SpaceX (SPCX) Stock Is Up 22% But Another Unlock Is Coming. Here’s What to Watch

TLDR

• SpaceX stock is up around 22% since the first lockup tranche was released last Thursday
• A second tranche of SPCX stock unlocks on Aug 20
• The stock is still down over 6% from its June IPO price and 30% from its all-time high of $201.80
• Mizuho reiterated an Outperform rating with a $200 price target, implying 42% upside
• Startup Stoke Space Technologies is raising $1 billion to build a fully reusable rocket to compete with SpaceX

SpaceX stock edged up 0.9% to $142.55 in Friday’s premarket trading, continuing a run that has seen the stock gain around 22% in the week since its first lockup tranche was released on Aug 7.

Space Exploration Technologies Corp., SPCX

Despite that bounce, SPCX is still down more than 6% since it began trading on June 12, and sits 30% below its record high of $201.80 set on June 16.

The rally comes as Wall Street braces for another key moment. A second tranche of SpaceX stock unlocks on Aug 20, the second such release since the company went public two months ago.

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