SpaceX's first major lockup expiration is set to occur in early August, releasing roughly 911.5 million shares into the market. These shares are valued at approximately $123 billion at recent prices. The company's stock has been trading below its $135 IPO price, ranging from $124 to $135 as of mid-July.
Lockup Details
The lockup expiration will release between 20% and 30% of total shares, with a second large tranche of about 28% following after Q3 earnings. By December 8, 2026, roughly 40% of all SpaceX shares will be freely tradable.
Insider Lockups
Elon Musk's shares carry a 366-day lockup, meaning he cannot sell until approximately June 2027. The first major unlock lands right after Q2 earnings, meaning the stock will simultaneously be digesting financial results and absorbing a massive supply increase.
Market Impact
The release of these shares will test the market's appetite for SpaceX stock, which has been struggling to hold above its IPO price. The company's valuation surpassed $2 trillion after its IPO, making it the largest public offering in US history.
Based on reporting from cryptobriefing.com.