SPCX, ORCL, and QS Stocks Hit 52-Week Lows
Shares of SPCX, ORCL, and QS plunged to 52-week lows today. The Yahoo Finance headline asks why these stocks fell but provides no details.
Why it matters: No specific reasons for the drop are available yet.
Nasdaq, Dow, S&P 500 Futures Slip As Chip Selloff Overshadows Strong Earnings Season
U.S. stock futures extended declines overnight as a broad technology and semiconductor selloff weighed on markets, with Nasdaq-100 futures down 0.61%, Dow futures down 0.41%, and S&P 500 futures down 0.38%. The rout was triggered by TSMC raising its 2026 capital expenditure forecast to $60–64 billion from $52–56 billion, sparking concerns over the sustainability of AI spending; semiconductors led the drop with MU, AMD, INTC, and AVGO each falling over 5%, and the SMH ETF slumping nearly 4%.
Why it matters: Geopolitical tensions added pressure as the U.S. continued strikes on Iran for a sixth consecutive day, pushing oil prices higher, though some analysts characterized the pullback as a mid-cycle correction rather than a full-cycle top.
ASTS, RKLB Stocks Sink To Multi-Month Lows While SPCX Holds Steady – Piper Sandler Says Elon Musk's Company Is Yet To Prove Itself
AST SpaceMobile (ASTS) and Rocket Lab (RKLB) shares plummeted over 15% and 10% respectively on July 16, 2026, ahead of SpaceX's Starship test flight, even as Piper Sandler initiated coverage of all three space stocks. Piper Sandler named ASTS its preferred pick with an 'Overweight' rating and $100 price target, citing a more palatable valuation and partnerships with major mobile network operators, while assigning RKLB a 'Neutral' rating with an $83 target.
Why it matters: ASTS' decline was compounded by the pricing of a $1 billion convertible senior notes offering with a $79.57 conversion price, and JPMorgan noted the upcoming Starship test outcome could influence sentiment toward SpaceX and its related public equities.
ASTS, RKLB Stocks Sink To Multi-Month Lows While SPCX Holds Steady – Piper Sandler Says Elon Musk's Company Is Yet To Prove Itself
AST SpaceMobile (ASTS) and Rocket Lab (RKLB) shares plummeted over 15% and 10% respectively on Thursday, hitting multi-month lows ahead of SpaceX's latest Starship test flight, despite Piper Sandler initiating coverage of all three space-sector names. ASTS's selloff was compounded by the pricing of a $1 billion convertible senior notes offering with a $79.57 conversion price, well above its ~$57 trading level; Piper Sandler assigned an 'Overweight' rating and $100 target, citing ASTS's more palatable valuation and mobile network operator partnerships.
Why it matters: Piper Sandler rated RKLB 'Neutral' with an $83 target, noting its Electron vehicle dominates small-payload launches but trades at a premium to SpaceX, while SpaceX (SPCX) received a 'Neutral' rating and $156 target as Piper Sandler said the market needs more time to be convinced of its AI data center ambitions; SPCX traded flat.
SPCX Stock Struggles Ahead of August Earnings and Share Unlocks
SpaceX (SPCX) closed at $135.27, its first close below the $135 IPO price since its June 12 Nasdaq debut, with roughly 95% of shares still locked and only about 5% in free float. Analysts expect SpaceX's first quarterly earnings in the first week of August, which also triggers the first scheduled share unlock releasing roughly 20% of previously restricted shares, plus a bonus 10% tranche if shares trade 30% above IPO.
Why it matters: The stock's failed Nasdaq-100 inclusion and declining price have erased post-IPO retail gains, though some technical analysts see a rebound toward $158; the key uncertainty is whether insiders will sell into the newly available float.
Gary Black Says SpaceX Stock Still 'Ridiculously Overvalued' After 45% Selloff
SpaceX shares (SPCX) fell 5.43% to $123.60, trading about 9% below its $135 IPO price and roughly 45% off its intraday peak of $225.64. Future Fund Managing Director Gary Black said the decline validates his warnings, arguing the stock remains 'ridiculously overvalued' at 45x FY2026 EV/Revs and criticizing the $85B IPO structure for engineering a supply-demand imbalance with less than $100B free float supporting over $2T in paper value.
Why it matters: Black noted that despite the steep selloff and heavily scrutinized prospectus, most Wall Street analysts still carry Buy ratings while only Morningstar has a Sell rating, concluding 'that says it all.'
SPCX Put Assignment Risk and Bearish Outlook
A trader faces early assignment on deep in-the-money SPCX puts, calling it one of their worst trades. They expect the stock to drop further to $75-80 next month and below $40 by year-end, with long calls losing value once unlocks begin.
Why it matters: The trader warns against trading on the IBKR app while drunk, attributing the mistake to mixing alcohol with trading.
GOOGL earnings 7/22 the GAAP number is going to look insane
A WSB poster argues that GOOGL's Q2 GAAP EPS will massively beat the $2.89 consensus estimate, potentially reaching $5-7, due to a $70B unrealized gain from Google's ~5-6% stake in SpaceX following its June 12 IPO. With SPCX closing at $170.86 on June 30, Google's SpaceX stake jumped from ~$40B to ~$113B, and this mark-to-market gain must now be reported through the income statement at face value for the first time as a tangible asset.
Why it matters: After taxes and share count, the gain could add ~$4.50 to EPS, but analysts exclude this below-the-line item from estimates since it's tied to a single closing price on one day and was historically downplayed by Google.
Trader Flips Multiple Positions Without Stop Loss During Meeting
u/Megarobot742 posted that they had a winning streak but got greedy and flipped SNDK, QQQ, SMCI, and SPCX positions without setting a stop loss. The trader missed placing the stop loss because they were in a 12:40 meeting, leaving the positions fully exposed to downside.
Why it matters: The post reflects a classic WSB cautionary tale about letting greed override risk management on a string of winning trades.
Reddit users mock Elon Musk over SPCX ETF performance
A Reddit user sarcastically thanked Elon Musk for a product called SPCX. The discussion notes that SSPC is a 2x short ETF on SPCX.
Why it matters: The post reflects community frustration or amusement with the ETF's performance.
SPCX YOLO Down 36% After Four Weeks
A trader who invested $315,000 in SpaceX via SPCX at $211 is now down 36%. The current value of the position is approximately $202,000, representing a paper loss of $113,000.
Why it matters: The post serves as a four-week follow-up on the original high-risk bet.
SpaceX Stock Below IPO Price, But Dividend Stock Preferred
Elon Musk's SpaceX stock (SPCX) has fallen below its IPO price. Despite this, the author states they would rather buy a dividend stock in July.
Starship Flight 13 seen as critical for SpaceX launch expansion: Raymond James
Raymond James highlights Starship's Flight 13 as a key test for SpaceX's efforts to increase launch frequency. The flight is considered important for the company's broader push to scale operations.
SpaceX Not an Investment, Article Argues
A Seeking Alpha article titled 'You Shouldn't Call SpaceX An Investment' discusses the company's investment suitability. The article references the ticker SPCX, but no additional details are provided in the summary.
SpaceX (SPCX) Launches Northrop Grumman Repair Mission And Opens A New Service Market - Yahoo Finance
SpaceX (SPCX) Launches Northrop Grumman Repair Mission And Opens A New Service Market Yahoo Finance
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.
SpaceX shares face fresh pressure as lockup expiration approaches (SPCX) - Yahoo Finance
SpaceX shares face fresh pressure as lockup expiration approaches (SPCX) Yahoo Finance
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.
SpaceX Stock: Why IPO History Prompts A Double-Upgrade (NASDAQ:SPCX) - Seeking Alpha
SpaceX Stock: Why IPO History Prompts A Double-Upgrade (NASDAQ:SPCX) Seeking Alpha
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.
SpaceX sheds about $1T in market value from June peak (SPCX:NASDAQ) - Seeking Alpha
SpaceX sheds about $1T in market value from June peak (SPCX:NASDAQ) Seeking Alpha
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.
SpaceX will land on the moon while $SPCX crashes (with positions)
$SPCX is going one way: down. We all know Musk loves pumping his stocks through hype, FOMO, and soft market manipulation (taking Tesla private?). This could not be truer than for SpaceX, which is like if you took every buzzword in business today, put it in a blender, and then IPO'd the resulting scrambled eggs of a business plan. Rockets building AI datacenters to power social media chatbots? Are we insane? Here is my DD: SpaceX is the most successful rocket company ever. It is contracted by NASA to build a moon lander. SpaceX -> moon. But today is opposite day. If the AI bubble pops, it's going to start with SpaceXAI (fire the intern that suggested that). Does a sun synchronous orbit get 24/7 sun to power satellites? Yes. Does it make sense to incinerate your AI datacenters every 3 years in the upper atmosphere when South Korea is doubling their GDP selling HBM? No. Twitter- I mean, X (didn't mean to dead name) is not an advertising powerhouse. It makes about the same amount of money
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.
SpaceX at All-Time Low a Month After IPO: Time to Buy SPCX or Wait? - Zacks Investment Research
SpaceX at All-Time Low a Month After IPO: Time to Buy SPCX or Wait? Zacks Investment Research
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.
My portfolio before and after SPCX
  submitted by   /u/OrwellsWarning [link]   [comments]
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.