SpaceX stock is stuck between good news in space and bad news on the chart. That is the story right now. On Friday, SpaceX launched 20 Starlink V3 satellites using its Starship rocket. It was
SpaceX stock is stuck between good news in space and bad news on the chart. That is the story right now.
On Friday, SpaceX launched 20 Starlink V3 satellites using its Starship rocket. It was the 13th test flight of Starship. The mission worked. The stock did not care.
Shares of SPCX closed at $115.07, down 2.68% on the day. That price sits just 3.73% above the 52-week low.
For anyone watching the SpaceX stock price, this gap between engineering wins and market moves is the main talking point this week.
The launch was not the problem. Two dates on the calendar are driving the SpaceX stock price prediction conversation instead.
August 4 is SpaceX's first earnings report as a public company. Analysts expect revenue near $6.9 billion, a 47% jump from last quarter. They also expect a net loss of $0.28 per share.
For the full year, SPCX has guided to $18.67 billion in sales, alongside a net loss of $4.94 billion, largely tied to AI and Starship spending.
Two days later, on August 6, roughly 911.5 million insider shares become free to trade. That is the SpaceX share unlock investors keep mentioning.
It is a large chunk of the free float, and the market is already pricing in the risk. Even Nasdaq-100 inclusion did not help; shares fell 7.2% on that news instead of rising.
SPCX stock hit an intraday high of $225.64 on June 16, shortly after it began trading. Since then, the SPCX stock price has dropped about 49% from that peak.
In overnight trading, shares slipped further to around $112.80, down 1.97% from the regular close. That is continued selling pressure outside normal hours, and it matters for anyone tracking SpaceX stock news heading into next week.
SpaceX Stock Price Target: What the Chart ShowsThe 1-hour chart shows SPCX trading inside a descending channel. Sellers have been in control for weeks. That said, price recently bounced off the $111-$113 support zone.
The RSI has turned up from near-oversold territory. That is often a sign that selling pressure is fading, at least for now, and it opens the door to a short-term relief rally.
Level
Price
What It Means
Key Support
$111
Must hold to avoid deeper drop
Initial Resistance
$120-$125
First hurdle for a bounce
Breakout Target
$134
Possible if volume confirms
Downside Target
$105-$100
If $111 breaks
52-Week Range
$110.85 - $225.64
Full trading range so far
Market Cap
$1.516T (intraday)
Current valuation
As long as SPCX stock holds above $111, buyers may try to push it toward the upper channel line. Initial resistance sits at $120-$125, and a confirmed breakout on strong volume could extend the move toward $134.
A clean break below $111 would do the opposite. It would confirm the downtrend and raise the odds of a slide toward $105, maybe $100.
That is the open question. The setup right now favors a short-term bounce from support, but the broader trend is still cautiously bearish.
Trading activity backs this up. Volume data shows heavy turnover on Binance ($136.08M), OKX ($59.41M), and MEXC ($43.01M) for SPCX derivatives, with long positions outweighing shorts on major exchanges.
That leans toward more traders betting on a recovery than a further drop, though positioning can shift fast.
Liquidation data shows $345.79K in total rekt over 24 hours, split between longs and shorts, a reminder that this stock is seeing active two-way trading, not just one-directional selling.
The week ahead really comes down to two questions. Will the August 4 earnings report show a real path to profit, or confirm that AI and Starship spending will keep dragging results for years? And will the flood of newly tradable shares on August 6 push SPCX stock below its 52-week low?
The rocket flew. The satellites reached orbit. But for shareholders, the real test starts now.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Stock prices are volatile and can move sharply based on earnings, insider selling, and market sentiment. Always do your own research and consult a licensed financial advisor before making investment decisions.
