SpaceX is trading 11.3% up now at $129.62 after institutional buying helped mitigate expected selling pressure from the first post-IPO lock-up expiration.
- Approximately 911 million shares were released in the expiration.
- Bernstein raised its price target from $239 to $248 on August 7, 2026.
- The rebound follows volatility after August 4 earnings, when strong revenue growth was offset by concerns about heavy AI infrastructure spending.