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 despite insiders being freed to sell for the first time.
- More than 900 million shares became newly available for trading with the expiration of lockup provisions.
- Morgan Stanley analyst Adam Jonas predicts the stock could rise to $300 by mid-next year.
- SpaceX reported a loss of $541 million in the last quarter, which was less than analysts had forecast.
- Revenue increased to $7.8 billion, up more than 90% from the previous year.
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 that free them up to trade.
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. A day earlier they had one of their biggest routs in SpaceX’s short history as a public company, dropping nearly 14%.
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 triple 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. Revenue jumped to $7.8 billion, up more than 90% from the year-earlier period.
尽管公司内部人士首次获准出售，SpaceX股票仍上涨
尽管许多SpaceX内部人士首次获准出售，埃隆·马斯克的太空公司股票在周四仍上涨。近期，投资者因预期内部人士可能会出售而大幅压低股票价格，这是首次解除多次锁定期的交易。
随着周四的解禁，超过9亿股股票首次可供买卖，数量是之前的两倍。SpaceX股票上涨6.1%，收于114.92美元。前一天，股票在SpaceX短暂的上市历史中经历了近14%的大跌。
摩根士丹利分析师亚当·乔纳斯表示，解除锁定期为员工和其他人提供了出售机会，这对其他投资者来说是以低价进入股票的机会。他认为，股票到明年中旬可能上涨至300美元，几乎是当前水平的三倍。
本周早些时候，SpaceX报告称，在截至6月的三个月中亏损5.41亿美元，每股亏损9美分，低于分析师的预期。收入达到78亿美元，比去年同期增长超过90%。