SpaceX Stock LIVE Updates Today Aug. 20: Shares Dip Amid $51B Unlock, Crash To $75?

SpaceX Stock Risks Crash To $75 Amid 319M Share Unlock

Phillip Securities has continued to rate SpaceX Sell with a $75 price target.Phillip Securities’ rating on SpaceX remains Sell with a $75 price target. The brokerage reported robust second quarter sales, which increased 92% from the previous year to $7.8 billion. The revenue from AI grew by 247%, connectivity by 66%, and space-related revenue by 29%. The number of Starlink customers doubled to 12M during the quarter.The number of customers on Starlink doubled to 12M in the quarter.

SpaceX also reported cash and securities of $100 billion. Those concerns include high capital expenditure and a narrow set of AI customers and brevity of cloud deals. They might have to enter into longer contracts to have a higher valuation.

SpaceX Eyes Starship Tower Catch in “a Few Months,” Musk Says

In the next few months, SpaceX could try to capture a Starship upper stage with the launch tower, CEO Elon Musk said. In a post on X, Musk wrote, “Looks like we will probably catch the ship with the tower in a few months.”

A tower at sea also could have made earlier landing tests possible, he added. SpaceX aims to send the first Starship back into space sometime late 2026 or early 2027. Musk called the event “a fork in the road of history for consciousness reaching the stars.”

Elon Musk Says SpaceX Spectrum Deal Report Is “Not True”

SpaceX is not interested in purchasing the spectrum licenses owned by Grain Management, according to Elon Musk. The report was met with a “Not true” comment on social media by Musk. Bloomberg had reported that SpaceX and AST SpaceMobile were among potential bidders for the licenses, which are valued at about $6 billion.

Not true

— Elon Musk (@elonmusk) August 21, 2026

For context, the 800 MHz band might be able to be utilized for direct-to-person satellite services. Grain’s licenses were made available through a spectrum swap deal with T-Mobile. Meanwhile,SpaceX is currently continuing to grow Starlink’s satellite connectivity division.

SpaceX Stock Sees $160M Bullish Put Bets Despite 4% Drop

The SpaceX stock dropped 4 percent following the 319 million shares that were eligible for sale by the company’s insiders. The bull market was more bullish in the options market, though. Traders went into several put selling positions at the bid, collecting over $160 million in premiums.

The biggest trade was 10,520 September 18 $230 puts worth $102.57 million. Another trade took 5,910 August 21 $200 puts with a total value of $39.86 million. A third trade involved 5,080 August 21 $180 puts valued at $24.21 million. The month began with new supply coming into the market as SpaceX shares rallied.

Elon Musk’s SpaceX Eyes $6B Spectrum Portfolio Amid Stock Decline

SpaceX is reportedly one of the companies interested in Grain Management’s $6 billion spectrum portfolio that could enable satellite-to-phone connectivity. AST SpaceMobile is also said to be interested in the licenses. The 800 MHz spectrum was acquired by Grain when it swapped with T-Mobile earlier this month.

Amid this background, SpaceX stock fell 4.05 per cent to $134.00. This loss came on top of investor concerns over the company’s satellite connectivity plans and the recent share unlock.

Anthropic Eyes Dethroning SpaceX With Record IPO

Anthropic is readying itself for what would be a potential initial public offering that will push SpaceX to its record-breaking IPO. The AI firm could file its IPO paperwork as soon as the end of August, according to Bloomberg citing sources with knowledge of the plans. SpaceX sold approximately $86.2 billion in total shares, including an over-allotment.

Anthropic is reportedly looking for a valuation and size that approaches and may even exceed that number. Morgan Stanley, Goldman Sachs and JPMorgan are working on the offering. Other banks may follow suit later. In addition, Anthropic has been meeting with potential investors prior to listing.

SpaceX Stock Dips as $51B Share Unlock Hits Market

The SpaceX stock took a beating on August 20, as investors watched the latest share unlock. As of 11:41 a.m. ET, SPCX was valued at $130.99 on the market data, compared to $139.65 at the previous close, according to the market data.

The drop is due to the release of approximately 319 million shares as part of a staggered lockup. The tranche has been priced to sell for about $51 billion based on recent prices. This is after an earlier August unlock of over 900 million shares. Investors are keeping an eye on if the new stock comes into the picture to add additional selling pressure. Read More.