SpaceX Sets First Public Earnings Report For Aug. 4

SPCX closed at 115.27, down 6.69% from the prior close of 123.54, after trading as high as 124.77 and as low as 115.19 in a volatile session.

Executive Summary

SPCX sold off sharply on July 22, closing at 115.27 versus a prior close of 123.54, a decline of 6.69% on volume of 81,739,094 shares. The stock opened at 123.31, pushed to an intraday high of 124.77 early in the session, then reversed hard and closed essentially at its session low of 115.19. Today's close is the lowest in the daily close history provided since the June 12 IPO.

The decline coincided with a heavy flow of coverage on the stock: Benzinga reported the shares down as part of a broader rotation into defensive sectors alongside news that SpaceX is exploring a 1-gigawatt Texas data center for AI computing. Motley Fool coverage discussed a steep pullback from the post-IPO peak, an approaching August 4 first public earnings call and conference call, historical patterns for new Nasdaq-100 additions, and skepticism from bond markets around SpaceX's $25 billion debt issuance. Elsewhere, Cathie Wood was reported as viewing the pullback as a buying opportunity, while Elon Musk denied a separate report claiming Foxconn had won a $52 billion SpaceX AI server contract. These are the drivers reported by the outlets cited below; SPCX-trader.com is not verifying or endorsing any of the estimates, price targets, or valuation figures contained in that third-party coverage.

News

1. Chip Stocks Retreat As Yemen’s Houthis Enter The War; Alphabet, Tesla Earnings Ahead

Red Sea Blockade

Please click here for an enlarged chart of Direxion Daily Semiconductor Bull 3X ETF (NYSE:SOXL).

Note the following:

Semiconductors are the leading sector that has been driving the stock (Benzinga, Jul 22, 3:52 PM ET)

2. Is SpaceX Stock's 45% Drop a Buying Opportunity? Cathie Wood Thinks So — These ETFs Are Making the Biggest Bet

Cathie Wood says SpaceX could become the "most important company in history," despite its steep pullback. See which ETFs are betting big. (Benzinga, Jul 22, 3:41 PM ET)

3. SpaceX Stock Faces an Ugly 25-Year Market Pattern Post-IPO

SpaceX stock faces high expectations, but historical data shows most IPOs underperform in the long run. (Benzinga, Jul 22, 1:56 PM ET)

4. 8 Communication Services Stocks With Whale Alerts In Today’s Session

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will (Benzinga, Jul 22, 1:35 PM ET)

5. Predicting SpaceX's Valuation at the End of 2026

SpaceX stock, currently trading at $118.41, faces significant downside pressure and could trade in the $50-70 range by year-end 2026, according to analyst Geoffrey Seiler. Despite Raymond James' $800 price target, the author believes Morningstar's $62 fair value estimate is more realistic. Key headwinds include upcoming lock-up expirations flooding the market with shares, an extreme valuation (1.6T market cap on <$19B revenue), and the company's expected cash burn until 2035. While strong revenue growth is projected, SpaceX remains unprofitable and will require significant capital raises. (The Motley Fool, Jul 22, 1:29 PM ET)

6. CoreWeave Stock Jumps as Power Access And AI Demand Lift Growth Hopes

CoreWeave Stock rises as analysts back its growth, Helios power access and expanding real-time AI inference business. (Benzinga, Jul 22, 12:39 PM ET)

7. SpaceX Explores 1-Gigawatt Texas Data Center to Expand AI Computing

SpaceX stock (SPCX) falls as traders rotate toward defensive market pockets. Company expands AI computing, prepares for share unlock & deals. (Benzinga, Jul 22, 12:19 PM ET)

8. QUICK SPARK: SpaceX To Report First Public Earnings On August 4 — Details And Estimates Inside

Elon Musk's SpaceX will release its first public earnings report and hold a conference call on August 4, 2026. (Benzinga, Jul 22, 11:33 AM ET)

Price Action

Metric	Value
Open	123.31
High	124.77
Low	115.19
Close	115.27
Change vs prior close	-6.69%
Volume	81,739,094
Intraday range	9.58
Close vs IPO (160.95 close, June 12)	-28.38%

Shares opened at 123.31, slightly below the prior close of 123.54, then rallied to an intraday high of 124.77 before reversing and selling off through the rest of the session to close at 115.27, just 0.08 above the intraday low of 115.19. The 9.58-point range was one of the wider swings in the available history, and the close near the bottom of that range indicates sellers were in control into the bell. Volume of 81,739,094 shares came in above the prior session's 79,795,973 and above the cumulative average-to-date of 78,273,587, while the stock's own volume-vs-average indicator reads 0.64, suggesting today's volume ran below its more recent trailing baseline even as it exceeded the longer cumulative average. Today's close is also the lowest closing price in the daily close history provided, surpassing the prior low close of 119.85 set on July 20.

The session's key fact: SPCX reversed a morning push toward 124.77 and closed at a new low for the available price history, at 115.27.

Technicals

SPCX is roughly six weeks past its June 12 IPO. With only 27 trading sessions in the provided close history, the 14-day RSI carries limited statistical weight and the 50-day and 200-day moving averages are not yet computable (both are flagged unavailable). The read below leans on price structure, candle shape, volume, and the real levels present in the data rather than on longer-horizon averages the stock hasn't lived long enough to support.

Trend

The stock remains in a well-defined downtrend from its June 16 closing high of 201.80. Price is below the SMA-5 (122.75), the EMA-5 (123.03), the SMA-10 (132.17), and the SMA-20 (144.76) — a fully bearish short- and intermediate-term stack. Today's close of 115.27 sets a new low for the available close history, extending a decline that has been largely uninterrupted since mid-June aside from brief bounces (e.g., the late-June push to 170.86 and the July 21 close of 123.54).

Candle read

Today's candle has a body of -8.04 (open 123.31 to close 115.27), an upper wick of 1.46, a lower wick of just 0.08, and a close location of 0.01 — meaning the close sat almost exactly at the session low. The small upper wick shows an early attempt to push higher toward 124.77 that failed, followed by sustained selling that left almost no lower wick, i.e., no meaningful buying support showed up before the close. That combination — a long bearish body, a short upper wick, and a close pinned to the low — reads as a session where sellers pressed the advantage into the close rather than one where buyers stepped in to defend a level.

Support levels

• 115.19 — today's intraday low, the most immediate level below current price.
• 115.00 — round-number level just under today's low.
• 110.00 — next round-number level below, with no intervening data points in the provided history between it and today's low.

Resistance levels

• 120.00 — round-number level now overhead after today's close below it.
• 122.75–123.54 — the SMA-5 (122.75) and prior close (123.54) cluster just above the close.
• 124.77 — today's intraday high.
• 131.11–132.17 — the July 16 close (131.11) and current SMA-10 (132.17) cluster.
• 135.00 — the IPO offer price.
• 144.76 — the current SMA-20.

Momentum interpretation

RSI-14 sits at 33.74, in bearish territory and approaching but not yet below the conventional 30 oversold threshold.

Bull scenario: a reclaim of 120.00 followed by a move back through the 122.75–123.54 SMA-5/prior-close cluster would be the first sign of stabilization; RSI-14 climbing back above the 40s alongside that move would support a shift in short-term momentum. Holding above today's low of 115.19 on any pullback would be a minimum condition for this scenario to stay intact.

Bear scenario: a break below 115.19 would open the round-number level at 110.00 with no other data-supported level in between. RSI-14 pushing under 30 without an accompanying bounce would confirm downside momentum is still accelerating rather than stabilizing.

Neutral scenario: price holds between 115.19 and the 120.00–123.54 zone without a decisive break either way, with RSI-14 drifting in the low-to-mid 30s as the stock digests the recent decline ahead of the August 4 earnings call referenced in today's news coverage.

Trading Takeaway

SPCX closed at a new low for its available trading history on elevated volume, with a candle shape (long body, close pinned to the low) that shows sellers pressing through the session rather than buyers stepping in. The short-term average stack (SMA-5, EMA-5, SMA-10, SMA-20) is fully bearish, and RSI-14 at 33.74 is approaching oversold without confirming it. For the next session, the level to watch on the downside is 115.19 (today's low), with 110.00 as the next round-number level if that fails; on the upside, 120.00 and the 122.75–123.54 zone are the first levels that would need to be reclaimed to suggest the slide is stabilizing.

Sources

1. Chip Stocks Retreat As Yemen's Houthis Enter The War; Alphabet, Tesla Earnings Ahead — Benzinga
2. Is SpaceX Stock's 45% Drop a Buying Opportunity? Cathie Wood Thinks So — These ETFs Are Making the Biggest Bet — Benzinga
3. SpaceX Stock Faces an Ugly 25-Year Market Pattern Post-IPO — Benzinga
4. 8 Communication Services Stocks With Whale Alerts In Today's Session — Benzinga
5. Predicting SpaceX's Valuation at the End of 2026 — The Motley Fool
6. CoreWeave Stock Jumps as Power Access And AI Demand Lift Growth Hopes — Benzinga
7. SpaceX Explores 1-Gigawatt Texas Data Center to Expand AI Computing — Benzinga
8. QUICK SPARK: SpaceX To Report First Public Earnings On August 4 — Details And Estimates Inside — Benzinga
9. What History Says About Stocks That Join the Nasdaq-100 and What It Means for SpaceX — The Motley Fool
10. Should You Buy SpaceX Stock Before Aug. 4? — The Motley Fool
11. 'SpaceXAI Explores Major Data Center Expansion in Texas' - The Information — Benzinga
12. AT&T Surprises Wall Street With Strong Subscriber Growth — Benzinga
13. Elon Musk Just Claimed That "SpaceX Will Be Worth More Than Earth," but the Bond Market Strongly Disagrees — The Motley Fool
14. SpaceX Hosts First Earnings Call Since Its IPO. Is SpaceX a Buy Ahead of the Aug. 4 Earnings Release? — The Motley Fool
15. Elon Musk Denies Report Claiming Foxconn Won $52 Billion SpaceX AI Server Deal: 'This Is Fake News' — Benzinga
16. Alpaca Markets (SIP) — market data

Disclaimer

This report is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. All data is sourced from Alpaca Markets and the cited news providers as of the timestamps noted above and may be incomplete or subject to revision. Readers should verify all figures independently and consult a qualified financial advisor before making any investment decision.