Why SpaceX Stock Price Is Rising After 911M Share Unlock

SpaceX (NASDAQ: SPCX) stock price gained by 15% on August 7 to close trading at $133. The shares are now up by 22% within five trading days since August 3. The gains come despite 911.5 million SPCX shares becoming eligible for sale for the first time.

Such huge share unlocks are expected to pull the price down because of an increase in selling pressure. Still, SpaceX is defying the norm and has instead outperformed all other top ten largest companies by market cap this week.

3 Reasons SpaceX Stock Price is Rising

SpaceX stock price reached an all-time low of $106 on August 6, with this being the same date that the 911.5 million shares became available for selling. But since then, the stock has gained to $133, with this being only 1.5% shy of the IPO price of $135.

These gains are because of three reasons: SpaceX Q2 2026 earnings, increasing volumes, and bullish macro conditions.

SpaceX Q2 2026 Earnings Boosted Market Sentiment

The first reason behind the recent gains in SpaceX stock price is the company’s Q2 earnings that beat Wall Street estimates after revenue came in at $7.81 billion, with this being higher than the $6.9 billion that Wall Street expected.

SpaceX’s revenue of $7.81 billion was also a 92% increase from the $4.1 billion in revenue posted in Q2 2025.

A recent report by CoinGape revealed that these revenues and positive Q2 2026 earnings led to Argus upgrading the SpaceX stock from “hold” to “Buy” and gave it a $160 target. Morgan Stanley also reiterated a $300 target based on these earnings.

Rising Trading Volumes

SpaceX stock price is also gaining because of an increase in trading volumes that usually points towards high demand for the stock.

Analyst Nic Cruz notes that volume numbers for SPCX stock are three to four times higher than what they were before the earnings results came out.

“Many people were betting against insiders and employees selling their shares, but the complete opposite happened, as expected,” Cruz said.

He also noted that on the day when the earnings came out on August 4, 144 million shares were traded. By August 6, the volume numbers had risen to 255 million shares, with the rise driving gains for SpaceX stock price.

Reduced Odds of Fed Rate Hikes Are Fuelling Stock Market Gains

CoinGape reported that the US jobs report that came out on August 7 revealed that nonfarm payrolls dropped by 23,000 in July 2026, with this being lower than the 80,000 that Wall Street expected.

The data showed that the jobs market is cooling, an event that usually moves the Federal Reserve to trim or keep interest rates unchanged, which in turn fuels demand for stocks such as SpaceX.

The Fed interest rate prediction market now shows that there is a 66% chance that the Fed will not hike rates at the September FOMC meeting, with this being a turnaround from earlier expectations that it would hike rates.

The dovish outlook is the third reason why the SpaceX stock price rose by 15% on August 7 after the release of the jobs data.

SpaceX Stock Price Prediction Amid Rounded Bottom Recovery

The one-hour chart for SpaceX stock shows that the shares have made a rounded bottom pattern that usually suggests that the long-term trend is changing from a downtrend to an uptrend.

The RSI reading of 72 shows that the momentum around the stock is favoring bulls. The AO bars that are green and rising in length also support a bullish outlook for this stock.

If the gains continue, SpaceX stock price will face resistance at the IPO price of $135. This is where most traders who purchased during the IPO will break even, and if they decide to sell, the selling pressure could push the stock lower.

But if SpaceX stock price closes above $135 for three straight days, it could move to the next psychological resistance of $150.

If the uptrend weakens and SpaceX stock price fails to close above $135, it could resume the downtrend and retest the August 6 low of $105.

As macro conditions shift, traders are turning to prediction markets to stay ahead of the curve and identify factors that could move crypto and stock prices in the near term.