Up to 911.5 million SpaceX shares will become available for sale Thursday, but a separate tranche of up to 455.8 million shares will stay locked up due to the stock's weak performance.
Up to 911.5 million shares of SpaceX become available to trade on Thursday.
SpaceX NASDAQ: SPCX is a great company to follow and love, being well-positioned in the global race to commercialize space. It provides numerous opportunities for humanity and investors, but now may not be the best time to buy the stock.
SpaceX (SPCX) announced its highly anticipated earnings report after the close on August 4. The shares surged leading up to the report before experiencing a sharp reversal in trading sentiment post-close.
CFRA's Keith Snyder says "there was a lot to like" in SpaceX (SPCX) earnings, but he points to a red flag in the company's capex spending levels. He also likes the "firm" computing power contracts SpaceX holds but he wants to hear if the company can grow "on its own without renting out excess capacity.
Some brokerages appeared optimistic about SpaceX's quarterly earnings: JPMorgan analysts, who lifted their price target for shares to $240 from $225, wrote SpaceX is benefiting from “extreme vertical integration” while noting its “pace of change in AI is incredibly fast,” and that a step-up in AI infrastructure and higher monetization could push SpaceX's AI revenue to $100 billion in 2027. Wells Fargo analysts cut their price target for SpaceX shares to $215 from $230 amid broader caution about its AI spending, noting that SpaceX was “off to an ambitious start” and that revenue projections for 2027 and 2028 were higher than expected, but so were capital expenditure estimates.
SpaceX Corp (NASDAQ:SPCX) shares remained under pressure on Wednesday, with shares falling about 13% to around $109, as analysts remained broadly positive following the company's first earnings report as a public company, arguing the results reinforced its long-term growth outlook despite ongoing investor concerns over capital spending. Bank of America reiterated its ‘Buy' rating and $235 price target, noting that SpaceX delivered a “strong Q2 print," beating expectations on both revenue and profitability while providing constructive disclosures and additional detail on its long-term growth plans.
Space Exploration Technologies (NASDAQ:SPCX | SPCX Price Prediction) just pulled the curtain on its first-ever quarterly earnings report as a public firm.
Retail investors were doing what they do best on Wednesday: Buying the dip in SpaceX shares aggressively, even as the company's stock sank after it released its first earnings report.
Space Exploration Technologies Corp. (NASDAQ: SPCX) stock fell more than 6% on August 5, despite delivering a blowout debut quarter, as SpaceX shareholders expect to unlock over $100 billion worth of shares on August 6, 2026.
Space Exploration Technologies Corp. aka SpaceX remains a Strong Buy after Q2, despite a 27% drawdown since my last coverage. Q2 delivered a double-beat, with 92% YoY revenue growth driven by AI, and operating loss narrowing from -$1.52B to -$1.26B. AI segment is poised to overtake Connectivity in revenue within 4–5 quarters, with rapid CapEx translating into recognized revenues and cash flows.
SpaceX's first quarterly earnings reported delivered—on financial metrics and excitement.