Overview
- SpaceX stock has fallen roughly 48–50% from its June 16 intraday peak of $225.64 to about $109–$118, erasing more than $1.2 trillion in market value and pushing the shares to record lows in late July.
- Starship Flight 13 achieved key engineering wins by deploying 20 Starlink V3 satellites and relighting an engine in space while the Super Heavy booster failed its planned landing-burn, leaving booster reliability an open question.
- Index funds and float‑adjusted ETFs are set to buy more shares as the public float expands, a structural demand that will interact with an expected August 6 lockup window that could free up to about 911.5 million shares for sale.
- SpaceX will report second‑quarter 2026 results after the close on August 4 with a live management webcast, an event investors see as pivotal for clarity on revenue growth, capital spending and near‑term liquidity.
- Analysts remain deeply divided because 2025 revenue was under $19 billion while the company reported large GAAP losses and has committed heavy capex to AI and Starship scale, a split that has real effects on investors and on Elon Musk’s net worth.