SpaceX stock fell to a record closing low of $113.50 on July 27, losing nearly half its value from the post-IPO high above $225. The company’s market capitalization dropped from $2.6 trillion to approximately $1.5 trillion. SpaceX posted a loss of $4.9 billion last year on revenue of roughly $19 billion, while raising $25 billion in the bond market to fund its technology infrastructure. The lockup period expires on August 6, two days after the first public quarterly results are released, fueling fears of additional selling pressure. Investors are now closely watching the August 4 report for insights into revenue, losses, AI spending, and Starlink growth.
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