Key HighlightsSPCX reached a record low of $109.53 on Monday, marking approximately a 50% decline from its peak of $225.64Shares have declined nearly 30% below the company’s $150 initial public offering price from last monthFirst quarterly earnings report scheduled for August 4, with significant lock-up period ending August 6 that could release up to 20% of restricted sharesFlight 13 of Starship completed successfully, releasing 20 Starlink V3 satellites into orbit, though Super Heavy booster landing attempt fell shortThe company has ceased accepting new Falcon 9 launch contracts past 2028, placing critical importance on Starship’s operational successShares of SpaceX (SPCX) continued their downward trajectory Tuesday morning, falling an additional 4% during early trading hours. This followed Monday’s session where the stock touched a fresh all-time low of $109.53 before settling at $113.50, representing a 1.4% daily loss.Space Exploration Technologies Corp., SPCXThe aerospace company’s shares have now retreated nearly 30% below the $150 initial public offering price established just a month ago. Measured from the all-time peak of $225.64, the decline approaches 50%. This market capitalization erosion — exceeding $1.2 trillion — rivals the entire market value of Tesla (TSLA).SPCX has experienced declines in 13 of the past 16 trading sessions through Monday’s close.The persistent sell-off continues even following a triumphant Starship test mission last Friday. During its 13th orbital test, the vehicle successfully delivered all 20 advanced Starlink V3 satellites to orbit, executed an in-space engine restart, and achieved what company officials characterized as the gentlest ocean landing yet attempted.“I’m a little over the moon right now,” SpaceX spokesperson Dan Huot said during the company’s livestream. “Lucky number 13.”However, the mission encountered some challenges. The Super Heavy booster was unable to ignite all 13 engines during its landing sequence and impacted the Gulf of Mexico with greater force than planned. Neither the booster nor upper stage was intended for recovery during this particular flight.Chief Executive Elon Musk indicated that SpaceX plans to attempt capturing the Starship upper stage with the “Mechazilla” tower’s mechanical arms on the upcoming flight, contingent on satisfactory results from the current mission’s data analysis.Quarterly Results and Share Unlock Creating Investor UncertaintyMarket participants are growing increasingly nervous as SpaceX prepares to release its inaugural quarterly earnings report on August 4. Just 48 hours later, on August 6, approximately 911.5 million stock units currently under restriction — representing roughly 20% of locked shares — will become eligible for sale.“I don’t think the lock-up on SpaceX will be as bad as everyone fears,” said Charles Moon, a tech and momentum specialist at Prosper Trading Academy. “But it’s not going to help the cause either.”Monday’s options trading revealed a complex sentiment picture. While traders purchased 106,000 call contracts compared to 77,000 puts by volume, the majority of the $442 million in total premium was concentrated in put options. The highest-volume contract was a 330-strike call expiring Friday — trading at just 10 cents with approximately a one-third of 1% probability of profitability.Company’s Future Hinges on Starship PerformanceSpaceX has executed a strategic shift away from its workhorse Falcon 9 rocket. The company has discontinued accepting dedicated Falcon 9 launch contracts beyond 2028, stopped Falcon 9 rideshare bookings, and scaled back manufacturing of certain non-reusable Falcon 9 and Falcon Heavy components.This strategic transition places tremendous weight on Starship to deliver consistent, large-scale performance. The company aims to conduct dozens of Starship missions next year, scaling to hundreds by 2028, with projections reaching thousands of launches in subsequent years.“As a trader, Wall Street is now punishing the AI stocks for capex,” Moon said.Alex Morris, CEO of F/m Investments, recognized the short-term challenges while maintaining an optimistic outlook. “SpaceX doesn’t really have a natural competitor base. They have a good product with an intergalactic-sized moat, and more customers every day.”As of 9:58 AM EDT Tuesday, shares were changing hands near $107.The post SpaceX (SPCX) Shares Plunge 50% From Peak as Lock-Up Period Ending Looms appeared first on Blockonomi.