SPCX Stock Price Drops 9% During $200B SpaceX Share Unlock

Key Insights SPCX stock price falls 9% as SpaceX stock trades after the $200 billion SpaceX share unlock. RBC’s Kenneth Herbert had maintained an Outperform rating and a $225 target. SpaceX reported $14.6 billion in quarterly revenue as independent committees assessed a merger. The SPCX stock price dropped 9%. It was trading at $144.90 following the approximately $200 billion SpaceX share unlock. The SPCX stock price decline represented a loss of $14.41 for each share compared with the stock’s previous closing price of $159.31. Shares opened at $154.21 and traded in a range of $144.50 to $154.26, with a market capitalization of approximately $1.97 trillion.

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