SpaceX shares climb back above $135 IPO price after earnings

SpaceX shares rose 4% Monday to finish above the company’s $135 IPO price for the first time since July 15, extending a rebound after a volatile stretch of post-listing trading. The stock briefly touched that level earlier in the session after falling as low as $108.27 only days ago. The move followed the company’s first earnings report as a public company, which CNBC said topped revenue expectations and drew higher 2026 and 2027 forecasts from Citi. The rally also came after the first lockup period expired last week, making more than 911 million shares eligible for sale by early investors and employees, a change some analysts warned could keep near-term trading choppy.