SpaceX Stock Drops 11% in Premarket as Lockup, Spending Fears Hit

August 5, 2026 · Markets · CryptoRefuge Team

SpaceX shares fell 11% in pre-market trading as investors focused on heavy capital spending and a looming insider share lockup.

$18.4 billion in capital spending has been reported, with a projected $200 billion in capital expenditures for both 2027 and 2028. The drop in stock price is a concern for the company, which has been investing heavily in its operations.

Investor concerns about capital spending and insider share lockup are likely to cause a short-term drop in SpaceX's stock price.

"We now project capex of nearly $200 billion in both 2027 & 2028, which further pressures free cash flow in 2027, a trend we see across the hyperscalers." — JPMorgan According to JPMorgan, this trend is seen across hyperscalers, putting pressure on free cash flow in 2027.

SpaceX's financial health is a topic of discussion, with the company reporting a $541 million net loss and $7.8 billion in revenue.

$7.8 billion in revenue and $3.5 billion in adjusted EBITDA have been reported by the company. The company's adjusted EBITDA is $3.5 billion.

The current share price of SpaceX is $111.80, down from a previous price target of $225 and a new price target of $240.

$111.80 is the current share price, with a previous price target of $225 and a new price target of $240. Analysis: If capital spending concerns persist, SpaceX's stock price may continue to drop, but a positive cash flow could lead to recovery. A break below $111.80 would signal a further decline in investor confidence.

SpaceX holds 18,712 BTC, valued at $1.1 billion, with a loss in value of $195 million.

18,712 BTC are held by the company, with a value of $1.1 billion and a loss in value of $195 million. Investors should watch the company's upcoming earnings reports and updates on capital spending and share lockup for insight into the company's financial health and expense management.