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 after the lockup expiration.
- The stock had previously dropped nearly 14% in one of its largest 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, 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.
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SpaceX的股价在周四上涨，尽管许多内部人士首次获得了出售的机会。近期，投资者因预期内部人士可能会在首次解禁交易时出售股票而大幅压低了股价。
随着周四的解禁，超过9亿股股票可供买卖，这一数字是之前的两倍。SpaceX股价上涨6.1%，收于114.92美元。前一天，该股曾经历了上市以来最大跌幅之一，跌幅近14%。
摩根士丹利分析师亚当·乔纳斯表示，解禁条款的到期为其他投资者提供了以较低价格进入该股的机会。他认为，该股到明年中期可能上涨至300美元，几乎是当前水平的三倍。
本周早些时候，SpaceX报告称，在截至6月份的三个月内亏损5.41亿美元，每股亏损9美分，远低于金融分析师的预测。收入跃升至78亿美元，比去年同期增长超过90%。