319 Million Shares Set To Unlock Sept. 9

SPCX closed at $147.99, down 1.17% on the session after tagging a high just above $150.

Executive Summary

SPCX pulled back on September 4, opening at $148.66, pushing as high as $150.85 intraday, then fading to close at $147.99, a decline of 1.17% versus the prior close of $149.74. The session came a day after the stock jumped to $149.74 on September 3, and the pullback landed almost exactly where Benzinga's same-day "Stock of the Day" piece flagged $150 as a resistance level to watch for a breakout — the stock touched above that level intraday before sellers took it back down. Volume ran well below the running average, consistent with a lower-conviction pullback rather than a heavy distribution day. Coverage elsewhere in the day's news cycle centered on non-price catalysts: a Motley Fool piece on Starlink's subscriber base reaching 12 million (up 16.5% from Q1) with average revenue per user holding at $66, skepticism from another Motley Fool analyst over Elon Musk's $3.5 trillion 2033 revenue projection, and continued attention on the upcoming September 9 share-unlock date that could add 319 million shares to the tradable float.

News

1. AST SpaceMobile vs. Space Exploration Technologies: Which Telecom Stock Is a Better Buy in 2026?

AST SpaceMobile and SpaceX compete in satellite connectivity but with different business models. AST SpaceMobile focuses on direct-to-device smartphone connectivity with partnerships from major telecom operators, while SpaceX leverages reusable rockets to scale its Starlink broadband service. Despite SpaceX's larger revenue base ($18.7B vs $70.9M) and established business, the article recommends AST SpaceMobile for 2026 due to strong telecom backing and clearer near-term profitability path, though both companies face significant cash burn and execution risks. (The Motley Fool, Sep 4, 3:29 PM ET)

2. Elon Musk Predicts SpaceX Will Generate $3.5 Trillion in Revenue by 2033. History Suggests He Will Be Wrong Yet Again.

Elon Musk predicted SpaceX could generate $3.5 trillion in revenue by 2033, but analyst Adam Spatacco argues this is unrealistic. SpaceX currently generates ~$12.5 billion in revenue (H1 2026) and would need 86% annual growth to reach the target. The article highlights Musk's history of missing timelines at Tesla with autonomous driving, robotaxis, and Cybertruck, suggesting similar overoptimism surrounds SpaceX's projection. (The Motley Fool, Sep 4, 2:03 PM ET)

3. Musk’s xAI Loses Court Bid To Block Minnesota's New AI Nudification Restrictions

(Benzinga, Sep 4, 11:59 AM ET)

4. All Eyes Are on SpaceX's Next Share Unlock on Sept. 9. But These 3 Unstoppable Growth Stocks Are Better Buys Hiding in Plain Sight.

SpaceX faces a potential technical headwind on Sept. 9 when 319 million shares become eligible for sale from early stakeholders. Rather than SpaceX, the article highlights three alternative space infrastructure companies with stronger growth potential: Rocket Lab (developing reusable medium-lift rockets), AST SpaceMobile (building satellite-based cellular networks), and Redwire (providing spacecraft power and manufacturing systems). (The Motley Fool, Sep 4, 11:34 AM ET)

5. Musk Could Need $1 Trillion to Build Enough Chips for His AI Ambitions, ARK Says

ARK says Elon Musk may need about $1 trillion in chip investment as SpaceX and Tesla scale AI, satellites and Optimus. (Benzinga, Sep 4, 10:54 AM ET)

6. Elon Musk's SpaceX Is Already Renting AI Compute. Can Meta Catch Up?

SpaceX is already leasing AI compute to customers. Now Meta is exploring the same strategy as AI infrastructure becomes big business. (Benzinga, Sep 4, 10:13 AM ET)

7. Brokers Suggest Investing in AppFolio (APPF): Read This Before Placing a Bet

The article covers various market developments including August employment data expectations (55,000 new jobs, 4.2% unemployment rate), sector performance with Leisure & Hospitality leading job growth, and analysis of multiple investment opportunities across sectors including oil/gas, biotech, gold stocks, and airlines. Market commentary includes discussion of S&P 500 earnings projections for 2026 Q3 showing +23.0% growth. (Zacks Investment Research, Sep 4, 9:30 AM ET)

8. Shell Partners With BP to Expand Deepwater Footprint in Brazil & GoA

The article discusses various investment opportunities across multiple sectors including technology, energy, biotech, and commodities. It highlights strong earnings growth expectations for 2026 Q3 with S&P 500 earnings projected to increase 23.0%, and mentions job market strength with leisure and hospitality leading hiring in August. (Zacks Investment Research, Sep 4, 9:16 AM ET)

Price Action

Metric	Value
Open	$148.66
High	$150.8499
Low	$147.32
Close	$147.99
Change vs prior close	-1.17% (-$1.75)
Volume	43,273,947
Intraday range	$3.53
Close vs IPO offer ($135.00)	+9.62%

SPCX opened at $148.66 and spent the early part of the session pushing higher, reaching an intraday high of $150.8499 before reversing. It closed at $147.99, below both the open and the prior close of $149.74, giving back the prior session's gain. Volume of 43,273,947 shares came in well under the running average of 87,845,512, and also well under the prior session's 121,378,040 — a lighter-participation pullback rather than a high-volume reversal. The stock remains 9.62% above its $135.00 IPO offer price but 8.05% below its June 12 IPO-day close of $160.95.

SPCX gave back the prior day's gain on lighter volume, reversing from an intraday high just above $150.

Technicals

SPCX has been trading for under three months, so the standard 14-day RSI and 20/50/200-day moving average readings that anchor most technical analysis are only partially seasoned here — SMA-200 is not yet computable (insufficient history), and the shorter averages available (SMA-5 through SMA-50) should be read as early-stage trend markers rather than the fully mature signals they'd be on a stock with years of trading history. The read below leans on price structure, candle shape, and volume, which don't require a long lookback to be meaningful.

Trend

The short- and intermediate-term moving averages are stacked in ascending order below the current price: SMA-5 at $144.87, SMA-10 at $141.93, SMA-20 at $140.95, and SMA-50 at $135.98. Price closing at $147.99 above all four is consistent with a short-term uptrend still intact, even after today's pullback. RSI-14 sits at 58.51, in neutral territory — above the midline but not close to overbought — which fits a stock that rallied off its August lows without yet showing signs of exhaustion.

Candle read

The session produced a body of -0.67 (open $148.66, close $147.99), with an upper wick of 2.19 and a lower wick of 0.67, on a total range of 3.53. The close location of 0.19 means the close landed in the bottom fifth of the day's range. That combination — a small red body with an upper wick more than three times its size, closing near the session low — reads as a rejection candle: buyers pushed the stock up toward $150.85 intraday, but sellers took control into the close.

Support levels

• $147.32 — today's intraday low
• $144.87 — SMA-5
• $141.93 — SMA-10
• $140.95 — SMA-20
• $135.98 — SMA-50
• $135.00 — IPO offer price (round-number reference)

Resistance levels

• $149.74 — prior close, now above the current price
• $150.85 — today's intraday high, near the $150 round-number level
• $160.95 — IPO-day close

Momentum interpretation

Bull scenario: a move back above today's high of $150.85 and a hold above the $150 level would put SPCX through the resistance zone flagged intraday, opening room toward the IPO-day close of $160.95 as the next reference point higher.

Bear scenario: a break below today's low of $147.32 that also takes out the SMA-5 at $144.87 would suggest the pullback is extending, with the SMA-10/SMA-20 cluster around $141.93–$140.95 as the next levels to watch.

Neutral scenario: continued consolidation between today's low of $147.32 and the $150.85 intraday high, with RSI-14 near 58.51 offering no strong directional lean either way.

Trading Takeaway

SPCX tested the $150 area intraday — the same level called out in the day's news coverage as a resistance point to watch — and was rejected, closing near the low of its daily range on volume well below the recent average. The stock remains above its short- and intermediate-term moving averages, keeping the broader short-term uptrend intact, but the failed test at $150.85 and the weak close location warrant attention next session. Key levels to watch: resistance at $149.74 (prior close) and $150.85 (today's high); support at $147.32 (today's low) and $144.87 (SMA-5).

Sources

1. AST SpaceMobile vs. Space Exploration Technologies: Which Telecom Stock Is a Better Buy in 2026? — The Motley Fool
2. Elon Musk Predicts SpaceX Will Generate $3.5 Trillion in Revenue by 2033. History Suggests He Will Be Wrong Yet Again. — The Motley Fool
3. Musk's xAI Loses Court Bid To Block Minnesota's New AI Nudification Restrictions — Benzinga
4. All Eyes Are on SpaceX's Next Share Unlock on Sept. 9. But These 3 Unstoppable Growth Stocks Are Better Buys Hiding in Plain Sight. — The Motley Fool
5. Musk Could Need $1 Trillion to Build Enough Chips for His AI Ambitions, ARK Says — Benzinga
6. Elon Musk's SpaceX Is Already Renting AI Compute. Can Meta Catch Up? — Benzinga
7. Brokers Suggest Investing in AppFolio (APPF): Read This Before Placing a Bet — Zacks Investment Research
8. Shell Partners With BP to Expand Deepwater Footprint in Brazil & GoA — Zacks Investment Research
9. Stock of the Day: Is SpaceX About to Break Out? — Benzinga
10. Tesla Plus SpaceX Could Become a 'Must-Have' Investment, Ross Gerber Says — Benzinga
11. Everyone's Missing These 2 Game-Changing Numbers Buried in SpaceX's Latest Report — The Motley Fool
12. Elon Musk Says He's Happy About 'Half the Time' After Documentary Describes Him as 'The Most Miserable Man' — Mom Has This to Say — Benzinga
13. Elon Musk Says Cybercab Is Gold to Reflect 'Golden Era' of Mobility as Tesla Launches Robotaxi With Starlink — Benzinga
14. Alpaca Markets (SIP) — market data

Disclaimer

This report is for informational purposes only and does not constitute investment advice. It does not consider your financial situation, objectives, or risk tolerance. SPCX has a limited trading history, and technical indicators derived from that short history carry additional uncertainty. Verify all data independently before making any investment decision.