SpaceX shares traded at $147.29, marking a 0.93% decline shortly before the company confirmed the successful splashdown of its Starship vehicle. During the mission, the craft reached an altitude of approximately 170 miles and deployed 26 Starlink V3 satellites before returning to the Pacific Ocean.
The downward pressure on the stock follows the expiration of the post-IPO lockup period on September 24, which made 328 million shares eligible for trading. Additionally, company president Gwynne Shotwell recently sold $52.5 million worth of shares as part of a pre-arranged trading plan.
Market participants are currently monitoring the $150 price level, with 22,700 call contracts open for the upcoming Friday expiry. Put options are primarily concentrated around the $140 mark, reflecting ongoing uncertainty among traders.
Analyst sentiment remains mixed regarding the company's valuation. MoffettNathanson maintains a neutral rating with a price target of $142, while the broader analyst consensus sets an average target of $222.42 per share.
