SpaceX (NASDAQ: SPCX) stock price gained by 15% on August 7 to close trading at $133. The shares are now up by 22% within five trading days since August 3. The gains come despite 911.5 million SPCX shares becoming eligible for sale for the first time.

Such huge share unlocks are expected to pull the price down because of an increase in selling pressure. Still, SpaceX is defying the norm and has instead outperformed all other top ten largest companies by market cap this week.

3 Reasons SpaceX Stock Price is Rising

SpaceX stock price reached an all-time low of $106 on August 6, with this being the same date that the 911.5 million shares became available for selling. But since then, the stock has gained to $133, with this being only 1.5%…