SpaceX stock surges 15.8% as lockup expiry fails to trigger sell-off

Published Aug 8, 06:20 PM UTC

SpaceX stock surged 15.8% on Friday, August 8, 2026, outperforming the S&P 500 and Nasdaq Composite. The rise followed the expiration of a post-IPO lockup period that made 911.5 million shares eligible to trade, which investors had feared would depress the stock. Instead, the lack of a sell-off was seen as insider endorsement. Additionally, SpaceX and Tesla announced a $16.8 billion investment in Terafab, a massive semiconductor complex in Texas expected to create at least 3,000 jobs. Despite strong revenue growth, the Motley Fool analyst advises against buying SpaceX stock due to significant cash burn and overvaluation, noting it was not among their recommended top 10 stocks.