SpaceX (SPCX) shares plummeted 5.14% during intraday trading on Monday, continuing a sharp decline from its post-listing peak and hitting a new low since its public debut last month.

The sell-off reflects mounting investor anxiety over impending insider lock-up expirations and extreme divergence in analyst valuations. Following its Q2 earnings report, a phased unlock of shares could make a significant portion of the company's stock available for sale by early September, potentially increasing selling pressure. Furthermore, Wall Street analysts show unprecedented disagreement on the company's fair value, with price targets ranging widely amid continued annual losses.

Notably, this bearish sentiment persisted despite recent positive regulatory developments, including the FAA clearing the way for the company's next Starship test flight, which failed to reverse the downward trend.