Selling pressure triggered by SpaceX's second wave of lock-up expirations has stalled the stock's push toward $150, escalating the risk of a drop toward the $100 mark.

SPCX Cursor deal closed Aug 14 ($60B, Anysphere acquisition). Q2: Revenue $7.8B (+92% YoY), Starlink $4.29B (+66%), AI $2.56B (+250%). 12M subscribers. Massive capex ($18B Q2, $15.8B AI). Technical: $146 resistance, $154 breakout target. Jackson Hole (Aug 21-22) validates capex narrative.

TradingKey - SpaceX (SPCX) shares recently reclaimed their IPO price, closing at $146.23 on August 17. Phillip Securities analyst Glenn Thum recently reiterated a "Sell" rating on SpaceX with a target price of $75. Based on the current share price of $146, this forecast implies a potential downside of approximately 50% for SPCX.

TradingKey - Harvard Management Company (HMC), under Harvard University, disclosed in its latest filing that as of June 30, 2026, it held approximately 12.94 million shares of SpaceX with a reported market value of about $2.2 billion. This makes SpaceX the largest single position in Harvard's $4.26 billion disclosed U.S. equity portfolio, accounting for more than half of the total.

TradingKey - As of the U.S. stock market close on August 14, Eastern Time, SpaceX (SPCX) shares fell 0.91% to close at $140. After touching $150 last Wednesday, the stock has pulled back for two consecutive trading days, signaling heavy selling pressure at the $150 mark.

TradingKey - After waiting nearly a decade, Tesla's (TSLA) next-generation Roadster may finally make its official debut.
