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 available for trading with the expiration of lockup provisions.
- The stock had previously dropped nearly 14% in one of its biggest routs in history.
- Morgan Stanley analyst Adam Jonas believes the stock could rise to $300 by mid-next year.
- SpaceX reported a loss of $541 million but a revenue increase of over 90% year-over-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. 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 was an opportunity for others to get into the stock cheaply, believing it could rise to $300 by the middle of next year.
Earlier this week, SpaceX reported it had lost $541 million, or 9 cents per share, in the three months through June, which was less than half of what financial analysts had forecast. Revenue jumped to $7.8 billion, up more than 90% from the year-earlier period, despite a massive increase in spending on R&D and infrastructure.
SpaceX股价上涨，尽管公司内部人士首次获准出售股份
埃隆·马斯克的太空公司SpaceX的股价在周四上涨，尽管许多内部人士首次获准出售股份。投资者在最近几天大幅下调了SpaceX的股价，预计内部人士可能会在几次所谓的锁定期到期中出售股票。随着周四的解禁，超过9亿股股票可供买卖，这一数字是之前的两倍。
SpaceX股价上涨6.1%，收于114.92美元。前一天，该股经历了历史上最大的跌幅之一，下降近14%。摩根士丹利分析师亚当·乔纳斯表示，锁定期条款的到期为其他投资者提供了以低价进入该股的机会，他认为该股可能在明年中期上涨至300美元。
本周早些时候，SpaceX报告称在截至6月的三个月内亏损5.41亿美元，每股亏损9美分，低于金融分析师的预期。尽管在研发和基础设施上的支出大幅增加，但营收仍跃升至78亿美元，同比增长超过90%。