SpaceX shares poised to snap painful 7-day losing streak

Planet Labs PBC

21/07/2026 19:25

** SpaceX's SPCX.O shares rising 6.3% to $127.44 and on course to snap a hurtful 7-session losing streak on Tues
** SPCX shares, which shed 21% during that timeframe, had descended to lowest levels since rockets-to-AI firm's historic IPO priced at $135 last month
** Stock's advance comes after co late Mon announced it expects to report Q2 results after market close on Aug 4, the timing of such significant as it unveils when insider lockup periods begin to expire
** Employees and some early investors will be able to sell 911.5 mln shares on the second day following the report. Under certain conditions, an additional 455.8 mln shares will be eligible for sale, while those owned by CEO Elon Musk and select other insiders are locked up until mid-2027
** SPCX targeting another attempt on Thurs, Jul 23, at its 13th Starship rocket launch, a week after it was forced to scrub the test
** 27 of 33 analysts covering SPCX rate the stock "strong buy" or "buy", 5 "hold" and 1 "sell"; median PT of $226 implies 77% upside to current levels
** Meanwhile, shares of other space firms also climbing on Tues: Intuitive Machines LUNR.O 6%, Planet Labs PL.N 4%, Satellogic SATL.O 9.5% and Virgin Galactic SPCE.N 6%
** AST SpaceMobile's ASTS.O stock up 11%, and satellite communications firm EchoStar ECHO.O, a pre-IPO holder of SPCX, up 6% on the session
     

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))