SpaceX Stock rises 14%, concerns over lock-up period ease
2026-08-08 03:52:13
According to CoinMeta, SpaceX shares rose 14% on Friday, with a trading price of $131.06 and an increase of $16.14. This rise was influenced by upgraded analyst ratings, weak U.S. employment data, and limited selling pressure from insiders. Analysts noted that SpaceX had a strong performance in the second quarter, with revenue reaching $7.8 billion, a year-on-year increase of 92%, exceeding analysts' expectations of $6.8 billion. The rise was also due to the expiration of the first IPO lock-up period for SpaceX; approximately 911.5 million shares held by employees and early investors were unlocked on Thursday, and the market had already priced in this risk in advance. Although there was no large-scale selling in the short term, more shares will become unlocked in the future.
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Source:Cryptonews
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