SpaceX shares rise even as company insiders get a chance to sell for the first time
- SpaceX shares rose 6.1% to close at $114.92 on Thursday.
- More than 900 million shares became newly available for trading due to lockup expirations.
- Morgan Stanley analyst Adam Jonas predicts the stock could rise to $300 by mid-next year.
- SpaceX reported a loss of $541 million for the three months through June, with revenue jumping to $7.8 billion.
- The company's significant increase in spending on R&D and infrastructure has made investors nervous.
Stock in Elon Musk’s space company rose Thursday even after many SpaceX insiders were freed up to sell for the first time. Investors in SpaceX had pushed the shares down sharply in recent days in anticipation of insiders possibly selling in the first of several so-called lockup expirations.
More than 900 million shares became newly available to buy or sell with Thursday’s release, doubling what was available previously. SpaceX shares rose 6.1% to close at $114.92, recovering from a significant drop the day before.
Morgan Stanley analyst Adam Jonas said the expiration of lockup provisions that bar employees and others from selling was an opportunity for others to get into the stock cheaply. He believes the stock could rise to $300 by the middle of next year, nearly tripling its current level. Earlier this week, SpaceX reported it had lost $541 million, or 9 cents per share, in the three months through June, less than half what financial analysts had forecast.
尽管公司内部人士首次获准出售，SpaceX股价仍上涨
埃隆·马斯克的航天公司SpaceX的股价在周四上涨，尽管许多内部人士首次获准出售股票。最近几天，SpaceX的投资者因预期内部人士可能会出售而大幅压低股价。
随着周四的解禁，超过9亿股新股票可供买卖，几乎是之前可交易股票数量的两倍。SpaceX股价上涨6.1%，收于114.92美元，扭转了前一天的显著下跌。
摩根士丹利分析师亚当·乔纳斯表示，锁定期到期使得员工和其他人可以出售股票，这为其他投资者以较低价格进入该股提供了机会。他认为，该股明年中期可能上涨至300美元，几乎是当前水平的三倍。