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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid shifting sentiment in high-growth technology sectors, SpaceX has experienced a massive valuation correction that has wiped off more than $1.2 trillion in market capitalization. This decline follows the share price reaching a peak of $225.64 in June. According to reports, the downward momentum accelerated as SPCX shares touched a new all-time low of $110.21 during New York trading on Monday.
The scale of the valuation drop is notable as it roughly equals the entire market value of Tesla, marking a significant impact on Elon Musk's corporate portfolio. Per market data, TSLA closed at $307.05 (close July 27, 2026). Adding to the pressure, HSBC analysts project that 912 million shares will become eligible for sale on August 6, potentially increasing the free float to 11.8% and introducing further volatility.
Traders are now focused on whether the stock can stabilize following its recent close of $115.07 (close July 24, 2026) and subsequent dip to new lows. The upcoming calendar features two critical catalysts: the company's inaugural quarterly earnings report scheduled for August 4, 2026, and the significant share unlock on August 6, both of which are expected to drive price action.