SpaceX stock dips as Elon's other company — Tesla — reports Wednesday night - Yahoo Finance

What the report says

Yahoo Finance reported that SpaceX shares were down more than 5% on Wednesday, July 22, 2026, as investors watched both the company’s recent slide and the upcoming second-quarter earnings report from Elon Musk’s other major company, Tesla, due after the market close. The report said SpaceX’s stock had fallen 20% since early the prior week, despite a rebound on Tuesday.

According to Yahoo Finance, the weakness followed SpaceX’s decision to call off a planned Starship V3 launch attempt the previous Thursday night because of an engine issue. The stock then declined in the next trading session and reached an all-time closing low of $119.85 on Monday. The article noted that some market watchers were focusing on $100 as a possible next level, while also citing a loss of more than $1.1 trillion in market value.

The report said SpaceX is targeting Thursday as the earliest next test opportunity for Starship. Investors are also looking ahead to Aug. 4, when Yahoo said the company is expected to release second-quarter financials, with attention on Starlink growth, AI compute deals and spending tied to AI products such as Grok. Another key date is Aug. 6, when as many as 900 million insider shares may become eligible for trading.

Tesla’s results matter to SpaceX shareholders, Yahoo Finance reported, because Musk has reportedly discussed combining the two companies. The article said a potential transaction could become harder if SpaceX’s valuation declines while Tesla’s rises, particularly because the belief is that SpaceX would be the acquirer.