SpaceX stock remains stagnant after 20% fall as investors await Tesla earnings

SpaceX stock dropped about 20% since early last week after cancellation of Starship V3 launch due to an engine issue.

Stock closed at an all-time low of $119.85 on Monday, with $100 seen as next key support level.

SpaceX aims for next Starship test launch as early as Thursday, which could be a positive trigger.

Investors await Tesla Q2 earnings on Wednesday evening, as both companies are led by Elon Musk.

SpaceX plans to release Q2 results on August 4, with focus on Starlink growth and AI computing deals.