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 due to lockup expirations.
- The stock had previously dropped nearly 14% in one of its biggest routs.
- Morgan Stanley analyst Adam Jonas believes the stock could rise to $300 by mid-next year.
- SpaceX reported a loss of $541 million in the last 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 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得出售机会，SpaceX股价仍上涨
埃隆·马斯克的太空公司周四股价上涨，尽管许多SpaceX内部人士首次获得出售机会。近期，投资者因预期内部人士可能出售而大幅压低股价，这是几次锁定期到期的首次释放。
随着周四的释放，超过9亿股股票新可供买卖，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。前一天，该股票在SpaceX短暂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，锁定条款到期使员工和其他人能够出售股票，为其他投资者以低价进入该股票提供了机会。他认为，该股票到明年中期可能上涨至300美元，几乎是当前价格的三倍。
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，远低于金融分析师的预测。收入跃升至78亿美元，比去年同期增长超过90%。