Overview
- SpaceX stock has slid about 48–50% from its June peak and is trading near record lows around $109–$118, erasing roughly $1.2 trillion of market value.
- The company will report second-quarter results after the close on Aug. 4 and two trading days later a lock-up provision allows insiders to sell up to 20% of eligible restricted shares, a pool that could total as many as 911.5 million shares beginning Aug. 6.
- Starship Flight 13 successfully delivered 20 Starlink V3 satellites and restarted an engine in orbit while the Super Heavy booster failed to light all 13 landing engines and struck the Gulf of Mexico harder than planned, highlighting reliability questions.
- Market positioning shows elevated short interest above 30% of the float and put-heavy options activity, even as float-adjusted ETFs are set to buy more shares as the tradable float increases in early August.
- Investors and analysts remain deeply split as SpaceX carries heavy capital spending and 2025 losses while pausing new Falcon 9 bookings beyond 2028, making Starship performance and the upcoming earnings and lock-up window decisive for near-term valuation.