Insider Lockup Releases 328 Million Shares

SPCX closed at $148.07 on September 24, 2026, down 0.2% from the prior session's $148.36 close, on volume of 64.9 million shares against an 89.4 million average.

Executive Summary

SPCX traded in a $145.88–$149.00 range on September 24 and finished essentially flat, down 0.2% versus the prior close of $148.36. The session opened at $148.18, dipped to a low of $145.88, and recovered to close at $148.066, near the upper end of the day's range. Volume came in at 64.9 million shares, below the 89.4 million trailing average, pointing to lighter-than-usual participation.

The day's news flow centered on supply pressure: a staggered lockup release of up to 328.4 million shares was reported to hit Thursday, alongside a disclosed $52 million share sale plan from COO Gwynne Shotwell, according to Benzinga. Separately, Benzinga reported that SpaceX had gained access to classified U.S. space-tracking data through Stargaze for internal use, drawing competitor objections, and that Google is moving up the Project Suncatcher orbital data center launch to October 1. On the bullish side, The Motley Fool published pieces framing a potential path to $190 per share by the end of 2026 tied to AI-driven revenue growth, and a longer-horizon piece citing analyst revenue projections of $852 billion by 2031 and a consensus price estimate of $328, alongside cautions about dilution from capital spending. Elon Musk was also reported to have endorsed Cathie Wood's forecast for AI-driven real GDP growth above 7%–8%.

News

1. SpaceX Is Poised to Reclaim a $190 Share Price by the End of 2026

SpaceX stock could reach $190 per share by end of 2026 if revenue expectations continue rising, particularly driven by its AI business which grew 247% year-over-year in Q2. The company would need 2027 revenue of approximately $136 billion to justify this valuation, which is plausible given analyst estimates have already jumped significantly for AI revenue alone. (The Motley Fool, Sep 24, 12:32 PM ET)

2. Google Moves Up its Space Data Center Timeline — Project Suncatcher Launches Oct. 1

Google will launch its first Project Suncatcher AI satellite on Oct. 1, accelerating its orbital data center plans and raising Planet Labs' visibility. (Benzinga, Sep 24, 11:34 AM ET)

3. SpaceX Stock Faces Another Wave of Insider Shares

SpaceX’s staggered lockup releases up to 328.4 million shares on Thursday, while COO Gwynne Shotwell plans a $52 million sale. (Benzinga, Sep 24, 9:34 AM ET)

4. Elon Musk's SpaceX Gets Rare Access to Classified US Space Tracking Data For 'Internal Use' — Competitors Cry Foul Over Stargaze Advantage: Report

SpaceX reportedly gained access to classified orbital data through Stargaze, sparking competitor concerns over an unfair market advantage. (Benzinga, Sep 24, 5:27 AM ET)

5. SPCX CEO Elon Musk Backs Cathie Wood’s Bullish AI Call: Real GDP Growth Could Blow Past 7%-8%

Elon Musk endorsed Cathie Wood’s forecast that AI could propel long-term real GDP growth beyond 7%-8%, far exceeding Fed projections. (Benzinga, Sep 24, 4:22 AM ET)

6. 6 Things to Know About Anthropic's Upcoming IPO

Anthropic, the AI company behind Claude, is planning a $100 billion IPO in November, which could make it the largest IPO ever and value the company at $2 trillion. The company's Q2 revenue surged to $11.5 billion from $787 million year-over-year, generating strong investor interest. However, investors should exercise caution due to concerns about AI safety, recent incidents of AI models malfunctioning, and opposition to data center construction. (The Motley Fool, Sep 24, 4:13 AM ET)

7. Here's What a $1,000 Investment in SpaceX Stock Could Be Worth in 5 Years

SpaceX is pursuing a $28.5 trillion market opportunity, with near-term growth driven by Starlink satellite internet and AI infrastructure. Analysts project revenue could reach $852 billion by 2031, potentially valuing the stock between $190-$384 per share (consensus $328), which would more than double a $1,000 investment. However, significant share dilution from heavy capex spending and wide analyst forecast ranges present uncertainty. (The Motley Fool, Sep 24, 2:05 AM ET)

8. Joe Rogan Says He Loves His Tesla but Laments Brake Dust—TSLA Investor Expresses Skepticism

Joe Rogan criticized Tesla’s brake dust, but this investor says regenerative braking reduces brake use and extends brake life. (Benzinga, Sep 24, 12:32 AM ET)

Price Action

Metric	Value
Open	$148.18
High	$149.00
Low	$145.88
Close	$148.07
Change vs prior close	-0.2% (prior close $148.36)
Volume	64,899,638
Intraday range	$3.12 ($145.88–$149.00)
Close vs IPO	-8.0% vs IPO close ($160.95); +9.7% vs IPO offer price ($135.00)

SPCX opened at $148.18, essentially in line with the prior close, then slid to a session low of $145.88 before recovering to finish at $148.066. The $3.12 intraday range was contained relative to recent sessions, and volume of 64.9 million shares ran below the 89.4 million trailing average and below the prior session's 60.7 million, a modest step up in turnover but still light. The stock remains well above its $135.00 IPO offer price but roughly 8.0% below its June 12 first-day close of $160.95.

The one-line takeaway: SPCX closed effectively flat with below-average volume after an intraday dip and recovery, holding within its recent consolidation range.

Technicals

SPCX has been trading for a little over three months since its June 12, 2026 IPO, so the longest-horizon technical, the 200-day moving average, is not yet available (not enough trading history). Shorter-horizon indicators — RSI-14 and the 5/10/20/50-day moving averages — are now computable, but given the stock's short trading history and history of large swings, they should be read alongside price structure and volume rather than in isolation.

Trend

Since the IPO, SPCX has been volatile: it peaked at a $201.80 close on June 16, fell to a low close of $108.27 on August 5, then rebounded through August and September to a closing high of $154.81 on September 17 and $154.72 on September 22. The last two sessions have pulled back modestly, to $148.36 on September 23 and $148.066 today. The moving averages remain in a bullish stack — SMA-5 ($151.14) above SMA-10 ($150.42), above SMA-20 ($148.01), above SMA-50 ($135.57) — but today's close sits below the SMA-5, EMA-5 ($150.11), and SMA-10, and just above the SMA-20, consistent with a short-term pullback inside a longer uptrend off the August lows.

Candle read

Today's candle has a small red body (open $148.18 to close $148.066, a body of -0.11), a long lower wick of 2.19 down to the $145.88 low, and a shorter upper wick of 0.82 up to the $149.00 high. The close-location value of 0.70 means the session closed in the upper 70% of its range. In other words, price opened near its eventual high, sold off toward $145.88 intraday, then recovered most of that decline to close near the top of the range — a session where sellers pushed the stock down early but buyers stepped in before the close.

Support levels

• $145.88 — today's intraday low
• $148.01 — SMA-20, essentially where the stock closed today
• $145.00 — nearest round number below current price
• $135.57 — SMA-50
• $135.00 — IPO offer price, a longer-standing structural level

Resistance levels

• $149.00 — today's intraday high
• $150.00 — nearest round number above current price
• $150.11–$151.14 — cluster of EMA-5, SMA-10, and SMA-5
• $154.72–$154.81 — the September 17 and September 22 closing highs

Momentum interpretation

RSI-14 is 52.25, close to the midline and neither overbought nor oversold, consistent with a consolidating tape rather than a strong trend in either direction.

Bull scenario: a close back above the $150.11–$151.14 cluster (EMA-5/SMA-10/SMA-5) would put the stock back on approach to the recent September closing highs near $154.72–$154.81.

Bear scenario: a close below today's low of $145.88 and the SMA-20 at $148.01 would open room toward the SMA-50 at $135.57 and the $135.00 IPO offer price.

Neutral scenario: continued sideways action between roughly $145.88 and the $150–$151 zone, consistent with today's near-flat close, a mid-range RSI, and below-average volume.

Trading Takeaway

SPCX finished September 24 essentially unchanged, with an intraday round-trip from $148.18 down to $145.88 and back up to close at $148.066 on below-average volume. The stock remains in a short-term pullback within a longer uptrend that has carried it from the August 5 low close of $108.27 to the September 17/22 highs near $154.72–$154.81. Moving averages are still stacked bullishly on a 5/10/20/50-day basis, but price is currently trading below the shorter SMAs. Key levels for the next session: support at $145.88 and $148.01 (SMA-20), resistance at $149.00 and the $150.11–$151.14 cluster of EMA-5/SMA-10/SMA-5.

Sources

1. SpaceX Is Poised to Reclaim a $190 Share Price by the End of 2026 — The Motley Fool
2. Google Moves Up its Space Data Center Timeline — Project Suncatcher Launches Oct. 1 — Benzinga
3. SpaceX Stock Faces Another Wave of Insider Shares — Benzinga
4. Elon Musk's SpaceX Gets Rare Access to Classified US Space Tracking Data For 'Internal Use' — Competitors Cry Foul Over Stargaze Advantage: Report — Benzinga
5. SPCX CEO Elon Musk Backs Cathie Wood's Bullish AI Call: Real GDP Growth Could Blow Past 7%-8% — Benzinga
6. 6 Things to Know About Anthropic's Upcoming IPO — The Motley Fool
7. Here's What a $1,000 Investment in SpaceX Stock Could Be Worth in 5 Years — The Motley Fool
8. Joe Rogan Says He Loves His Tesla but Laments Brake Dust—TSLA Investor Expresses Skepticism — Benzinga
9. Alpaca Markets (SIP) — market data

Disclaimer

This report is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Data is sourced from Alpaca Markets and the cited news outlets as of the timestamps shown and may be incomplete or delayed. Verify all figures independently before making any financial decision.