21:44 - 28.07.2026

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July 28, Fineko/abc.az. SpaceX stock continues its downward trend, falling nearly 50% from its June peak and wiping out over $1.2 trillion in market capitalization—dropping to roughly the level of Tesla.

On July 27, the shares fell by more than 1%, posting losses in 13 out of the last 16 trading sessions. Despite the sharp decline, some investors are betting on a rebound, while strong demand for put options highlights a prevalence of defensive strategies.

Key risks ahead include the company's first post-IPO earnings report and the potential sell-off of up to 20% of shares as lock-up restrictions begin to expire in August. Analysts note that the sell-off reflects a shift in market sentiment, with investors increasingly punishing companies for heavy capital expenditure, particularly in AI initiatives.