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Earnings Outlook
SpaceX’s stock snaps brutal losing streak ahead of key Starship rocket launch
Plus, investors just found out when insiders can start dumping their shares
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Updated July 21, 2026, 4:59 p.m. ET
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SpaceX’s stock climbed on Tuesday to snap a bruising seven-session losing streak.
The stock shed 21% during that period, creating a juicy buying opportunity for investors, according to Macquarie analysts led by Paul Golding. They wrote in a Monday note to clients that SpaceX’s
“story” is virtually unchanged even as its stock has taken a beating.
“We see the pullback presenting an opportunity to gain exposure to the leader across launch, communications and space infrastructure,” Golding said. Macquarie rates SpaceX’s stock at outperform with a $250 price target, implying room to more than double off Monday’s closing price of $119.85 a share.
SpaceX shares bounced higher Tuesday, surging as much as 8.4% on an intraday basis. The stock closed the day up 3.7%, its biggest one-day gain since June 30, according to Dow Jones Market Data.
SpaceX added $48.96 billion in market cap on Tuesday, closing at $1.639 trillion, according to Dow Jones Market Data. That made it, once again, the seventh-largest U.S. company by market cap, taking back the spot it ceded to Meta Platforms
on Monday.
The gains come a day after SpaceX announcedit would report second-quarter earnings on Aug. 4. Unlike most earnings-date announcements, SpaceX’s timing is significant, as it reveals when insider lockup periods begin to expire.
On the second full trading day following the report — Aug. 6 — up to 911.5 million class A common shares held by SpaceX employees and investors will be made available for sale. Under certain conditions, up to 37% of insider shares that are subject to a 180-day lockup could be released in August. Stock held by CEO Elon Musk and select other insiders is subject to a longer lockup.
“Investors should monitor this event for potential volatility driven by both earnings performance and the supply overhang from the expiring lock-up,” Clear Street Research analysts advised in a July 7 note to clients.
On Thursday, SpaceX plans another attempt at its 13th Starship rocket launch, a full week after it was forcedto scrub the test. Proving the rocket to be a reliable launch vehicle is crucial for SpaceX to achieve its goals.
Read more: Tesla earnings are on deck, and investors will be looking to settle this major debate
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About the Author
William Gavin is a tech reporter for MarketWatch. He is based in New York.
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