SpaceX has now lost the equivalent of a full Tesla in market capitalization
๐ฐ source: cnbc_topnews ยท ๐ technical
spacex has lost over $1.2 trillion in market cap since its june high of $225.64, now trading at $113.50 after falling 13 of the last 16 sessions. the stock's decline mirrors tesla's recent drop.
trading volume showed 106,000 calls vs 77,000 puts, but $442 million in premium was mostly on puts. however, four of the five biggest trades by premium were neutral or bullish, including a multimillion-dollar put-spread sale. small speculators continue buying cheap call options with low probability.
spacex's first earnings report since its ipo is due next week, unlocking 911.5 million shares for sale starting aug. 6. trader charles moon says the lockup may not be as bad as feared but won't help.
why it matters: spacex's post-ipo lockup expiry and options flows signal potential volatility, affecting tech and ai stock sentiment.
source: cnbc_topnews
sentiment: -0.80 ยท impact: 0.70