SpaceX (NASDAQ: SPCX) stock price dropped by 3.41% on July 31, to close at its lowest price since the June 12 IPO of $108. In July 2026 alone, SPCX dropped by 36% from $171 on July 1. This drop has sparked discussions of whether this stock can recover or continue its drop to below $100.

These concerns are emerging ahead of two events: August 4 earnings and August 6 share unlocks. These two events could increase the stock’s volatility.

SpaceX Stock Price Tumbles Amid Aggressive Short Positioning

SpaceX stock price has dropped from an all-time high of $225 seen on June 16 to an all-time low of $108. This drop has led to the company wiping out $1.6 trillion in value from its market cap.

The…