SPCX stock rises 5% due to the unlocking of over $100 billion in SpaceX shares
2026-08-07 03:21:25
According to CoinMeta, SPCX stock rose nearly 5% after the unlocking of over $100 billion in Elon Musk shares of SpaceX. Bernstein raised its price target from $239 to $248, anticipating a 129% increase in the future. SpaceX reported second-quarter revenue of $7.81 billion, a year-on-year increase of 92%. After the unlocking, the number of tradable shares of the company increased by 140%. Although holders are not required to sell immediately, the market remains concerned about potential internal sales.
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Source：Coinpaper
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