SpaceX stock declined 6.01 percent over the past three months as of October 1, according to Finbold data.
The shares swung sharply during the period, falling before staging a partial recovery.
The stock dropped 31.21 percent from $157.54 to $108.37 through July.
It then rebounded 32.59 percent to $143.69 in August.
In September, the rise slowed to 3.05 percent, closing at $148.07 on October 1.
An investor who put $1,000 into SpaceX stock on July 1 would have lost about $60.10, leaving a position worth roughly $939.90.
Pre-market trading on October 2 showed a slight increase to $149.59, lifting that value to about $949.54.
Limited Catalysts and Insider Activity
Recent weeks brought few significant catalysts for SpaceX shares, as many anticipated events, including major index inclusions, were already priced in.
Investors showed little reaction to the Starship Flight 14 launch.
Elon Musk’s announcement that the company’s next advanced artificial intelligence model will arrive no earlier than two months from now added to bearish sentiment heading into October.
The stock also proved resilient to negative news, including retail selling pressure during the summer.
The announcement of COO Gwynne Shotwell’s $52 million insider stock sale on September 22 had minimal effect on share prices.
Tension between SpaceX’s high valuation despite being unprofitable and optimistic future prospects continues to influence performance.
Upcoming events such as insider stock unlocks and the Starship Flight 15 and 16 missions may affect the stock, though their potential as significant catalysts remains uncertain.
SpaceX’s next earnings report, expected in November, could have a notable influence after the previous report triggered a price surge in August.
Looking toward 2027, despite recent price swings between $104.83 and $225.64, Wall Street analysts maintain a positive outlook.
They rate SpaceX shares as a 'Buy' with an average target price of $223.04, indicating a potential 50.63 percent gain from current levels.
However, Elon Musk’s revised forecast for launch frequency in 2027, lowering expectations from one launch per day to one or two per week, may challenge the bullish case and weigh on long-term valuation.
