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 allowed to sell for the first time.
- Over 900 million shares became newly available for trading with the expiration of lockup provisions.
- The stock had dropped nearly 14% a day earlier, one of its largest declines since going public.
- Morgan Stanley analyst Adam Jonas predicts the stock could rise to $300 by mid-next year.
- SpaceX reported a loss of $541 million for the three months through June, 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 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.
SpaceX股价上涨，尽管公司内部人士首次获得出售机会
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价在周四上涨。SpaceX的投资者在最近几天大幅压低股价，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9亿股新股票可供买卖，几乎是之前可用数量的两倍。SpaceX股价上涨6.1%，收于114.92美元。前一天，该股经历了自上市以来最大跌幅之一，跌幅接近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，股价在明年中期可能升至300美元，几乎是当前水平的三倍。
本周早些时候，SpaceX报告称截至6月的三个月亏损5.41亿美元，每股亏损9美分，低于金融分析师的预期。收入增长至78亿美元，比去年同期增长超过90%。