SpaceX Sheds $1.2 Trillion in Market Cap, Stock Falls to $113.50 Ahead of Lock-Up Expiration
SPCX is trading near its 52-week low of $108.66 (3.2% above the low).
Summary
SpaceX has lost over $1.2 trillion in market value since its June peak of $225.64, with shares closing at $113.50 on Monday after falling in 13 of the last 16 sessions. The decline comes just days before the company's first post-IPO earnings report and a critical lock-up expiration on August 6, when up to 911.5 million shares become eligible for sale. Options activity shows heavy put buying, with $442 million in premium tied mostly to bearish bets, though some large trades were neutral or bullish. The stock is trading near its 52-week low of $108.66, reflecting mounting pressure on AI-related names and pre-lock-up anxiety. The upcoming earnings release will be pivotal in setting the tone for the lock-up period.
At the time of this announcement, SPCX was trading at $112.10 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.5T. The 52-week trading range was $108.66 to $225.64. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Binance News.