SpaceX Lockup Expires, Unleashing 912M Shares; Stock Rises 6.1% as Retail Holds Firm
SPCX is trading near its 52-week low of $104.83 (8.6% above the low) on elevated volume (2.1× avg).
Summary
The lockup period on 912 million SpaceX shares expired Thursday, releasing over $100 billion in stock into the market — far exceeding the previous float. Despite the potential flood, shares rose 6.1%, contrasting with a broader market decline. Retail investors, who have not had a single day of net selling since the IPO, continue to buy aggressively, snapping up nearly $23 million in the first hour after Wednesday's 14% post-earnings plunge. Meanwhile, short interest has roughly doubled, covering about one-third of shares outstanding, setting up a volatile tug-of-war. The lockup expiration marks a critical test of the stock's supply-demand dynamics, with insiders now free to sell and retail enthusiasm showing no signs of wavering.
At the time of this announcement, SPCX was trading at $113.86 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.5T. The 52-week trading range was $104.83 to $225.64. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.