SpaceX Stock Holds Firm Above $150 Following Major Insider Share Release
New York, Sunday, 13 September 2026.
SpaceX shares rallied past $150 despite 319 million insider shares entering the market, bolstered by a new $1.11 billion monthly compute deal supporting its $2.05 trillion valuation.
Market Performance Following Lock-Up Expiration
Space Exploration Technologies Corp. continues to command significant attention on the Nasdaq exchange under the ticker SPCX, with shares holding firm above $150 as of 13 September 2026 [1][2]. Despite the release of approximately 319 million insider shares following the third major lock-up expiration on 9 September 2026, the stock demonstrated resilience in premarket and recent trading sessions [2]. Market analysts are closely monitoring the equity market interest surrounding the aerospace company’s long-term capital strategy as commercial satellite deployments accelerate [1]. The ability of the stock to maintain valuation levels near $150.28 suggests strong institutional investor confidence despite the increased supply of eligible shares [2].
Revenue Targets and Strategic Agreements
Supporting the company’s $2.05 trillion market capitalization is a new compute agreement valued at $1.11 billion per month, aligning with CFO Bret Johnsen’s target of $100 billion in Annual Recurring Revenue [2]. Trading data for 12 September 2026 indicates a daily high of $151.85 and a low of $145.92, resulting in a trading range spread of 5.93 dollars [2]. This volatility occurred against a trading volume of 79.27 million shares, closely matching the daily average of 79.67 million shares [2]. Additionally, the United Kingdom government awarded a contract worth nearly $40 million to SpaceX for satellite services, further diversifying revenue streams [2].
Corporate Structure and AI Integration
In early 2026, SpaceX acquired xAI from founder Elon Musk, integrating the Grok large language AI model and the Colossus gigawatt-scale data center into its operations [3]. The company now operates segments including Space, Connectivity, and AI, with the Connectivity segment powered by approximately 10,200 Starlink broadband satellites in Low-Earth orbit [1]. Market performance data as of 12 September 2026 shows a 1-month price increase of 2.46% from $146.67, reflecting positive momentum post-acquisition [3]. Investment vehicles such as the Global X Space Tech ETF (ORBX) are noted by analysts to hold upside potential as the company expands its computational infrastructure [2].