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 after the lockup expiration.
- The stock had dropped nearly 14% the day before, marking one of its biggest declines.
- 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, but revenue increased by over 90% compared to 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.
SpaceX股票上涨，尽管公司内部人士首次获得出售机会
埃隆·马斯克的太空公司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在首次解禁交易时出售股票，导致股价大幅下跌。
在周四的解禁后，超过9亿股股票可供买卖，数量是之前的两倍。SpaceX股票上涨6.1%，收于114.92美元。前一天，该股在SpaceX短暂的上市历史中经历了近14%的大幅下跌。
摩根士丹利分析师亚当·乔纳斯表示，解禁期的到来为其他投资者提供了以较低价格进入该股票的机会。他认为，该股到明年中期可能上涨至300美元，几乎是当前水平的三倍。