India, July 23 -- SpaceX stock remained mostly stagnant, showing very little movement after falling sharply over the past few days. The stock is in focus because Tesla is reporting its second-quarter earnings later on Wednesday. Investors are watching closely since both companies are led by Elon Musk.

Even though SpaceX stock rose slightly on Tuesday, it has still dropped about 20% since early last week. The fall in the stock came after SpaceX cancelled the planned launch of its Starship V3 rocket last Thursday. The launch was called off because of an engine issue. After the launch was cancelled, SpaceX shares fell again in Friday's trading session.

On Monday, the stock closed at an all-time low of $119.85, marking its weakest closing p...