Australian Retail Keeps Buying SpaceX at 88% of Orders as Stock Sinks Below IPO Price

CMC Invest reported that Australian retail clients continued to buy SpaceX aggressively even as the stock fell below its IPO price. In the first half of 2026, 91% of SpaceX orders on the platform were buys, easing only to 88% between July 1 and July 22. The stock priced at $135, debuted on Nasdaq on June 12, and closed Friday at $115.07, about 15% below the offer price after a 2.7% weekly drop. The article frames this as a demand-vs-supply story: only about 5% of shares were initially tradable, creating volatility that may expand as lockups expire. Cautious analyst coverage and an upcoming first quarterly report could influence near-term sentiment.