Key highlights:
- SPCX rose approximately 6% to $127 on Tuesday after closing below $120 on Monday
- The rebound ended a seven-day losing streak, but the stock remains sharply lower than its post-IPO peak
- Investors are watching a Starship test flight scheduled for July 23 and SpaceXs first public earnings report
SpaceX stock rebounded on Tuesday, July 21, snapping a seven-session losing streak that had pushed the shares to their lowest level since the company went public.
SPCX was trading at approximately $127 at the time of writing, up 6% on the day. The recovery followed a Monday close of $119.85, which marked a new record low for the publicly traded shares.
Tuesday‘s move provides some relief for shareholders, but it has not erased the stock’s substantial recent losses. SPCX remains approximately 43% below its $225.64 all-time high and about 6% below its initial public offering price.
SpaceX stock rebounds after seven consecutive declines
Before Tuesdays recovery, the Elon Musk-linked stock had declined for seven consecutive trading sessions and traded lower in 10 of the previous 11 sessions.
SpaceX made headlines in June when it completed its IPO. Shares were priced at $135 and opened at $150 during their first trading session before climbing as high as $225.64.
The stock subsequently reversed course. Even after Tuesdays 6% rebound, SPCX remains roughly 44% below its record high. It is also approximately 16% below where it traded before the seven-session losing streak began.
Daily SPCX stock price chart.
The speed of the decline has raised concerns among investors, although the company continues to command a market capitalization of approximately $1.6 trillion.
Some market participants have connected the selloff with recent operational setbacks. SpaceX called off a Falcon 9 mission that was scheduled to carry 24 satellites into orbit from Californias Vandenberg Space Force Base.
The cancellation came days after a planned Starship Flight 13 test was aborted because of engine-related issues before liftoff.
Starship is one of SpaceXs most important projects. The reusable launch system is designed to reduce launch costs and support future missions. Delays are common in the space industry, but repeated disruptions can affect investor sentiment when closely watched timelines begin to slip.
The company is expected to attempt another Starship test flight on Thursday, July 23. A successful test could improve sentiment surrounding SPCX, although the longer-term performance of the stock will likely depend on the companys operational and financial results.
Meanwhile, CEO Elon Musk said that “Grok for Excel” had gone live as the company continues to expand its artificial intelligence initiatives alongside its space and satellite businesses.
August could be a critical month for SPCX
SpaceX is expected to release its first earnings report as a public company in early August. The report could provide investors with more information about revenue growth, profitability, capital expenditure and the companys broader spending plans.
One area of particular interest will be SpaceXs artificial intelligence investments. The company reportedly invested $7.7 billion in AI projects during the first quarter of 2026. If that spending rate continues, annual AI investment could reach at least $30 billion.
Investors across the AI sector have expressed concerns that high infrastructure and development costs could keep corporate profits under pressure for an extended period.
Another potential catalyst is the expiration of SpaceXs post-IPO lock-up period. Approximately 911.5 million shares held by employees and early investors are expected to become eligible for sale on August 6.
At Monday‘s closing price, those shares would have been worth approximately $109 billion. The possibility that a large number of shares could enter the market may create additional selling pressure, particularly after the stock’s steep post-IPO decline.
Despite the recent selloff, some institutional investors have continued to accumulate shares. Ark Invest bought the SpaceX dip last week, adding to its existing position.
Tuesday‘s rebound has ended SPCX’s seven-day losing streak, but the stock remains well below both its IPO-day levels and its all-time high. Upcoming launch activity, earnings results and the lock-up expiration could determine whether the recovery develops into a broader reversal or proves to be a temporary bounce.