SpaceX stock is sitting at a familiar wall again. Shares of Space Exploration Technologies Corp. (SPCX) closed Friday, September 4, at $147.95, down 1.20% on the day, right on top of a level traders have flagged for weeks.
The SpaceX share price has bounced hard since its August lows, but it's still down roughly 34% from its June peak of $225.64. Now a fresh test is coming.
Two things are converging at once. A major lockup expiry hits next week, and the SpaceX stock price keeps getting turned away at $150. Here's what the latest SpaceX news means for the setup.
The pullback isn't really about news. Friday's session showed a mild 1.20% dip, but aftermarket trading actually turned positive, with shares near $150 gaining about 1.23%.
Part of the latest SpaceX news comes from Isar Aerospace. The German rocket startup's Spectrum vehicle reached orbit on its second flight, becoming the first commercial company to launch satellites from continental Europe.
Isar's commercial chief says demand across the launch industry has outrun supply, with a pipeline now above €10 billion. That's a notable data point for the sector, but SpaceX stock trades on a different scale.
SPCX carries a market value near $1.95 trillion. Its price action depends far more on Starlink growth, Falcon launch cadence, and Starship testing than on a single European rocket's debut flight.
This is the bigger spcx news story right now.
September 9 marks the 90th trading day since SpaceX's IPO. That triggers a lockup expiry, making roughly 319 million additional shares eligible for sale.
A second batch of 59 million shares follows on September 10.
Date | Shares Unlocked | Event |
August 6, 2026 | ~900 million | First lockup expiry |
September 9, 2026 | ~319 million | 90-day lockup expiry |
September 10, 2026 | ~59 million | Additional tranche |
More available shares don't automatically mean a selloff. SpaceX already proved that once. When over 900 million shares unlocked on August 6, the stock didn't collapse. It actually climbed back above its $135 IPO price within days.
Still, more supply hitting the market after a volatile first few months as a public company is worth watching closely.
Wall Street hasn't turned bearish on SpaceX stock.
According to FactSet data, the average price target for SPCX sits at $225.87, implying roughly 50% upside from current levels.
The Wall Street Journal reports 28 analysts rate the stock Buy, three say Overweight, seven have it at Hold, one at Underweight, and two rate it Sell.
Price targets vary widely, spanning from $75 on the low end to $800 on the high end.
Oppenheimer's Timothy Horan raised his target to $280 from $250 this week, keeping an Outperform rating. He pointed to SpaceX's growing AI infrastructure and data advantages as a reason for the higher call.
Bernstein holds a $248 target, also citing Starlink expansion and improving Starship economics as long-term drivers.
Investor Ross Gerber went further, saying he sees more upside in SpaceX than in Tesla, and floated the idea that the two Musk-led companies could eventually combine.
On the 2-hour chart, the Space X stock price is consolidating inside a descending channel after bouncing off its yearly low near $105.
Resistance sits at $150 to $151, which also lines up with a Fibonacci 0.382 retracement level. A clean close above $151 to $152 could open the door toward $160 to $165, with $179 to $180 as the next stop if momentum builds.
On the downside, a rejection at $150 followed by a break under $140 could send SPCX stock back toward $133 to $135. Losing $133 puts the $125 zone in play.
RSI is reading near 60, suggesting steady upward momentum without the stock being overbought yet.
Level Type | Price Zone |
Key Resistance | $150 – $151 |
Upside Target 1 | $160 – $165 |
Upside Target 2 | $179 – $180 |
Key Support | $133 – $135 |
Downside Risk | $125 |
The next few sessions matter. SPCX stock has spent weeks getting rejected at $150, and the September 9 and 10 unlock events add fresh supply right as momentum tries to build.
A break above $150 with volume could shift sentiment quickly. A failure there likely keeps SpaceX stock range-bound between $130 and $150 for now.
This article is for informational purposes only and does not constitute financial, investment, or trading advice. Stock prices are volatile and can move sharply in either direction. Past performance does not guarantee future results. Always do your own research and consult a licensed financial advisor before making investment decisions.