- SpaceX shares rose 6.42% to $149.74 as traders positioned ahead of September share unlocks and Starship Flight Test 14.
- About 319 million shares become eligible for trading on September 9, with roughly 707 million shares entering the market during September.
- Oppenheimer raised SpaceX to Buy and lifted its price target from $250 to $280, citing demand for AI computing infrastructure.
- The next Starship test, expected around September 15, is positioned as a catalyst for investor confidence, although the share unlock creates near-term supply risk.
Quotes
“has the ability to bring online infrastructure faster than anyone else, and is leveraging this infrastructure and its data to refine its models faster than anyone else.”
“In an environment where compute remains constrained, we expect SpaceX to capture half of every dollar of revenue generated by partners like Anthropic using SpaceX’s compute.”