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SpaceX Stock Hits New Closing Low Ahead of Earnings

August 1, 2026

2 min read

Key Takeaways

SpaceX stock closed at a new low of $108.37.
Stock shed 30% from its $150 market debut.
Lockup expiration on Aug 6 may add supply pressure.
CEO Elon Musk reportedly pushing for SpaceX-Tesla merger.

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Strategic Implications

The volatility in SpaceX stock may indicate investor uncertainty about the company's future prospects, which could be influenced by its capital expenditures and debt projections. A potential merger with Tesla suggests a complex integration process that may impact both companies' operations and could raise concerns about data security and national defense contracts.

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What Happened

Investors Bracing for First Public Earnings Report Amid Share Unlock

SpaceX stock experienced a rocky week, closing at a new low of $108.37 ahead of its first public earnings report. The company’s stock has shed approximately 30% from its market debut and remains down roughly 50% from its all-time high. Investors are bracing for a major share unlock on August 6, which may add to the stock’s pressure. Additionally, CEO Elon Musk is reportedly pushing for a merger between SpaceX and Tesla, which could trigger intense scrutiny from Beijing. This development was reported by Yahoo! Finance Canada.

Source | Originally Published: July 31, 2024

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