SpaceX Stock Faces Volatility After September 24 Share Unlock

SpaceX shares are seeing a 4 percent gain this month, trading at 147.95 dollars as of September 7. Investors are now watching a significant event on the calendar as a new share unlock is scheduled for September 24. This move will increase the tradable float of the stock to approximately 20.1 percent.

When asked to predict the price movement following this event, ChatGPT leaned toward a slightly bearish outlook. The model estimates that the stock will likely trade between 140 and 155 dollars, with a target of 145 dollars. This represents a minor decline from current levels. However, the AI noted that a crash is unlikely, as previous unlocks did not lead to major selloffs.

There is still a path for bulls if market demand remains high. The model suggests that strong buying pressure could push the price toward the 155 to 170 dollar range, or even higher in an optimistic scenario. Investor interest in the company's satellite and computing sectors could help absorb the additional supply.

Traders should keep a close eye on the stock leading up to September 24. If the price holds above 160 dollars before the unlock, the AI expects only a modest pullback. As always, market sentiment will play a major role alongside the increase in available shares.