SpaceX (SPACEX) on Solana

SpaceX shares gained roughly 3% on July 21, snapping a seven-session losing streak, after the company announced August 4 as the date for its debut earnings report. The announcement carries immediate structural significance: per the company's staggered lock-up terms, the first earnings release triggers an unlock window on August 6 — the second full trading day after the report — during which insiders may sell up to 20% of their eligible locked-up shares, amounting to as many as 911.5 million shares. A further 10% tranche becomes available if the stock closes at least 30% above its IPO price for five of the ten trading days heading into the report.

The unlock comes against a challenging backdrop for SPCX. As of Monday's close, shares had fallen roughly 43% from their all-time high close of $211.39 on June 16, the day of SpaceX's record IPO, putting the stock well short of the threshold needed to trigger the bonus tranche. CEO Elon Musk, who holds approximately 7.8 billion shares representing about 60% of outstanding stock, is locked up from selling for just over a year from the June debut, limiting near-term supply from the largest holder.

SpaceX (SPCX) shares are trading near $120, roughly 11% below the company's June 2026 IPO price of $135, after briefly peaking at $225 in the weeks following its debut. A Motley Fool analysis concludes the stock is not a buy at current levels, citing inconsistent profitability, mounting AI-segment capital expenditures — running at a $30.8 billion annualized rate as of Q1 2026 — and intensifying competition in both space launch and connectivity markets.

The analyst recommends waiting for a steeper pullback before initiating a position, noting that ongoing Starship rocket delays add near-term uncertainty even as SpaceX's long-term addressable market remains large.

SpaceX has rescheduled Starship Flight 13 to Thursday, July 23 after an automatic abort during countdown in which several Raptor 3 engines failed to ignite. The mission — the second flight of the Starship V3 design — is set to deploy 20 V3 Starlink satellites, a milestone SpaceX must achieve before the rocket can carry heavier commercial payloads. The company has not disclosed the specific cause of the ignition failures.

SPCX shares fell more than 5% on the news, trading near $124 and approaching their 52-week low of $122.12 — putting the stock roughly 23% below its $135 IPO price. Evercore ISI reiterated an Outperform rating and $230 price target, characterizing the decline as profit-taking rather than a sign of fundamental weakness. The July 23 attempt carries added urgency as share unlock periods and Q2 earnings results are expected in August.

SpaceX shares have dropped nearly 23% since the company was fast-tracked into the Nasdaq-100 on July 7, posting losses in nine of the last ten trading sessions. A 5.43% decline on Friday — the sixth consecutive down day — extended the slide that began shortly after SpaceX's record $85.7 billion IPO priced at $135 per share in June. The Nasdaq-100 added SpaceX after just 15 trading days of public trading, an unusually compressed timeline for index inclusion.

The latest catalyst was an aborted Starship test flight on Thursday evening, when an engine ignition failure triggered an automatic launch scrub during a 90-minute launch window in Texas. Elon Musk confirmed that some Raptor engines failed to start and said two would be removed and replaced, with a relaunch targeted for early the following week. The back-to-back operational setback and sustained equity weakness underscore the elevated risk profile investors accepted when buying into SpaceX's historic public debut.

SpaceX aborted the second Starship V3 test flight on July 16 at its Starbase facility in South Texas, triggering an automatic abort within minutes of the opening of the 90-minute launch window after several Raptor engines failed to ignite. CEO Elon Musk confirmed that engines "didn't start" and said the company plans to remove and replace two Raptor engines before the next launch attempt, which he indicated is likely to come early next week.

The scrub sent SPCX shares down more than 3% in extended trading to close at $131.11, extending a five-day losing streak and pushing the stock further below its $135 IPO price. The flight was the first Starship attempt since SpaceX's IPO and carries added weight given Starship's central role in scaling the Starlink satellite internet business and fulfilling the company's commitments under NASA's Artemis lunar program.

SpaceX (SPCX) shares dipped below their $135 IPO offering price on July 15 for the first time since the company's June 8 debut, touching an intraday low near $133 and putting investors who bought at or above the listing price underwater. The stock fell roughly 2.1% on the day, extending a four-session losing streak that erased nearly a quarter of its value after an initial surge of close to 50% in its first three trading days.

Analysts attributed the pullback to investors locking in gains, a reassessment of the company's lofty post-IPO valuation, and lingering concerns about profitability following SpaceX's disclosed $4.9 billion net loss for last year. Miller Tabak chief market strategist Matthew Maley said the breach signals the stock "is up on fluff, on speculation, on froth, and not on real fundamentals." Despite the drawdown, Wall Street consensus remains constructive: roughly 80% of covering analysts carry buy or overweight ratings with an average price target near $247.