Can SpaceX earnings revive SPCX stock after its 52% plunge?

SpaceX stock is attempting to stabilize near $110 ahead of its first post-IPO earnings report, but a $100 billion share unlock could limit any recovery. Summary SPCX has fallen 52% from its June intraday peak of $225.64. Analysts expect $6.88 billion in revenue and a loss of $0.23 per share. The 4-hour chart shows improving momentum after SPCX exited a descending channel. Up to 911.5 million shares become eligible for sale on Aug. 6. A recovery requires SPCX to reclaim $120, followed by the $130 resistance area. SpaceX will report its second-quarter results after the US market closes on Aug. 4, giving investors their first detailed look at the company since its June initial public offering. The report arrives at a difficult point for SPCX stock. Shares recently traded at $110.41, down about 18% from their $135 IPO price and roughly 52% below the June intraday high of $225.64. That decline has reduced some of the valuation premium created by the IPO’s limited float. However, the company is still valued at roughly 35 to 37 times projected 2026 revenue, leaving little room for weak results or cautious guidance. SpaceX earnings face unusually high expectations Wall Street expects Space...