SpaceX (SPCX) Rebounds After Record Low as Ark Invest Adds 170K Shares on July 21

On Tuesday (July 21), SpaceX (SPCX) stock rebounded 1.7% in pre-market trading after hitting a fresh record low below $120 the previous day, as Cathie Wood's Ark Invest added 170,634 shares across multiple ETFs including ARKK, ARKQ, ARKX, and ARKW.

Retail sentiment on Stocktwits turned extremely bearish, with a poll of more than 3,500 traders showing most are waiting for lower entry points: 34% won't buy until the stock drops below $80, 28% are waiting for prices below $100, and only 19% are willing to add shares at current levels. SPCX has fallen roughly 47% from its $225.64 post-IPO high and now trades about 11% below its $135 IPO price.