SpaceX shares rise even as company insiders get a chance to sell for the first time
- SpaceX shares increased by 6.1% to close at $114.92 on Thursday.
- More than 900 million shares became available for trading due to lockup expirations.
- The stock had previously dropped nearly 14% in one of its biggest declines.
- Morgan Stanley analyst Adam Jonas suggested the stock could rise to $300 by mid-next year.
- SpaceX reported a loss of $541 million for the previous quarter, but revenue increased to $7.8 billion.
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 of nearly 14% a day earlier.
Morgan Stanley analyst Adam Jonas indicated that the expiration of lockup provisions was an opportunity for others to buy into the stock at a lower price. He believes the stock could rise to $300 by the middle of next year. Earlier this week, SpaceX reported a loss of $541 million for the three months through June, less than half of what analysts had forecast, while revenue jumped to $7.8 billion, up more than 90% from the previous year.
Investors are becoming increasingly nervous about large capital expenditures in technology companies, which has led to sell-offs in the market.
SpaceX股票上涨，尽管公司内部人士首次获得出售机会
埃隆·马斯克的航天公司SpaceX股票在周四上涨，尽管许多内部人士首次获得出售机会。近期，SpaceX的投资者因预期内部人士可能会出售股票而大幅压低股价。
随着周四的解禁，超过9亿股股票可供买卖，几乎是之前可交易数量的两倍。SpaceX股票上涨6.1%，收于114.92美元，扭转了前一天近14%的大幅下跌。
摩根士丹利分析师亚当·乔纳斯表示，锁定期的到期为其他投资者以较低价格购买股票提供了机会。他认为，股票在明年中期可能上涨至300美元。本周早些时候，SpaceX报告称截至6月的三个月内亏损5.41亿美元，低于分析师的预期，而收入则增长至78亿美元，比去年同期增长超过90%。
投资者对科技公司大规模资本支出日益感到紧张，这导致市场出现抛售。