SpaceX, Oracle & QuantumScape Stocks Hit 52-Week Lows in Tech Selloff

Three Big Names, One Rough Day

Thursday was brutal for tech investors watching SpaceX (SPCX), Oracle (ORCL), and QuantumScape (QS). All three stocks sank to fresh 52-week lows as a broader tech selloff collided with company-specific bad news. QuantumScape got hit hardest, tumbling nearly 13%. Oracle slid 4.61%. SpaceX stock touched an all-time low of $110.85 intraday — well below its $135 IPO price — before clawing back to close up about 2.6%.

SpaceX's Rocky Post-IPO Ride

SpaceX has now logged losses in three straight weeks since its splashy market debut, and the stock is down more than 26% since it started trading. Retail and institutional investors have both been selling, and the reasons go beyond typical market jitters. Bloomberg reports SpaceX has stopped accepting new commercial Falcon 9 launches and rideshare missions beyond 2028, a signal the company is pivoting hard toward its next-generation Starship rocket. Production of certain expendable Falcon 9 components is also winding down, even as SpaceX keeps honoring existing contracts with NASA and the Pentagon.

Adding to the drama, a planned Starship launch was scrubbed due to poor visibility conditions needed to capture ground imagery of the heatshield during a high-pressure ascent test. SpaceX pushed the attempt to Friday from Starbase, Texas, where forecasts looked more favorable.

Why the Broader Selloff Matters

Oracle's drop and QuantumScape's steeper fall suggest this isn't just a SpaceX story — it's a sign that tech investors are getting jumpy across the board. When a legacy enterprise giant like Oracle and a speculative EV-battery play like QuantumScape both get dragged down alongside a hyped new IPO, it points to a risk-off mood spreading through growth and tech-adjacent stocks more broadly.

What This Means If You're Watching These Stocks

For SpaceX specifically, the pivot away from Falcon 9 commercial bookings toward Starship is a strategic bet that could pay off long-term but creates near-term uncertainty — exactly the kind of thing that spooks a freshly public stock. Investors chasing IPO hype are learning that early enthusiasm doesn't always hold once real operational decisions start rolling in.

For Oracle and QuantumScape, the declines look more tied to sector-wide pressure than to fresh company news, which means broader market sentiment — interest rate expectations, tech valuations, risk appetite — is likely doing a lot of the heavy lifting here.

Bottom line: if you're holding any of these three, or eyeing them, the next few weeks matter. Watch how SpaceX's Starship test goes and whether the broader tech pullback stabilizes or deepens.