SpaceX (NASDAQ: SPCX) stock price is down by 32% in the last month since July 2, 2026. On August 3, SPCX stock price reached an all-time low of $107, with the drop coming one day before SpaceX reports its Q2 2026 earnings on August 4.

This drop comes despite a Bloomberg consensus forecasting $6.87 billion in revenue for SpaceX in Q2 2026, with this being an increase from the $4.7 billion in Q1 2026.

Key Reasons Why SpaceX Stock Price is Dropping

The fall of SPCX shares to an all-time low is likely because of two reasons: the upcoming unlock of 911.5 million shares and a bearish sentiment around AI stocks.

Looming 911.5M Share Unlock is Weighing on Price

911.5 million SpaceX shares will become available for selling on August 6. These…