Pretty much the only stock I ever want to see go up is SpaceX (SPCX). This week was huge for the company for two reasons: one, they had their first earnings release on Tuesday after the close, and two, starting yesterday, almost a billion shares got “unlocked” for trading.
The general supposition was that the unlock would crush the stock price, but I offered the counter-intuitive idea that the stock would actually RALLY in the face of this release. It’s heartening to see that is what is happening, although it hasn’t quite reclaimed its earnings day peak.
On a daily basis, it seems the stock has finally hammered out a bottom. Monday marked the worst price for the company in its short history as a public entity, but this week has been quite constructive for the direction of SPCX.
Who’s to say whether these lows will hold in 2026, but my sense is that, long-term, this is going to be another big Elon success story.
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