SpaceX (SPCX) Stock Rises Again After Lockup Period Passes Without Major Selloff
TLDR
- SpaceX stock surged 16% on Friday after the first lockup expiration failed to trigger the expected wave of insider selling
- The stock was up another 3.1% in Monday premarket, trading at $137.09
- Citi reiterated its $200 price target and revised 2026/27 guidance higher, seeing ~$1 trillion revenue by 2031
- Q2 revenue came in at $7.81 billion, up 91.9% year-over-year, beating EPS estimates
- A second lockup expiration is due August 20, unlocking an additional 7% of restricted shares
SpaceX (SPCX) stock was trading at $137.09 in Monday premarket, up 3.1%, extending Friday’s 16% surge after the first lockup expiration came and went without the expected selloff.
Space Exploration Technologies Corp., SPCX
Wall Street had braced for heavy selling pressure on Thursday when roughly 911 million restricted insider shares became eligible to trade. That wave never came. Short sellers were caught off guard, and institutional investors who had been sitting on the sidelines moved in to buy the dip.
Before the unlock, only about 5% of SpaceX’s float traded freely. With the float now expanding to over 1.5 billion shares, large funds can build positions without the extreme price impact that plagued the stock in its early weeks.
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