SpaceX Stock Rises 5% to $121 Despite 911.5M Share Unlock

SpaceX shares gained 5% to $121 today, defying bearish pressure from the unlocking of 911.5 million shares, signaling strong market absorption of the supply increase.

Woofun AI reports that SpaceX stock advanced 5% during trading on August 7, closing at $121. This price appreciation occurred despite the simultaneous unlocking of 911.5 million shares, which typically exerts downward pressure on equity valuations.