SpaceX Stock Slides to Record Low Before Key Milestones

SpaceX shares dropped to a record low of 108.66 dollars this week. This price point sits nearly 50 percent lower than the peak price recorded after the company went public. Investors are moving toward the sidelines as several high pressure dates approach.

The selling pressure stems from two major events scheduled for early August. First, the company is set to release its latest earnings report on August 4. Shortly after, the insider lock up period expires on August 6. This expiration could allow early investors and employees to sell billions of dollars in stock.

Beyond these events, the market is showing hesitation regarding the company valuation. Many traders remain cautious about whether the current price reflects the actual financial health of the business. Investors are keeping a close watch on how the stock reacts once the lock up period officially ends.