SpaceX Stock: Elon Musk's Dual Strategy and the Chip War's Impact

SpaceX stock (SPCX) is treading water following a 20% decline last week. The decline is expected to intensify as CEO Elon Musk's other company, Tesla (TSLA), reports earnings after hours Wednesday night.

■The Starship V3 launch was canceled due to an engine issue.

■The stock hit an all-time low of $119.85 on Monday.

■The company is targeting Thursday for the earliest Starship test.

■The second-quarter financial results on August 4 will be closely watched for Starlink growth, AI partnerships, and Grok spending.

■On August 6, 900 million shares will unlock for insiders, representing 20% of eligible locked shares.

■Tesla's report could impact SpaceX shares due to CEO Elon Musk's discussions on merging the two companies.

■SpaceX is seen as the potential acquirer given Musk's larger stake.

■The stock has breached the $150 and $125 levels, marking new all-time lows.

■Analysts are monitoring the $100 price level.

■SpaceX has lost over $1.1 trillion in market value over the past 10 days.

■The China-US chip war's impact could escalate if TSMC and ASML suppliers face further disruptions.

Markets must remain vigilant. SpaceX's relationship with chip suppliers could directly impact stock prices if the chip crisis persists. Additionally, Tesla's report will determine how it influences SpaceX's strategic merger discussions.