#GateStockInsightsChallenge

SpaceX ($SPCX) shares are moving sideways around $135 following successive lock-up processes and are awaiting market demand to retest the $150 resistance.

(Sustained return of SPCX (SpaceX) shares to the 150\) level appears difficult in the short term due to the persistent supply pressure created by staggered lock-up expiries and high capital expenditures; the current gain in momentum is a short-term rebound rather than a lasting bull run.

Current Level: As of the end of August 2026, the share price is trading around $139.63.

Staggered Lock-Up Releases: The 912 million shares released in the initial phase, followed by subsequent tranches of lock-up expiries, have multiplied the amount of publicly traded shares, creating a strong resistance zone during upward moves.

Key Rationale: The company's AI infrastructure and massive capital expenditure plans continue to weigh on its high market capitalization (~$1.8 trillion) in the short term.

Strategic Assessment$150 Resistance: The $150 area, which was the opening level on the stock's first trading day after its public offering, is currently a difficult psychological and technical resistance point to overcome due to excess supply.