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SPCX taking another hit this evening as GOOGL and TSLA results await

The next update this evening will focus on the important Q2 earnings reports from Alphabet and Tesla, due out at 8pm and 8.05pm GMT respectively. Meantime, we turn back to a stock we looked at again earlier today- SpaceX (SPCX). 

In the event SPCX did not manage to reopen higher earlier. The stock officially kicked-off at $123.29, following a noted close last night at $123.54. The high seen came earlier this afternoon, at $124.77 and since then it has crumbled to a new post IPO low, at $116.19.

That is clearly not great news for investors who have bought into SpaceX story and will no doubt not please its CEO either. The cash price is currently trading around $116.45 heading into the close tonight and baring a miracle it is going to lose more ground today
 

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