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 freed to sell for the first time.
- More than 900 million shares became available for trading with the expiration of lockup provisions.
- 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, which was less than analysts had forecast.
- Revenue increased to $7.8 billion, a 90% rise from 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.
Revenue jumped to $7.8 billion, up more than 90% from the year-earlier period. The company also posted a massive increase in spending on R&D and infrastructure, particularly involving artificial intelligence and other major projects.
尽管公司内部人士首次获得出售机会, SpaceX股票仍上涨
埃隆·马斯克的太空公司股票在周四上涨, 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会出售而大幅压低了股票价格。
随着周四的解禁, 超过9亿股股票变得可供买卖, 是之前可交易股票数量的两倍。SpaceX股票上涨6.1%, 收于114.92美元。前一天, 股票经历了上市以来最大的一次暴跌, 下跌近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股票的机会。他认为, 到明年中期, 股票可能上涨至300美元, 几乎是目前水平的三倍。本周早些时候, SpaceX报告称, 在截至6月的三个月中亏损5.41亿美元, 每股亏损9美分, 低于分析师的预期。
收入增长至78亿美元, 较去年同期增长超过90%。公司在研发和基础设施上的支出大幅增加, 尤其是在人工智能和其他重大项目方面。