SpaceX stock rebounds after hitting an all-time low on Starship milestone

SpaceX’s SPCX stock rebounded after a slide to an all-time low, as investors weigh the Starship program’s progress against the stock’s IPO-era volatility. The shares finished higher after a choppy session, but remain down about 30% from the IPO and roughly 50% from a prior high while traders await SpaceX’s Aug. 4 Q2 earnings and an Aug. 6 share unlock. Analysts say Starship’s trajectory is central to SpaceX’s valuation, even as questions linger about second-stage refurb costs and how quickly SpaceX can ramp flight rates. Friday’s Starship test from Starbase, which included deploying 20 Starlink satellites and a challenging landing burn, underscored both progress and ongoing risk in SpaceX’s ambitious rollout.