
SpaceX Shares Slip to Fresh Low Amid Starship Heat Shield Uncertainty
SpaceX stock closed at $108.37, a record low about 20% below its $135 IPO price just six weeks after listing, as investors weigh the valuation against IPO lockups and a nascent concern over Starship’s heat-shield (TPS) technology. Some NASA scientists have questioned TPS viability for rapid reuse, suggesting data could point to tile inspections or replacements and potential delays to Starship’s high‑frequency launch plan. If heat‑shield issues persist, SpaceX may need more Starships and longer repair times, potentially slowing revenue growth despite a track record of rocket‑tech advances.



