Aug 14, 2026 – 2.32pmJust two months ago, fund managers across Australia were scrambling for a slice of the blockbuster float of Elon Musk’s SpaceX, and early investors in the rocket, satellite and artificial intelligence company watched the value of their stakes soar.The lift-off was euphoric, with the stock rocketing nearly 70 per cent in its first three sessions of trading in New York, only to collapse 46 per cent by the end of July. The violent reversal left a string of high-profile investors nursing heavy losses.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
SpaceX bulls brush off July crash after passing lock-up test
Fund managers who snagged a rare stake in Elon Musk’s giant space business are nursing heavy losses from July, but their fortunes appear to be turning.
TL;DRAI
SpaceX IPO surged 70% in three days, then fell 46% by month-end; early investors took heavy losses as stock passes lock-up test. Swings flag caution on space-tech infrastructure—shapes IT capital allocation in AI, satellite, venture funding rounds.
108 words~1 min read
