SpaceX Stock Tests $135 IPO Price After Earnings and Share Unlock
Key Insights
- SpaceX stock (SPCX) price briefly crossed $135 before giving back its early Monday gain.
- The August 6 unlock released 911.5 million shares without broad insider selling.
- Retail sold $4.5 million net, while ARK added 114,815 SPCX shares.
The SpaceX stock price briefly moved above its $135 IPO price on Monday before losing momentum during early trading. SPCX stock reached $136.19 after opening strongly, then slipped back toward the offering level. The move followed a nearly 23% weekly rally and Friday’s 16% advance.
Investors had feared heavy insider sales after 911.5 million shares became tradable on August 6. Those sales did not appear at scale, helping the stock recover from its August low. However, retail traders turned net sellers for the first time since the June listing. Their shift adds pressure around a price closely watched by recent buyers and IPO participants.
SpaceX Stock Retests the $135 IPO Price After Rebound
SpaceX stock returned above $135 for the first time since mid-July. MarketWatch data shows the shares at $135.70 during Monday morning trade, representing a gain of about 2%. The advance briefly restored the company’s offering price after almost one month below that mark.
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