Key Takeaways SPCX shares have climbed approximately 22% following the initial lockup expiration on August 7 Another tranche of shares becomes available for trading on August 20 The stock rem
Shares of SpaceX ticked higher by 0.9% to reach $142.55 during Friday’s pre-market session, extending a positive trend that has delivered approximately 22% gains over the seven-day period following the August 7 lockup expiration.
Space Exploration Technologies Corp., SPCX
Even with this recent momentum, SPCX remains more than 6% underwater from its June 12 trading debut and trades 30% beneath its peak of $201.80 reached on June 16.
The positive price action unfolds as market participants prepare for another significant event. Additional SpaceX shares become unrestricted on August 20, marking the second lockup expiration since the aerospace company’s public market entrance two months prior.
Market watchers are paying close attention. Trading desks had broadly anticipated selling pressure following the initial lockup conclusion. Those expectations proved incorrect. Whether history repeats itself with the upcoming unlock remains uncertain.
According to Thursday’s regulatory disclosure, Elon Musk maintained a 48.4% ownership position in SpaceX as of June 30. Using Thursday’s closing price as a reference, that holding commands a valuation approaching $906.9 billion.
Contributing to Friday’s optimism, Mizuho’s Brett Linzey reaffirmed his Outperform recommendation while maintaining a $200 price objective on SPCX. This target represents approximately 42% appreciation potential from present trading levels.
Linzey drew attention to SpaceX’s artificial intelligence platform, Grok 4.6, characterizing it as achieving “frontier-level performance.” According to his analysis, the model now delivers competitive results comparable to recent releases from OpenAI and Anthropic in areas including coding tasks, extended reasoning chains, and sophisticated mathematical calculations.
The analyst believes competitive pricing combined with availability through Cursor, an AI-powered development environment, positions Grok to attract additional corporate clients and capture share from competing AI solutions.
Mizuho’s research also identified constrained supply in the AI computing sector. Collaborating with senior software analyst Gregg Moskowitz, Linzey discovered that high-performance computing resources remain in short supply, driving price increases across both current-generation and legacy hardware.
This dynamic may favor SpaceX. The organization has constructed substantial proprietary compute infrastructure supporting its AI operations, minimizing reliance on third-party providers. As external capacity becomes increasingly difficult to obtain, this internal capability could provide SpaceXAI with competitive advantages for expansion.
The wider analyst universe shares this optimism. TipRanks data shows SPCX earning a Moderate Buy consensus rating, derived from 24 Buy recommendations, five Hold ratings, and two Sell opinions. The consensus price objective of $232.35 indicates 64% upside from current valuation.
On the competitive landscape, startup venture Stoke Space Technologies is pursuing $1 billion in capital to fast-track development of fully reusable launch systems, Bloomberg reported, citing unnamed sources with knowledge of the fundraising efforts.
SpaceX presently commands over 90% of worldwide commercial satellite launch activity. Breaking into this market presents formidable challenges.
Blue Origin’s New Glenn rocket encountered propulsion system failure during its third mission in April, stranding an AST SpaceMobile satellite in an incorrect orbit. A subsequent static test explosion in May destroyed the launch vehicle and inflicted damage on a Cape Canaveral launch facility.
Analyst Linzey maintains a 74% accuracy rating on TipRanks, placing him 244th among 12,468 tracked analysts, delivering an average 16.20% return per recommendation.
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