If the SpaceX Stock Price Falls to $63, Here's What History Suggests Could Happen Next

In its first earnings report as a public company, SpaceX reported $7.8 billion in revenue for the second quarter of 2026.

Capital expenditures increased by $2.8 billion to $18.4 billion for the quarter, and the stock price dropped following the report and accompanying earnings call

If the SpaceX stock price follows a similar path as when Facebook (now Meta Platforms) first went public, the stock price could bottom out at around $63.

Anyone who expected the 2026 second-quarter earnings report from Space Exploration Technologies (NASDAQ: SPCX) on Aug. 4 to boost the stock price didn't get it. In after-hours trading following the report and earnings call SpaceX's stock price was down more than 8%.

We'll quickly look at why the earnings weren't enough to immediately send the stock price higher, as well as why $63 could be an important price level for investors to watch.

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SpaceX reported $7.8 billion in revenue for the second quarter, a 92% jump from the prior-year period. Revenue for its artificial intelligence (AI) division tripled to $2.6 billion, and revenue from SpaceX's satellite internet service, Starlink, climbed 66% to $4.3 billion.

SpaceX CEO Elon Musk also projected SpaceX could hit $1 trillion in revenue by 2030, a year earlier than the 2031 time frame previously forecast.