SpaceX Falls to $113.50, Wiping Out $1.2 Trillion Since June Peak
Updated
Updated · CNBC · Jul 27
SpaceX Falls to $113.50, Wiping Out $1.2 Trillion Since June Peak
3 articles · Updated · CNBC · Jul 27
Summary
SpaceX closed at $113.50 on Monday, down more than 1% and marking its 13th decline in 16 sessions, extending a slide from its $225.64 June high.
The selloff has erased more than $1.2 trillion in market value as traders punish AI-linked stocks over heavy capital spending, even with some large options trades still leaning neutral to bullish.
Options activity stayed volatile: 106,000 calls traded versus 77,000 puts, but most of the $442 million in premium was tied to puts, while retail traders kept buying long-shot upside calls.
Next week's first post-IPO earnings report could add pressure because it unlocks sales of up to 911.5 million shares—20% of eligible locked-up stock—starting Aug. 6.