Overview
- SpaceX shares hit a new low of $109.53 on Monday and now trade roughly 50% below their mid‑June peak after the stock erased more than $1.2 trillion in market value.
- Starship’s Flight 13 delivered 20 Starlink V3 satellites and achieved an in‑space engine relight on July 24 but lost its Super Heavy booster in a hard splashdown when the landing burn failed.
- Investors are focused on the Aug. 4 second‑quarter earnings report because that disclosure starts a window that on Aug. 6 could make about 911.5 million restricted shares eligible for sale.
- Trading flows show elevated risk with unusually high options implied volatility, heavy put activity and sizable short positions that have amplified intraday swings and pressured peer space stocks.
- The company’s pivot away from Falcon 9 bookings beyond 2028 and large AI and Starship capital spending, funded partly by recent bond sales, raise financing dependence on Starship’s success and could prolong volatility.