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.
- More than 900 million shares became available for trading, doubling the previous amount.
- The stock had dropped nearly 14% the day before, marking one of its biggest declines since going public.
- Morgan Stanley analyst Adam Jonas believes 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 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, recovering from a significant drop of nearly 14% the day before.
Morgan Stanley analyst Adam Jonas noted that the expiration of lockup provisions was an opportunity for others to buy the stock at a lower price. He believes the stock could rise to $300 by the middle of next year. Earlier this week, SpaceX reported a loss of $541 million for the three months through June, which was less than analysts had forecast, while revenue jumped to $7.8 billion.
Investors are becoming increasingly nervous about the company's large capital spending, particularly in technology and research and development, which has led to sell-offs in the market.
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的股票在周四上涨，尽管许多内部人士首次获得出售机会。近期，投资者因担心内部人士可能会在首次解禁时出售股票而大幅压低了股价。
随着周四的解禁，超过9亿股股票开始交易，数量是之前的两倍。SpaceX股票上涨6.1%，收于114.92美元，扭转了前一天近14%的大幅下跌。
摩根士丹利分析师亚当·乔纳斯指出，解禁条款的到期为其他投资者提供了以较低价格购买股票的机会。他认为，股票可能在明年中期上涨至300美元。本周早些时候，SpaceX报告称，6月份三个月内亏损5.41亿美元，低于分析师的预期，而收入则跃升至78亿美元。
投资者对公司在技术和研发方面的大规模资本支出感到越来越紧张，这导致市场出现抛售。