SpaceX stock slides to new closing low ahead of Q2 earnings

SpaceX's stock closed at $108.37, a fresh weekly closing low as investors await Q2 results on Aug. 4 and digest an Aug. 6 lockup expiration that could release up to 20% of shares. The week was volatile, with the stock down about 5.8% and roughly 30% below its $150 debut, while capex is projected to rise to $118.4B by 2028 and debt to about $218B; ongoing merger chatter with Tesla and geopolitical/data concerns tied to China add further overhang.