SpaceX shares rise even as company insiders get a chance to sell for the first time
- SpaceX shares increased by 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 with the expiration of lockup provisions.
- The stock had previously experienced a significant drop of nearly 14% the day before this rise.
- Morgan Stanley analyst Adam Jonas suggested that the lockup expiration presents a buying opportunity, predicting the stock could reach $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, 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 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 one of their biggest routs in the company’s history.
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, but revenue jumped to $7.8 billion, up more than 90% from the year-earlier period.
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。投资者在近期内大幅下调了股票价格，以预期内部人士可能会在首次解锁期到期时出售股票。
随着周四的解锁，超过9亿股股票首次可供买卖，数量是之前的两倍。SpaceX股票上涨6.1%，收于114.92美元，扭转了公司历史上最大的暴跌之一。
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。他预测该股在明年中期可能达到300美元，几乎是目前水平的三倍。就在本周早些时候，SpaceX报告称截至6月的三个月内亏损5.41亿美元，或每股9美分，但收入增长至78亿美元，比去年同期增长超过90%。