US Stock Market: SpaceX Shares Gain as First Lockup Expiry More than Doubles Tradable Float
The unlock could add 911.5 million shares to trading and raise SpaceX’s Nasdaq 100 weighting above 3.5%, TD Securities said.
- On Thursday, August 6, 2026, SpaceX reached its first share-unlock milestone, allowing approximately 911.5 million shares to become tradable and doubling the stock available to the public.
- SpaceX's June 12, 2026, IPO featured a nontraditional, staggered lockup schedule, diverging from the standard 180-day restriction typically imposed on newly public companies.
- Market volatility remains a factor as shares have plunged 52% below their all-time intraday high from the end of July, with Ryan Lee, senior vice president of product and strategy at Direxion, noting multiple trigger factors.
- This unlock event represents up to $99 billion in potential selling pressure; Justus Parmar, CEO of Fortuna Investments, said that selling may affect short-term performance "without changing the underlying business situation."
- Future unlock milestones occur every two to three weeks through mid-December, with SpaceX's Nasdaq 100 weighting potentially exceeding 3.5% after the September index rebalance.
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SpaceX Stock Surges After Share Unlock Puts Investors to the Test And Gets Close To IPO Price
The stock climbed about 18% over the past five trading sessions despite navigating its first quarterly earnings report as a public company and the largest lock-up expiration since its June initial public offering.
After the end of the so-called lock-up period, the space company's share increased surprisingly. However, analysts are concerned about the consequences of the stock floods.
The Economic Times
Times of IndiaUS Stock Market: SpaceX shares gain as first lockup expiry more than doubles tradable float
SpaceX shares rose over 6% on Thursday in heavy trading, with more than $23 billion worth of shares changing hands — likely the busiest session since the company joined the Nasdaq 100 on July 7. The rally came despite the first of several scheduled lockup expiries, which more than doubled the number of publicly tradable shares by unlocking about 911.5 million additional shares (on top of the roughly 639 million already in the public float).
(Los Angeles = Yonhap News) Correspondent Kim Kyung-yoon = Approximately 900 million new shares have been released into the market as SpaceX's stock price hits a new low since its listing.
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