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SpaceX Shares Surge 6% After Lockup, Upgrade to Buy

8/8/2026

50 10 Full Breakdown

Summary

Story summary

SpaceX shares rose 6% on August 7 2026, trading near the $135 IPO price.
The August 6 lockup released 911.5 million shares, more than doubling the float to 1.55 billion.
The rally added $327 billion in market value, giving the stock a 23% gain over two days.
Argus Research upgraded the stock to “Buy” with a $160 target.
Short interest fell from 36% to 16% of tradable shares after the unlock.

History

Historical Context

Founded in 2004, Facebook grew to 845 million monthly users by 2012, prompting a record-size IPO on May 18 2012 that priced shares at $38 and raised $16 billion, valuing the firm at $104 billion. Underwriters Morgan Stanley and Goldman Sachs placed 421 million shares, while Zuckerberg kept 22% of equity and 57% of voting power, setting a benchmark for later lock-up-driven price swings.

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Story summary

SpaceX shares rose 6% on August 7 2026, trading near the $135 IPO price.
The August 6 lockup released 911.5 million shares, more than doubling the float to 1.55 billion.
The rally added $327 billion in market value, giving the stock a 23% gain over two days.
Argus Research upgraded the stock to “Buy” with a $160 target.
Short interest fell from 36% to 16% of tradable shares after the unlock.

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