๐ SpaceX Stock Jumps 23% in a Week โ Is $135 Next?
SpaceX has just delivered one of its strongest weeks since going public. $SPCX gained around 23% this week, with a massive 16% jump on Friday, closing near $133 โ just below its $135 IPO price.
But the rally is interesting because SpaceX just went through a major test.
Its first public earnings report raised concerns over massive AI infrastructure spending, while 911.5 million insider-held shares became eligible for trading after the first lock-up expired.
So why are investors buying again? ๐
๐ Stronger-than-expected revenue โ Q2 revenue reached around $7.8B, up 92% YoY.
๐ Lock-up fears may have been overestimated โ despite more than 911M shares becoming tradable, the expected massive sell-off didn't happen.
๐ AI + Starlink growth story remains strong โ investors are still betting on SpaceX's long-term expansion beyond rockets.
๐ Broader market rally helped โ weaker U.S. jobs data boosted hopes for easier Fed policy, supporting tech and risk assets.
๐ Now the key level: $135
That's SpaceX's IPO price.
A sustained move above $135 could be an important psychological signal that buyers are regaining control.
But with more lock-up expirations still ahead, volatility could remain high.
Do you think $SPCX will break above $135 next week? ๐๐
#SpaceX #SPCX #ElonMusk #Stocks #AI #Starlink #Investing #BinanceSquare
SpaceX has just delivered one of its strongest weeks since going public. $SPCX gained around 23% this week, with a massive 16% jump on Friday, closing near $133 โ just below its $135 IPO price.
But the rally is interesting because SpaceX just went through a major test.
Its first public earnings report raised concerns over massive AI infrastructure spending, while 911.5 million insider-held shares became eligible for trading after the first lock-up expired.
So why are investors buying again? ๐
๐ Stronger-than-expected revenue โ Q2 revenue reached around $7.8B, up 92% YoY.
๐ Lock-up fears may have been overestimated โ despite more than 911M shares becoming tradable, the expected massive sell-off didn't happen.
๐ AI + Starlink growth story remains strong โ investors are still betting on SpaceX's long-term expansion beyond rockets.
๐ Broader market rally helped โ weaker U.S. jobs data boosted hopes for easier Fed policy, supporting tech and risk assets.
๐ Now the key level: $135
That's SpaceX's IPO price.
A sustained move above $135 could be an important psychological signal that buyers are regaining control.
But with more lock-up expirations still ahead, volatility could remain high.
Do you think $SPCX will break above $135 next week? ๐๐
#SpaceX #SPCX #ElonMusk #Stocks #AI #Starlink #Investing #BinanceSquare
