According to CoinMeta, SpaceX's stock price was near the $107 support level before the release of its financial report and has been under pressure recently, approaching historical lows. The closing price on July 31st was $108, a decrease of about 36% from $171 on July 1st. As the company's first IPO financial report approaches, the unlocking of 911.5 million internal shares will also expire on August 6th, which could lead to significant fluctuations in stock prices. Wall Street expects SpaceX to report quarterly revenue between $6.72 billion and $6.9 billion; exceeding expectations could alleviate market concerns regarding the company's valuation. In the short term, management's guidance on Starlink, launch operations, and data center business is also of great interest. According to S3 Partners's data, investors have gone short on 219.3 million shares, accounting for 39% of the publicly traded shares.