoo Finance - Blue Origin is reportedly raising $10 billion at a $130 billion valuation.

Fox Business - SpaceX's IPO raised $75 billion, making it the largest IPO in history, surpassing Saudi Aramco's $29 billion IPO in 2019.

Fox Business - Price targets for SpaceX's stock range from $205 to $300 per share.

WHERE:

Yahoo Finance - The Nasdaq-100 Index

Yahoo Finance - Paris, where Jeff Bezos spoke at the Viva Technology show

WHEN:

Yahoo Finance - SpaceX made its IPO debut on June 12, trading at $150 a share.

Yahoo Finance - The static engine test explosion for Blue Origin's New Glenn rocket occurred earlier in the year.

Yahoo Finance - Bezos indicated the timing to raise outside capital was starting to make sense earlier in the year.

WHY:

Yahoo Finance - Analysts suggested that the Nasdaq inclusion was already priced into SpaceX's stock.

Fox Business - Jeremy Grantham expressed skepticism about SpaceX's valuation and long-term investment thesis.

HOW:

Yahoo Finance - SpaceX's stock performance is tied to the retirement accounts, mutual funds, and portfolios of millions of everyday American investors due to its inclusion in the Nasdaq-100 Index.

Yahoo Finance - Blue Origin's funding was backed by $4 billion from Coatue Management, $4 billion from other large investors, and $2 billion from Bezos himself.

(UPDATED July 8, 2026 22:25 UTC)

SpaceX's stock has hit an all-time low of $145.20 before closing at $149.29, which is below its market debut price of $150, despite its recent inclusion in the Nasdaq-100 Index. Meanwhile, Blue Origin is reportedly raising $10 billion at a valuation of $130 billion, with funding backed by significant investments, including $4 billion from Coatue Management and $2 billion from Jeff Bezos himself. Analysts have noted that the Nasdaq inclusion may have already been priced into SpaceX's stock, while skepticism about its long-term valuation continues to be voiced by figures like Jeremy Grantham.