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SpaceX Shares Are Crashing Back Near $100 Per Share. Is It Time to Buy or Wait Longer?
With SpaceX shares down 51% from their peak, an upcoming lockup expiry will free 911 million shares for early investors, raising concerns about potential selling pressure.
On August 6, 2026, SpaceX faces a major lockup expiry that could release 911.5 million shares, compounding pressure from a 51% drawdown since the June IPO.
Even after shedding over 50% from peak prices, SpaceX still carries a roughly $1.45 trillion market cap, a figure analysts find staggering given the company has never reported public quarterly financials.
Steven Lewis, managing director at JamesDruryPartners, noted that shareholders increasingly question whether the board can act as an independent check when leadership authority remains highly concentrated.
With second-quarter earnings scheduled for August 4, 2026, options traders maintain a bearish 1.64 put/call ratio, reflecting skepticism about near-term price stability ahead of share releases.
The company serves as a test case for future trillion-dollar IPOs, as investors evaluate whether public ownership provides meaningful mechanisms to hold visionary founders accountable during strategic uncertainty.
Many investors have entered SpaceX at the highest price thanks to popular ETFs - but in homeopathic doses. So far, the catastrophic course of the stock has hardly affected the overall development of the funds. This is likely to change soon.