SpaceX stock slides toward fresh lows as Starship bets spook investors

SpaceX’s SPCX stock slid to a fresh all-time low amid investor caution ahead of the August 4 earnings report and a looming August 6 share unlock that could release up to 20% of shares; the stock traded around $113.50 after dipping to $109.53 earlier, about 30% below its IPO and roughly 50% off its intraday high. Analysts say volatility stems from questions over Starship’s economics and SpaceX’s pivot toward the new vehicle versus Falcon 9, as investors weigh last week’s Starship test flight (which deployed 20 Starlink satellites and featured a mixed launch a burn) and what it means for the company’s path to higher flight rates.