SpaceX has now erased more than $1.2 trillion in market cap since its high price of $225.64 in June, a loss roughly equivalent to Tesla’s entire market value as the stock has also dropped to near one-year lows. On Monday, SpaceX fell for the 13th session out of the last 16, shedding over 1% to close at $113.50. While options flows are getting more balanced between bulls and bears, the biggest single trades of the day were neutral to bullish. The upcoming earnings report could fuel volatility as up to 911.5 million locked-up shares will become eligible for sale starting the second trading day after results are released on August 6.
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