SpaceX Stock Surges 12% as Lockup Overhang Finally Lifts: How High Could It Go in August?

SpaceX stock traded near $128 on Friday, up more than 11%. The rally came one day after the first insider lockup expiration made 911.5 million shares eligible for sale. The wave of insider selling many investors feared has not appeared so far.

An analyst upgrade and aggressive call buying now have traders asking how far the rebound can run. SpaceX Stock (SPCX) Stock Performance.

Source: Yahoo Finance Why SpaceX Stock Rallied Through the Lockup Expiry Lockup agreements bar insiders and early investors from selling their shares for a set period after a listing.

Rather than one 180-day cliff, SpaceX staggered its restrictions across nine tranches, the first tied to its debut earnings report. Thursday’s expiration was the first and largest of those windows.