SpaceX Short Volume Hits 10 Day High Ahead of Earnings

SpaceX is facing intense pressure in the stock market as short volume recently climbed to a ten day high. Traders are loading up on bearish positions ahead of the company's first quarterly earnings report as a public firm, scheduled for Tuesday. The stock has experienced a sharp decline recently, falling well below its initial public offering price and hitting an all time low of $107.01.

The recent selloff follows a massive initial valuation when the firm went public with a market capitalization of $1.77 trillion, despite reporting a loss of nearly $2 billion in the first quarter of 2026. While long term optimists point to massive future revenue potential and huge addressable markets, skeptics worry about stretched valuations and heavy reliance on large data center and compute deals with partners like Google and Anthropic.

Looking ahead to the upcoming financial report, Wall Street expects sales to top $6 billion, but analysts still forecast a loss per share of $0.26. To complicate matters further for retail investors, the first insider share lockups expire just days after the earnings release, which could add even more downward pressure to the price.

Traders should keep a close eye on Tuesday's filing for any surprises in revenue growth or management guidance, while also watching how the market reacts to the impending insider token or share unlocks.