ChainCatcher report: SpaceX's stock closed at $113.50 on Monday, down nearly 50% from its historical high of $225.64 in June, with a cumulative market cap loss exceeding $1.2 trillion—nearly equivalent to the full market value of Tesla, another company under Musk’s control. The stock has declined on 13 of the past 16 trading days. On the options market, put volume exceeded call volume on the day, but four of the top five premium trades were neutral or bullish strategies. SpaceX is set to release its first earnings report since going public next week, followed by the lock-up expiration on the second full trading day (August 6), allowing investors to sell up to 911.5 million shares, representing 20% of its eligible holdings. Market participants believe the impact of the lock-up expiration may be lower than widely feared, but it still poses downward pressure on the stock price.
SpaceX market cap falls more than $1.2 trillion since June high
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Summary
SpaceX's market cap has dropped more than $1.2 trillion since its June high, with shares closing at $113.50 on Monday, down nearly 50%. The stock has declined in 13 of the past 16 trading sessions. In the options market, put volume exceeded call volume, though four of the top five premium trades were neutral or bullish. On-chain data indicates significant selling pressure ahead of next week’s earnings report. A lock-up expiration on August 6 could release 911.5 million shares, representing 20% of eligible holdings. Analysts anticipate some downward pressure but not a full-scale sell-off.
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