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Down 47% From High, Starship 13 Pending, Earnings Aug 4

Down 47% From High, Starship 13 Pending, Earnings Aug 4

TradingKey – SpaceX (NASDAQ: SPCX) closed Friday at $116.06 on July 25, bouncing back from a fresh all-time low of $110.85 that the stock touched on Thursday. As of this writing, the stock is down 47% off its peak of $225.64 which came just after the June IPO. That debut raised $85.7 billion for the company and briefly put it at over $2 trillion in valuation. Three things are on deck this week. 

Starship Flight 13 (SF13), also delayed Thursday, may have a second wind, the first-ever public company Q2 earnings will be released Aug 4, and Aug 6 is when a portion of the company’s lockup expires. Short interest is currently at 32% of the float. The channel descending from the high in June remains.

The Week That Was: How $1 Trillion in Value…

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