SpaceX shares slide as Musk’s Tesla readies Q2 results

SpaceX’s SPCX fell over 5% on Wednesday after a rough patch that has shaved about 20% off its value in the past week, as investors brace for Tesla’s second-quarter results after the bell. The stock decline follows SpaceX scrapping the Starship V3 launch due to engine issues, with a test flight eyed for later in the week as a potential catalyst. Insiders face an August stock unlock that could affect float, while investors watch SpaceX’s Starlink and AI-related deals for growth. All eyes remain on catalysts like Starship tests and upcoming financials (Aug. 4) and how a potential SpaceX–Tesla merger could shift the dynamics once more.