Starship

Tesla

<p>SpaceX stock has fallen to $119.79 after seven straight losing sessions, leaving SPCX 11% below its $135 IPO price before Tesla’s second-quarter earnings and a renewed Starship launch attempt.</p>
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 <div class="cn-block-summary__nav tabs"><span>Summary</span>
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   <li>SpaceX stock closed 3.34% lower at $119.85 before recovering slightly after hours.</li>
   <li>SPCX faces resistance near $125 as Tesla earnings and Starship Flight 13 approach.</li>
   <li>ARK Invest bought another $18 million in shares despite continued selling pressure.</li>
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<p>TradingView’s one-hour chart shows SPCX pressing against the lower boundary of a descending channel that has guided the stock down from around $170 at the start of July. The shares closed 0.93% lower in the chart’s latest session after trading between $119.69 and $121.03.</p>
<p>Although SPCX gained about 1.6% before Monday’s opening bell, the advance faded during regular trading as sellers extended the stock’s losing run. T/he shares ended Monday below $120, about 47% under the post-IPO peak above $225 reached in June. SpaceX’s investor relations page placed the stock near $122.50 earlier in Monday’s session.</p>
<figure class="wp-block-image size-full"><img width="1022" height="491" src="https://media.crypto.news/2026/07/Screenshot-2026-07-21-025445.webp" alt="SpaceX stock falls 3.34% to $119.85 before a slight after-hours rebound.">
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  Source: <a href="https://finance.yahoo.com/quote/SPCX/" rel="noopener noreferrer nofollow">Yahoo Finance</a>
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</figure>
<p>Attention has now turned to Tesla, which will publish its April-to-June results after markets close on July 22. Tesla’s investor relations department <a href="https://ir.tesla.com/press-release/tesla-second-quarter-2026-production-deliveries-and-deployments" rel="noopener noreferrer nofollow">said</a> management will hold its earnings webcast at 5:30 p.m. Eastern Time on the same day.</p>
<p>Tesla’s own analyst consensus calls for quarterly revenue of $27.58 billion and net income attributable to common shareholders of about $1.28 billion. The estimates follow second-quarter production of 451,758 vehicles and deliveries of 480,126 vehicles, according to the electric-car maker.</p>
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<p>Speculation about a combination between Tesla and SpaceX has increased the report’s relevance for SPCX investors. According to JPMorgan analyst Ryan Brinkman, a possible transaction appears “strategically coherent on paper,” given the companies’ shared leadership and overlapping activities.</p>
<p>JPMorgan identified possible links across artificial intelligence, robotics, energy, transport and space. The bank also noted that Elon Musk leads both companies, while their engineering resources and long-term technology plans could support operational cooperation. However, JPMorgan presented the transaction as a possible strategic fit rather than a confirmed negotiation.</p>
<h2 class="wp-block-heading" id="descending-channel-keeps-spcx-under-pressure">Descending channel keeps SPCX under pressure</h2>
<p>On the one-hour chart, SPCX remains inside a falling parallel channel formed through a sequence of lower highs and lower lows. TradingView data places the lower channel boundary around $118 to $120, making this range the first technical level to watch after the stock’s slide below $123.</p>
<figure class="wp-block-image size-full"><img width="1827" height="954" src="https://media.crypto.news/2026/07/SPCX_2026-07-21_02-48-50.webp" alt="SpaceX one-hour chart shows SPCX falling to $119.85 before a slight after-hours recovery.">
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  Spacex price chart — July 21 | Source: TradingView
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<p>A rebound from the channel floor would initially bring the upper boundary near $125 into focus. Based on the chart structure, a confirmed move above that line would break the immediate pattern and could open a recovery toward the $135 IPO price, which has changed from support into resistance following last week’s decline.</p>
<p>Failure to hold $118 would instead extend the channel breakdown and remove the clearest visible support on the one-hour timeframe. Under that scenario, the chart leaves the psychological $100 level as the next major downside area, although price would need to confirm a close beneath the channel before that target becomes active.</p>
<p>Selling pressure remains visible in the Chaikin Money Flow reading of minus 0.13. A value below zero means the indicator has recorded more distribution than accumulation during its 20-period window, limiting evidence that buyers have taken control at current prices.</p>
<p>At the same time, the Average Directional Index stands at 31.72. As ADX readings above 25 usually signal a developed trend, the indicator shows that SPCX’s existing downtrend still carries strength even as the stock tests the channel floor.</p>
<p>ARK Invest has continued buying during the decline. As crypto.news reported, Cathie Wood’s firm purchased 147,805 SpaceX shares worth more than <a href="https://crypto.news/cathie-wood-buys-spacex-after-stock-sinks-post-ipo-low/" rel="noopener noreferrer nofollow">$18 million</a> on July 17, dividing the position among four exchange-traded funds. The purchases followed a weekly loss of nearly 15%, which pulled SPCX below its offer price. Investor’s Business Daily</p>
<p>According to Barchart data, retail traders bought about $320 million of SPCX shares during July, making SpaceX the most sought-after U.S. stock among individual investors over the measured period. Earlier demand was also strong at listing, with crypto.news reporting that retail orders <a href="https://crypto.news/are-crypto-markets-at-risk-as-spacex-ipo-is-4x-oversubscribed/" rel="noopener noreferrer nofollow">exceeded $70 billion</a> before the June IPO.</p>
<h2 class="wp-block-heading" id="pentagon-talks-and-starship-test-offer-catalysts">Pentagon talks and Starship test offer catalysts</h2>
<p>Operational developments could compete with Tesla’s results for investors’ attention. Reuters <a href="https://www.reuters.com/business/media-telecom/musks-spacex-talks-provide-computing-power-pentagon-wsj-reports-2026-07-17/?utm_source=chatgpt.com" rel="noopener noreferrer nofollow">reported</a> that SpaceX is discussing a deal to provide the U.S. Department of Defense with data-center capacity for running AI models, citing an earlier Wall Street Journal report. People familiar with the talks reportedly valued the potential arrangement in the billions of dollars.</p>
<p>Such an agreement would add to SpaceX’s existing military work. In May, the U.S. Space Force awarded the company a $2.29 billion fixed-price contract to build a secure satellite network connecting military sensors and weapons systems.</p>
<p>SpaceX has also rescheduled Starship Flight 13 for July 23 after engine trouble stopped the July 16 attempt moments before launch. As crypto.news <a href="https://crypto.news/spacex-stock-sinks-post-ipo-low-starship-launch-abort/" rel="noopener noreferrer nofollow">reported</a>, the company modified the vehicle’s propulsion system and plans to carry 20 Starlink satellites during the test.</p>
<p>With SPCX sitting at the bottom of its falling channel, the TradingView chart makes $118 support and $125 resistance the immediate boundaries, while Tesla’s earnings, Pentagon negotiations and Thursday’s Starship test provide three event-driven catalysts.</p>
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SpaceX stock sinks below $120 as Tesla earnings and Starship test loom

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