NYSE:WRB 8 December 2025

June 13, 2026, 10:32 PM EDT. SpaceX (NASDAQ:SPCX) shares surged 19% on debut, pushing valuation past $2 trillion, defying analysts' expectations. However, short-seller Jim Chanos criticized the surge, citing the company's $4.2 billion Q1 loss and $18 billion projected 2025 revenue as valuation concerns. Further pressure may arise as hype fades and investors shift focus to upcoming AI IPOs like OpenAI and Anthropic. The firm's AI arm, xAI, contributed to sustained losses. Additionally, SpaceX's tiered 180-day lock-up expiry allows insiders to sell shares, potentially triggering a price decline. Analysts warn of increased volatility as insider selling approaches, suggesting a cautious outlook post-IPO for SPCX shares.