SPACEX

Shares closed Monday at $114.53, down 15% from the initial public offering price and nearly 49% below the record high of $225 reached just days after trading began.

A discarded piece of a SpaceX rocket is expected to crash into the moon at a speed of 5,400 mph on Wednesday, creating a debris plume large enough that it might be visible from Earth with a telescope.

Along with SpaceX earnings, the market participants will be looking at the continued progress of its space and artificial intelligence (AI) companies. The focus would also be on the indicators about the growth of the Starlink satellite internet business.

Elon Musk denies reports of a Tesla China spinoff and SpaceX merger as stock prices for both companies plunge, amid SpaceX's campaign to sever financial, personnel and supply chain ties with China.

Hedge funds made billions after index providers changed their rules to fast-track SpaceX so soon after its IPO, triggering $4.3 billion in forced passive buying.

Since reaching recent highs in mid-June, SpaceX shares have tumbled nearly 50%, while Tesla has fallen about 18% following last week's earnings report.

House financial disclosure filings showed that at least six members of the House of Representatives acquired SpaceX shares days after the company's public debut.

SpaceX's continued rout has wiped over $1 trillion in market value.

According to data from analytics firm Ortex Technologies, short sellers have continued to increase their bearish wagers against SpaceX even after the stock's steep decline.

Elon Musk said that investors short-selling SpaceX had an extremely slim chance of making it. Their numbers are increasing anyway.

SpaceX has raised tens of billions from investors, but its plans for AI infrastructure, Starlink expansion and advanced manufacturing could require over $200 billion over the next decade.

Shares of Elon Musk's rocket and satellite company traded near $126 on Friday, about 7% below their $135 IPO price and more than 40% below their all-time intraday high of $225.64.

SpaceX aborted the launch of its Starship rocket on Friday shortly before the expected time.

Short sellers have made billions as SpaceX shares fell below the IPO price and more shares will hit the market soon.

Short sellers are piling up their bets against SpaceX as the company's stock falls after its IPO last month.

SpaceX's stock briefly dropped below its IPO price on Wednesday.

SpaceX's stock continues to fall on Monday, getting close to its IPO price.

SpaceX shares extended their recent decline on Wednesday, closing at $148, marking the second consecutive trading session below the company's June 12 opening price of $150 per share.

Russian forces are deploying a jamming system known as the Volna Kupol Garant, which reportedly emits a signal powerful enough to destabilize Starlink connections.

SpaceX officially joined the Nasdaq-100 on Tuesday, becoming one of the fastest companies ever added to the technology-heavy benchmark after its blockbuster initial public offering less than a month ago.

SpaceX Nasdaq-100 inclusion triggered $4.3 billion in forced buying from QQQ index funds as Nasdaq's new fast-entry rule added SPCX after just 15 trading days — millions of 401(k) and IRA holders are now automatic SpaceX shareholders, with the August 6 lockup expiry and first earnings report as the real near-term test.