SpaceX Stock Is Nearly 30% Below Its Post-IPO High. Here's What Facebook's Stock Did From the Same Spot.

SpaceX (SPCX) has dropped roughly 29% from its post-IPO high of $201.80 to around $144, putting the stock deep in drawdown territory just after its debut.

The Motley Fool piece frames the slide against Facebook's post-2012 IPO decline. Facebook (META) only recovered after it demonstrated strong mobile ad revenue growth. That gave investors a clear, measurable proof point that reversed sentiment.

SPCX's setup differs. The article points to massive capital spending on AI and other ventures, which means the company is absorbing heavy investment rather than showing a single, easily verified revenue engine. The article's recommendation is patience: wait for SpaceX to meet its Q1 2027 revenue guidance before treating the shares as a buy.

Interpretation: the Facebook analogy cuts both ways. META's rebound hinged on one identifiable operating metric, while SPCX's catalyst is a guidance target that sits well into the future. A drawdown of this size from the $201.80 peak could persist until that evidence arrives, though that is analytical framing, not a forecast from the source.

The $144 level, roughly 29% beneath the high, is the reference point for any recovery or further slide.