Aug. 6 Turned Out to Be a Nonevent for SpaceX. After a 15% Rally, Here's How High the Stock Could Still Climb in the Next 12 Months.

SpaceX stock surged 15.8% over August 6-7 as insider lockup restrictions expired, defying widespread expectations of selling pressure. Shares closed at $133.11 on August 6, then rallied through the lockup expiration period that many analysts had flagged as a bearish catalyst.

The performance comes despite steep operating losses. SpaceX reported a $4.9 billion net loss in 2025, driven by heavy capital expenditures tied to Starlink expansion and Starship development. The company continues burning cash to build out infrastructure across both business lines.

Analysts remain bullish despite the red ink. The median price target sits at $217, implying 63% upside from the August 6 close of $133.11. That optimism appears rooted in expectations for eventual profitability as Starlink scales and NASA contracts deliver stable revenue.

The lockup event tested sentiment and revealed resilience. Rather than providing selling pressure, the expiration triggered a rally, suggesting insiders either held positions or buyers stepped in aggressively enough to absorb any supply.