SpaceX shares rose 0.99% in premarket trading on Monday to $135.60, building on Friday’s 8.62% rebound to $134.27. The stock is now hovering near its $135 IPO price from June. CNBC’s Jim Cramer said he wants to own SpaceX but is holding off, expecting more shares to hit the market. He estimates only about a third of SpaceX stock can trade today, with further lockups ending over the next eight months, including insider releases likely after second-quarter 2027 results. Cramer said that supply could outweigh demand in the short term. Spending is another concern. SpaceX expects fourth-quarter capital spending of $35 billion to $40 billion, almost double forecasts, though third-quarter revenue jumped 161% to $14.6 billion. Morgan Stanley’s Adam Jonas lifted his 2027 sales estimate to $175 billion, and Bernstein raised its price target to $268.
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