SpaceX's stock price has been highly volatile this week, falling about 5%, as investors focus on earnings reports, stock lock-up expirations, and a potential merger with Tesla

SpaceX (SPCX) stock experienced volatility this week, falling about 5% for the week. Earlier, the stock hit an all-time low of $108.66 on Monday, then rebounded, but came under pressure again midweek.Investors are closely watching the company’s first-ever earnings report, scheduled for August 4, as well as a massive stock lock-up expiration on August 6, when up to 20% of the shares could enter the open market, raising concerns about an increase in supply.

Additionally, reports indicate that CEO Elon Musk is still pushing for a merger between SpaceX and Tesla (TSLA). This move could trigger strict scrutiny from Chinese authorities, as SpaceX is a U.S. defense contractor, and its integration with Tesla’s operations in China could involve sensitive data and supply chain issues.Analysts also pointed out that SpaceX’s capital expenditures are projected to rise from $48.7 billion this year to $118.4 billion in fiscal year 2028, while its debt is expected to increase from $41.7 billion to over $218 billion, raising concerns about the return on investment in its AI infrastructure.