SpaceX Stocks Close at $123.54 Ahead of August 4 Earnings and Lockup Expiration

SpaceX stocks closed at $123.54 on July 21, up 3.08%. The company will release its first quarterly earnings since going public on August 4, followed by a partial lockup expiration on August 6. The rebound follows an eight-session decline that pushed shares below the $135 IPO price due to valuation concerns and profit-taking. SpaceX ranks 10th by market cap at approximately $1.6 trillion as investors await clarity on Starlink subscriber growth and profitability.

SpaceX Schedules August 4 Earnings Release and August 6 Lockup Expiration

SpaceX will release its first quarterly earnings on August 4. On August 6, the second trading day after the earnings announcement, approximately 911.5 million shares held by employees and early investors will become tradable. This represents 20% of total lockup shares, valued at over $110 billion at current prices.

An additional 455.8 million shares may unlock if SpaceX stock trades above $175.50 — 30% above the IPO price — for at least five trading days within a 10-day window around the earnings release. The stock currently trades below this threshold.

SpaceX rescheduled its Starship test launch to July 23 after canceling a July 16 attempt due to engine issues. A Falcon 9 rocket carrying 24 Starlink satellites successfully launched on July 21.

Macquarie Analyst Sets $250 Price Target Amid Stock Decline

Paul Golding, an analyst at Macquarie, issued a buy rating with a $250 price target, stating that the recent stock decline offers "a compelling entry point" for investors. The average analyst price target compiled by FactSet is approximately $241.

SpaceX's market capitalization peaked near $3 trillion following its IPO, driven by expectations around AI, Starlink, and Starship. The stock has since declined below the $135 IPO price, with the company now ranking 10th by market cap behind Broadcom and Meta.

FAQ

When will SpaceX release its first quarterly earnings?
SpaceX will release its first quarterly earnings on August 4.

How many SpaceX shares will unlock on August 6?
Approximately 911.5 million shares held by employees and early investors will become tradable on August 6, representing 20% of total lockup shares and valued at over $110 billion at current prices.