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 the release of over 900 million shares for trading.
- This release doubled the number of shares available for buying or selling.
- The stock had previously experienced a significant drop of nearly 14% a day earlier.
- Morgan Stanley analyst Adam Jonas believes the stock could rise to $300 by mid-next year.
- SpaceX reported a loss of $541 million in the last quarter, 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 have 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.
尽管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，投资者对SpaceX股票的抛售压力加大，预计内部人士可能会在首次解除锁定期后出售股票。
周四，超过9亿股股票首次可供买卖，使可交易的股票数量翻倍。SpaceX股票上涨6.1%，收于114.92美元。前一天，股票经历了近14%的大幅下跌，创下上市以来的最大跌幅之一。
摩根士丹利分析师亚当·乔纳斯表示，解除锁定期为员工和其他人提供了出售机会，这对其他投资者来说是以低价进入股票的机会。他认为，股票到明年中期可能会上涨至300美元，几乎是当前水平的三倍。