SpaceX Stock Edges Higher as Satellite Repair Mission Lifts Sentiment Ahead of Earnings
Published on 07/22/2026 at 15:03 | Redaktion boerse-global.de
SpaceX shares clawed back some ground this week, closing at €108.32 on Tuesday after a pair of successful Falcon 9 launches within 24 hours gave investors a reason to pause the selling. The gain of 3.2% marked a modest recovery from Monday’s 52-week low of €104.88, though the stock remains deep in the red over the past month.
The catalyst came from an unusual payload. A Falcon 9 lifted off from Cape Canaveral carrying Northrop Grumman’s Mission Robotic Vehicle (MRV) and three Mission Extension Pods — essentially orbital “jetpacks” designed to refuel and extend the life of aging satellites in geostationary orbit. The booster stage B1069 completed its 32nd and final flight on the mission. For SpaceX, the launch signals a push beyond its core Starlink and cargo businesses into satellite servicing, a high-margin niche that could diversify revenue streams. Australian operator Optus and Luxembourg-based SES are already lined up as customers.
Hours earlier, a second Falcon 9 launched from Vandenberg Space Force Base carrying 24 Starlink satellites for the Group 17-39 constellation. That mission came just 24 hours after a rare engine abort during a previous attempt, demonstrating the company’s ability to resolve technical glitches quickly. Starlink now counts over 10 million subscribers globally and remains SpaceX’s primary earnings engine.
Should investors sell immediately? Or is it worth buying SpaceX?
Starship Test Rescheduled as Lockup Clock Ticks
Attention now shifts to Thursday, July 23, when SpaceX will attempt the 13th integrated test flight of its Starship vehicle in the “Block 3” or “V3” configuration. A first attempt on July 16 was scrubbed due to ignition issues with the Raptor engines. The launch window opens at 17:45 Texas time from Starbase, with a 90-minute window. The mission’s goal is a controlled soft ocean landing of the upper stage — a critical milestone for NASA’s Artemis III program, which the space agency confirmed on July 20 remains on track for a 2027 demonstration mission.
The test comes at a fraught moment for the stock. SpaceX’s first quarterly report since its June IPO is scheduled for August 4, and it will provide the first hard data on Starlink’s profitability and Starship’s financial trajectory. That report also triggers a staggered lockup expiration: roughly 911.5 million shares — equivalent to 6.97% of the 13.08 billion outstanding shares — become eligible for sale two full trading days after the earnings release. The prospect of fresh supply hitting the market just as investors reassess the valuation has added to the tension.
Short Sellers in the Crosshairs
The stock’s volatility remains extreme. The annualized 30-day volatility sits at nearly 91%, while the Relative Strength Index of 36.1 suggests the shares are approaching oversold territory. Short interest is estimated at 32% of the freely traded float — a level that has drawn warnings from Elon Musk, who has publicly cautioned that short sellers face significant risk if positive operational news triggers a squeeze.
From its June high shortly after the IPO, the stock has fallen 44.3% to current levels. Whether the satellite servicing business and Starship progress can close that gap will be decided in the coming weeks, as the company navigates a tightrope between operational milestones and the weight of an exceptionally high short position.
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