Why the stock is sliding
Two critical support zones have been lost in recent weeks. The $168–$171 range gave way in mid-June, followed by the $149–$153 level in early July. With no clear floor below $135, traders are watching for a potential breakdown. The first lock-up tranche — 20% of shares — is set to release around the company's second-quarter earnings in late July, adding further supply pressure. A second, bonus tranche of 10% requires SPCX to close above $175.50, a condition that looks nearly impossible given the current slide.
Starship Flight 13 as a catalyst
Thursday's Starship Flight 13 could shift the narrative. The mission will carry 20 operational Starlink V3 satellites, adding 60 Tbps of capacity. A successful launch might trigger a breakout from the falling wedge pattern visible on the hourly chart, which suggests a potential rebound to $157.89 — about 15% above current levels. The hourly RSI is showing a bullish divergence, the first since the correction began. But a failure risks a close below the $135 IPO price, with no chart support to catch the fall.
Lock-up and debt overhang
Beyond the lock-up tranches, SpaceX issued a $25 billion inaugural bond in June with coupons ranging from 5.35% to 6.65%. That debt load adds to the pressure on the stock, especially if earnings disappoint. The lock-up release timeline means more shares could hit the market just as the company reports results, creating a potential double whammy.
Analyst outlook and tokenized market
Evercore ISI initiated coverage with an Outperform rating and a $230 price target. The broker consensus sits at $225. Meanwhile, tokenized SpaceX products on Solana have attracted over 10,000 holders, contributing to $5.77 billion in tokenized stock volume in the second quarter. That retail interest hasn't been enough to prop up the share price so far.
All eyes are now on Thursday's launch. A successful flight could give SPCX the momentum it needs to break the falling wedge and reclaim lost ground. A failure would leave the stock with no support below $135.
ORIGINAL META DESCRIPTION: SpaceX stock (SPCX) trades near $135 IPO price after losing key support levels. Starship Flight 13 on Thursday could trigger a rebound or a breakdown below the record low. So I'll use that content. Note: The first paragraph says "Tuesday's record low of $135.52" but later meta says "record low" - consistent. Now translate to Albanian. Use proper terminology: "IPO" remains IPO, "support levels" -> "nivele mbështetëse", "falling wedge" -> "pykë në rënie" (technical term), "RSI" remains RSI, "bullish divergence" -> "divergjencë bullish", "lock-up" -> "bllokim" or "periudhë bllokimi", "tranche" -> "tranche" or "pjesë", "tokenized" -> "tokenizuar", "Solana" remains, "Evercore ISI" remains, "Outperform" -> "Mbi performancën" or keep as "Outperform" (common in finance). Use "aksionet" for stock, "çmimi" for price, "mbështetje" for support. Let's write the translation. Title: "Aksionet e SpaceX qëndrojnë afër çmimit të IPO-së ndërsa nivelet kryesore të mbështetjes shemben" Content: Wrap inand
