SpaceX stock climbs 15% post-IPO as investors await second-quarter results and first lockup expiration in late July or early August.
Space Exploration Technologies (SPCX) shares have gained 15% since their debut, as traders eye the company’s upcoming second-quarter earnings report and potential lockup expiration. The report, expected in late July or early August, will provide insights into financial performance and guidance for the period ended June 30.
The first lockup period, restricting insider share sales, is set to expire, which could increase supply in the market. SpaceX recently announced the acquisition of Cursor, a move that may influence investor sentiment ahead of earnings. The report will offer key details on revenue, profitability, and future outlook.
Market participants are assessing whether the current share price reflects fundamentals or speculative demand. The lockup expiry could pressure shares if insiders decide to sell holdings.