On July 30, SpaceX rose 3.18% in pre-market trading, trading at $116.22/share, with turnover of $70.51 million. The rebound follows a sustained decline that saw the stock lose over 50% from its June high of $225.64.
On the news front, the US Space Force announced that SpaceX has been awarded a $1.6 billion contract to execute 18 Falcon 9 rocket launches by the end of 2027, deploying military satellites designed for detecting and tracking aerial targets. The contract falls under the National Security Space Launch Phase 3 Lane 1 program, which set a record two-month acquisition timeline from requirement identification to award. Reports indicate SpaceX has secured at least $7 billion in Pentagon contracts this year alone, reinforcing its dominant position in national security launch services. Separately, SES CEO expressed strong interest in becoming a Starship customer, and SpaceX is reportedly seeking to acquire Terrestrial Spectrum, signaling continued business expansion.
The stock remains under significant pressure from approximately $116 billion in insider shares set to unlock on August 6, with short interest exceeding $260 billion. The company is scheduled to report its first-ever public quarterly earnings on August 4.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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