SpaceX Stock Rises on ‘Lockup Day’

SpaceX Stock Rises on ‘Lockup Day’

David Marino-Nachison

Thu, August 6, 2026 at 6:41 PM GMT+3 2 min read

• SPAX.PVT

KEY TAKEAWAYS

• SpaceX shares rose today after hitting a record low on Wednesday.

• Concerns about AI spending and expiring lock-up agreements have pressured SpaceX stock recently.

Shares of SpaceX bounced back on Thursday.

SpaceX (SPCX) stock gained more than 6% to close at just under $115, moving higher after a dramatic 14% drop yesterday to a record low. Wednesday's decline unwound a day-earlier rise that came ahead of the company's first earnings report since its mid-June IPO.

Concerns about SpaceX's spending on its AI business and about the effect the expiration of lock-up agreements that had until today limited some investors' ability to sell shares have weighed on the stock recently. (Investopedia has a detailed look at the latter topic here.)

Today's relative buoyancy may suggest that traders sold ahead of the lock-up date. Still, while Wall Street analysts are broadly bullish, many investors expect pressure on SpaceX stock to remain in force even if there's reason to buy into the long-term story.

That said, Vanda Research in a Wednesday note suggested that retail investors, who have continued to be net buyers of the shares, are more interested in the opportunity than the risks.

"This tells us that under the hood, the typical 'retail' investor has not gone away," Vanda wrote. "The average retail investor is not known for chasing quarterly earnings misses or beats – they are looking for opportunities to buy companies they believe could become the next '10-baggers.' SPCX happens to be one of those names for retail right now."

SpaceX shares remain 15% below their IPO price, and have lost nearly half their value since hitting a record high above $225 a few days after the stock began trading in June.

UPDATE: This article has been updated to include closing stock price information.

Read the original article on Investopedia