SpaceX Unlock Sparks Short-Term Sell Pressure for SPCX
SpaceX’s SPCX stock is facing a fresh supply test as roughly 319 million shares become tradable on Aug. 20, potentially boosting near-term selling pressure after a larger unlock earlier this month was absorbed; additional unlocks in September and December could leave as much as 40% of the float freely tradable by year-end. Despite near-term pressure, Wall Street remains bullish longer term, with a target around $228.59, even as momentum remains weak in the near term.