SpaceX Shares Slip as Another 319 Million Become Eligible for Sale
Shares of SpaceX Corp (NASDAQ:SPCX) are set to open lower on Tuesday after another large tranche of insider-held shares becomes eligible for sale. On August 20, approximately 319 million shares held by employees and early investors will be available for trading following the company's initial public offering in June. This follows a similar unlock event earlier this month that released around 912 million shares without triggering significant selling pressure. Despite recent gains driven by institutional interest and positive analyst sentiment, concerns persist over concentrated ownership, with just 23 investors holding more than 80% of the reported shares. Alphabet (GOOGL) is currently the largest shareholder at nearly 551 million shares, followed closely by Fidelity International. The stock has rebounded from an all-time low in early August to trade near $146 as of Tuesday morning, still above its IPO price of $135. However, with more share unlocks scheduled through the end of 2026 and into 2027—including Elon Musk's massive stake locked until June 2027—investors remain cautious.
Topics: insider shares lock-up expiration NASDAQ:SPCX SpaceX