SpaceX, trading around $147 after rebounding from August lows, remains 34% below its June high of $225.64, and now faces a new challenge as 319 million shares become eligible for sale starting September 9, with an additional 59 million shares unlocking the following day. While the company's dominance in commercial launch, Starlink's growth, and emerging AI opportunities have prompted Bernstein to set a $248 price target and Oppenheimer to raise its target to $280, the influx of tradable shares could pressure the stock. With a market valuation exceeding $2 trillion, SpaceX must attract enough long-term buyers to absorb the increased supply, making September 9 a critical test for the newly public company.
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Oppenheimer Holdings Inc
