SpaceX Stock Rallies 22% Ahead of Second Lockup Unlock

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2026-08-14 12:31:02

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SpaceX stock has surged 22% since the release of its first lockup tranche on August 7, climbing to $142.55 in premarket trading Friday. The rally defied expectations of a sell-off, leaving investors focused on the next catalyst: a second tranche unlocking on August 20.

Despite the recovery, SPCX remains 6% below its June 12 IPO price and 30% off its all-time high of $201.80 set on June 16. Elon Musk’s 48.4% stake, valued at roughly $907 billion as of Thursday’s close, underscores the concentrated ownership structure.

Mizuho reiterated its Outperform rating with a $200 price target, implying 42% upside. Meanwhile, startup Stoke Space Technologies is raising $1 billion to build a fully reusable rocket, directly challenging SpaceX’s dominance in the launch market.

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