SPCX — Record-Low Close · Down 50% From June ATH $141.02 · Down 34% This Month

Price Details

Today from Barchart and Barchart X:

- **Close status**: Lowest closing price in history

- **June ATH**: $141.02

- **From ATH**: -50%

- **This month (July) decline**: -34%

- **Aug 4 earnings**: Imminent

- **Selling signal**: Slowing ahead of earnings

Meaning of -50% From ATH

$141.02 × -50% = ~$70 level. Consistent with recent -50% ATH and record-low close reports · this situation sustained today.

**Price Flow (Recent)**

- June: ATH $141.02

- July: Sustained decline · -34%

- 7/29: First reached -50% ATH

- 7/30: Record-low close (per 7/31 report)

- Today: Record-low close · -50% ATH sustained

Selling Slowdown Signal

Barchart X: 'Down 34% this month but selling appears to slow ahead of Aug 4 earnings.' This means:

1. **Waiting for uncertainty resolution**: Earnings will confirm next direction

2. **Sell pressure exhausted**: 3 weeks of -34% = many sellers exited

3. **Low-price buying inflow**: Cathie Wood etc. sustained buying

4. **Earnings surprise expectation**: Recent government contract accumulation etc. positive events

Price vs Fundamentals Divergence

**Price (Bearish)**

- Lowest close in history · -50% ATH · this month -34%

**Fundamentals (Bullish)**

- US Space Force $1.8B contract (today $3.4B in 2 days)

- Cathie Wood this week $50.2M buy

- Musk '99.99% compute to space' frame

- Colossus 1.2 GW BlackRock ArcLight partnership

- NASA Super Heavy V3 wind-tunnel test

- Baron $30-40T · Jonas $135 · Duffy · Moskowitz multi-layer bull

**Extreme divergence · Aug 4 earnings decides direction.**

Recent SPCX Flow Summary

Recent SPCX reports:

- **7/23**: Cathie Wood 'most important company' re-amplified

- **7/25**: Jonas $135 · All-in Starship

- **7/27**: Ron Baron 20-30× · NASA Admin

- **7/28**: Moskowitz 6th buy · Flight 13

- **7/29**: Record-low close · -50% ATH · Wood 10-yr lead

- **7/30**: US Space Force $1.6B · Wood SPCX/TSLA buy

- **7/31**: US Space Force $1.8B · through 2027 · Wood this week $50.2M

- **Today**: Record-low close continues · Aug 4 earnings ahead · selling slows

Fundamental accumulation + price divergence + earnings imminent = triple situation.

Aug 4 Earnings Scenarios

**Scenario A: Beat / Bull**

- Price rebound trigger · Wood frame justified

- Recovery starts from -50% ATH

**Scenario B: Miss / Bear**

- Further downside risk · fundamentals vs price divergence sustained

- But rebound room from lowest close

**Scenario C: Mixed**

- Divergent reactions per metric

- Starship / Starlink / NSSL detail confirmation

Watch Next

(1) Aug 4 first earnings result, (2) Wood follow-through · other institutional flow, (3) Starship V4 roadmap · Flight 14 ship catch, (4) SPCX reaction to macro correction.