- The SpaceX shares went up by 15.8%, reaching the value of $133.11, driven by good Q2 revenue.
- Over 912 million SpaceX shares were unlocked, but the unlocking did not result in a sell-off.
- ARK Invest increased its stake in SpaceX, purchasing 114,815 shares, while Morgan Stanley predicted a $300 price target for SpaceX.
SpaceX stock jumped 15.8% on Friday to close at $133.11, ending a four-week decline and bringing the shares within 1.4% of their $135 initial public offering price.
The move followed a week marked by SpaceX’s first quarterly earnings report as a public company, renewed analyst coverage and the expiration of the company’s first major post-IPO lockup.
About 912 million shares held by employees and early investors became eligible for sale Thursday, more than doubling the amount of stock potentially available for trading.
Despite the additional supply, SpaceX stock recorded its strongest daily gain since the company went public in June and finished the week about 23% higher.
SpaceX Stock Rebounds After Q2 Revenue Growth
The latest rally followed SpaceX’s second-quarter financial results, which showed revenue of $7.81 billion. The figure was above the $6.9 billion Wall Street forecast cited in the supplied data and represented a reported 92% increase from $4.1 billion in the second quarter of 2025.
SpaceX reported a quarterly loss of $541 million, narrowing from the previous period. The earnings report came as investors were also assessing the company’s plans for artificial intelligence spending.
The Friday move followed earlier pressure on the shares after the earnings report and concerns surrounding the lockup expiration. The subsequent gain pushed SPCX toward its IPO price after the stock had remained below $135 since mid-July.
Key developments behind the move
- Morgan Stanley analyst Adam Jonas initiated coverage with an Overweight rating and a $300 price target.
- Argus upgraded SpaceX from Hold to Buy and set a $160 price target.
- The 912 million-share unlock increased the amount of stock eligible for sale.
ARK Invest Adds SpaceX Shares
Cathie Wood’s ARK Invest also disclosed purchases involving SpaceX, Coinbase and Circle during the week.
The portfolio acquired 114,815 SpaceX shares. Based on the reported closing price, the purchase was valued at approximately $15.28 million. ARK also bought 59,668 Coinbase shares valued at about $9.17 million and 313,764 Circle shares valued at approximately $20.92 million.
The portfolio’s other disclosed purchases included 114,134 Cloudflare shares, 16,340 Cerebras Systems shares and 70,171 Intellia Therapeutics shares. The same report showed sales of 101,539 Snowflake shares and 1.59 million Roblox shares, while a smaller Brera Holdings position was also reduced.
The combined value of the three SpaceX, Coinbase and Circle purchases was reported at approximately $45.37 million based on the cited market prices.
Falcon 9 Upper Stage Hits the Moon
SpaceX was also at the center of a separate event after a spent Falcon 9 upper stage struck the moon on August 5 at about 5,400 mph.
The object, identified as 2025-010D, came from a January 2025 launch carrying Firefly Aerospace’s Blue Ghost and ispace’s Resilience lunar landers. Researchers had tracked the upper stage and predicted its impact near the Einstein and Bell crater region.
South Korea’s Danuri lunar orbiter captured before-and-after images of the area. The images showed newly darkened terrain and a fresh crater at the impact site. NASA’s Lunar Reconnaissance Orbiter is expected to conduct additional observations.
The object was the Falcon 9’s expendable upper stage rather than the reusable first-stage booster.
FAQs
Why did SpaceX stock rise?
SpaceX stock rose 15.8% Friday following its quarterly results, analyst coverage and the expiration of its first major post-IPO lockup.
What was SpaceX’s Q2 revenue?
SpaceX reported $7.81 billion in second-quarter revenue, compared with the $6.9 billion Wall Street forecast cited in the supplied information.
How many shares became eligible for sale?
About 912 million previously restricted shares became eligible for sale following the lockup expiration.
