SpaceX shares are set to open lower following the upcoming release of 319 million shares held by employees and early investors, becoming eligible for sale on August 20. This is the second major stock release since the company's record June IPO, following an earlier 912 million shares unlocking on August 6 that surprisingly did not trigger heavy selling. The stock had fallen to a low of $104.83 but recovered to around $146, above its $135 float price. The staggered release of shares will continue through 2026 and 2027, while Elon Musk's large stake remains locked until June 2027, representing a significant future supply overhang.
Bernstein analyst Doug Harned raised SpaceX's price target to $248, highlighting the potential of orbital AI data centers to boost revenues to over $600 billion by 2031. Key to this growth is SpaceX's plan to achieve nearly one Starship launch per da...
UBS highlights a potential growth surge for SpaceX's Starlink broadband as next-gen V3 satellites and a unique ground-network strategy could expand coverage significantly. The bank expects accelerated growth once V3 satellites reach critical mass nex...
SpaceX shares surged about 5.9% to $148.21, rebounding from a 52-week low, driven by strong Q2 results showing 247% AI revenue growth and doubling Starlink subscribers to 12 million. The company recently completed its $60 billion acquisition of AI st...
SpaceX achieved a new launch cadence record with two Falcon 9 launches in 38 minutes and reported $7.814 billion in Q2 2026 revenue, beating estimates by 14.59% and growing 92% year-over-year. Key growth drivers include Starlink connectivity, AI segm...
Elon Musk's net worth fell from a peak of $1.1 trillion in June to $858 billion due to SpaceX's stock volatility after its IPO and Tesla's poor year-to-date stock performance. SpaceX's shares have fluctuated widely since their $135 IPO price, current...
