SpaceX stock sinks to fresh closing low as earnings approach and lockup looms
TL;DR Summary
SpaceX stock (SPCX) closed at a fresh low ahead of its Aug. 4 Q2 earnings as a volatile week presses the shares lower and a lockup expiration on Aug. 6 could release up to 20% of shares. The stock has fallen about 30% from its IPO and roughly 50% from an all-time high. Investors are weighing SpaceX’s massive capex plans (projected from about $48.7B this year to $118.4B by FY2028) and rising debt (potentially around $218B by FY2028) against returns, while merger chatter with Tesla could invite regulatory scrutiny. SpaceX reports earnings next week.
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- SpaceX stock: where the "no-brainer" buy zone actually sits Investing.com
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