Wall Street Analysts Overwhelmingly Bullish on SpaceX as Lock-Up Expiration Looms
SPCX sits 18% above its 52-week low of $104.83.
Summary
Twenty-one of 25 analysts covering SpaceX rate it a Buy or Overweight, with zero Sell ratings, signaling strong institutional conviction despite the stock trading below its $135 IPO price. Shares recently rose 8% to $123.77, but remain under pressure from the anticipated insider selling as a lock-up period expires Thursday. The article also flags open questions around Starship reusability, AI business trajectory, and the possibility of a Tesla merger. The lock-up expiration is a near-term catalyst that could increase float and volatility, while the analyst consensus provides a bullish counterweight.
At the time of this announcement, SPCX was trading at $123.83 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.6T. The 52-week trading range was $104.83 to $225.64. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.