SpaceX (SPCX) Stock: UBS Holds $210 Buy Target as Starlink Growth Outlook Improves

TLDR

• SpaceX stock rose 0.8% to $141.14 in premarket trading Monday ahead of a share unlock on Aug. 20
• About 319 million insider-held units will unlock to trade on Aug. 20, with roughly 4.9 billion unlocking by year-end
• The stock previously fell below $105 in July but rebounded after a strong Q2 earnings report on Aug. 4
• UBS reiterated a Buy rating with a $210 price target, citing Starlink growth and femtocell expansion potential
• SpaceX posted Q2 revenue of $7.8 billion, up 92% year-over-year, with AI revenue surging 247% to $1.6 billion

SpaceX (SPCX) stock climbed 0.8% to $141.14 in premarket trading on Monday, with another tranche of insider stock set to unlock on Aug. 20.

Space Exploration Technologies Corp., SPCX

About 319 million units held by early investors and insiders will become available to trade later this week. This is part of a laddered unlock schedule SpaceX put in place following its IPO in early June.

SpaceX raised around $75 billion when it sold roughly 556 million new units to the public, a small slice of the approximately 13.2 billion units outstanding.

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