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 on Thursday.
- Over 900 million shares became available for trading due to the expiration of lockup provisions.
- The stock had previously dropped nearly 14% in one of its largest declines.
- Morgan Stanley analyst Adam Jonas suggested 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. 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 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.
SpaceX 股价上涨，尽管公司内部人士首次获得出售机会
埃隆·马斯克的太空公司周四股价上涨，尽管许多 SpaceX 内部人士首次获得出售机会。近期，投资者对 SpaceX 股价的急剧下跌表示担忧，预计内部人士可能会在多次锁定期到期后出售股票。
由于周四的解禁，超过 9 亿股股票变得可供买卖，几乎是之前可交易股票数量的两倍。SpaceX 股价上涨 6.1%，收于 114.92 美元。前一天，该股曾创下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，该股有可能在明年中期上涨至 300 美元，几乎是当前水平的三倍。