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5 Days
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TradingKey - As of July 27, Eastern Time, SpaceX (SPCX) shares were priced at $113.50, down 1.4%, after hitting an intraday low of $108.66, marking a new low since its listing. Compared to the all-time high of $225.64 reached on June 16, SPCX has seen a cumulative drawdown of nearly 50% and is down
SpaceX ended the week at $116, down 47% from its June IPO-era high of $225.64. Starship 13 was delayed again Thursday. Earnings August 4 could also trigger the first lock-up. Short interest 32%. Here is the week in review and what next week holds.
SpaceX shares were under pressure in pre-market trading as the imminent Starship Flight 13 test flight led investors to adopt a wait-and-see approach to manage uncertainty.
TradingKey - Global electric vehicle manufacturer Tesla (TSLA) is experiencing its toughest week since 2026. Impacted by a sharp decline in second-quarter fiscal 2026 operating margins and free cash flow turning negative, the stock has fallen more than 16% this week, marking its largest weekly drop since December 2025.
On July 23 ET, SpaceX (SPCX) shares hit a new all-time low, dropping to a minimum of $110.85 before rebounding. As of press time, the stock was up approximately 1% at $116.4. Gene Munster, founder of Deepwater Asset Management, stated on Wednesday that the likelihood of a merger between SpaceX and Tesla (TSLA) now appears greater. In a post on the social media platform X, he noted, "Before the conference call, I believed there was an 80% chance of these two companies merging in the next few years. Now, I have raised that probability to 90%."
TradingKey - Following the completion of SpaceX's (SPCX) initial public offering, the value of the stake held by Google parent Alphabet (GOOGL) has drawn significant market attention. Based on SpaceX's post-IPO market capitalization and Alphabet's approximately 5% stake, the investment is currently valued at about $94 billion, making it one of Alphabet's most significant investments.
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