{"id":796305,"date":"2026-07-31T23:07:16","date_gmt":"2026-07-31T23:07:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/796305\/"},"modified":"2026-07-31T23:07:16","modified_gmt":"2026-07-31T23:07:16","slug":"spacex-stock-hits-new-closing-low-in-rocky-week-ahead-of-earnings","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/796305\/","title":{"rendered":"SpaceX stock hits new closing low in rocky week ahead of earnings"},"content":{"rendered":"\n

SpaceX (SPCX<\/a>) stock whipsawed through a volatile week, swinging from an all-time low to a sharp rebound and closing at a new low, as investors braced for the newly public company’s first earnings report and a major share unlock. <\/p>\n

SpaceX closed down 3.4% on Friday to finish at $108.37. During an up-and-down week that swung from gains to losses, the stock ended on a down note, falling about 5.8% for the week. <\/p>\n

SpaceX stock has shed approximately 30% from its $150 market debut last month and remains down roughly 50% from its all-time high of $225.64. <\/p>\n

The swings come ahead of SpaceX’s second quarter earnings, due Aug. 4. But a bigger overhang is a lockup expiration on Aug. 6 that will free as much as 20% of shares for sale under the company’s lockup plan. Many investors worry that the added supply will keep the stock under pressure. <\/p>\n

Read more: SpaceX stock keeps sliding. What to do if you own shares.<\/a> <\/p>\n

In addition, CEO Elon Musk is reportedly still pushing for a merger between SpaceX and Tesla (TSLA<\/a>). The Wall Street Journal<\/a> reported on Friday that executives are trying to decide how to dispose of Tesla’s China business in the event of a merger. SpaceX’s government and national defense contracts could be a concern for the Chinese government. <\/p>\n

“A potential merger between SpaceX and Tesla would likely trigger intense scrutiny from Beijing, given that a major U.S. defense contractor would control Tesla’s factories in China and the factories’ know-how and supply chain could be repurposed for the U.S. military,” the Journal reported sources saying. <\/p>\n

\"FILE<\/a> SpaceX stock was volatile ahead of earnings. (Reuters\/Mike Blake\/File Photo) \u00b7 Reuters \/ REUTERS <\/p>\n

Another concern for China would be SpaceX \u2014 and potentially the US government \u2014 getting data from China’s 2 million Tesla owners, sources told the Journal. <\/p>\n

Merger talk aside, when SpaceX reports results next week, investors will have a close eye on SpaceX’s capital expenditures, S&P Global Visible Alpha analyst Melissa Otto wrote. <\/p>\n

“SpaceX’s capex numbers are expected to increase from $48.7 billion this year to $118.4 billion in FY 2028. \u2026 In addition, SpaceX’s overall debt is also projected to grow over 5x from $41.7 billion this year to over $218.0 billion in FY 2028,” Otto noted. <\/p>\n

The concern with SpaceX’s large capital requirements \u2014 like those of the large AI frontier startups and even Oracle (ORCL<\/a>), Alphabet (GOOGL<\/a>), and Meta (META<\/a>) \u2014 is that its AI infrastructure investments will not generate a healthy return given the level of cash required. <\/p>\n

Pras Subramanian is Lead Transportation Reporter for Yahoo Finance. You can follow him on X<\/a> and on Instagram<\/a>. <\/p>\n

Click here for the latest technology news that will impact the stock market<\/a>. <\/p>\n

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