Space Exploration Technologies Jumps 15.83% to $133.11 as Q2 Beat Eases Lockup Fears
Updated
Updated · Yahoo Finance · Aug 7
Space Exploration Technologies Jumps 15.83% to $133.11 as Q2 Beat Eases Lockup Fears
3 articles · Updated · Yahoo Finance · Aug 7
Summary
$133.11 marked a 15.83% jump for Space Exploration Technologies on Friday, with volume hitting 236.7 million shares, about 91% above its three-month average.
The rally followed a Q2 revenue beat, fading concern around the company's first lockup expiration, and a fresh update on its joint Terafab project with Tesla.
Investors also focused on the outlined $16.8 billion first phase of the Texas semiconductor complex and reports that SPCX's $60 billion Cursor deal could close as early as next week.
The move came in a broader risk-on session—Nasdaq rose 1.28% and S&P 500 gained 0.59%—while peers Rocket Lab climbed 9.46% and AST SpaceMobile added 6.80%.
Even after the surge, SPCX remains down 17% since its 2026 IPO, underscoring how quickly sentiment is swinging around the newly public company.
With 911 million shares unlocked and revenue surging 92%, has SPCX finally overcome its post-IPO slump to reclaim its $135 debut price?
Could SpaceX’s massive $60 billion acquisition of Cursor transform the aerospace giant into the world's next dominant artificial intelligence conglomerate?
How will the $16.8 billion Texas Terafab project reshape the global semiconductor supply chain for both space infrastructure and artificial intelligence?