SpaceX Shares Drop After Third Lockup Release Since IPO
Shares of SpaceX fell by 3.9% to $147.55 on Sept. 9 as a third batch of stock became eligible for trading following the company's June initial public offering (IPO). Up to 319 million shares held by employees and early investors were released, with an additional 59.1 million from affiliates becoming available shortly after. This is part of SpaceX’s standard lockup schedule, where large portions of stock are gradually made tradable over time. Despite the drop on Wednesday, the stock had risen nearly 9% in the three days prior to the release and ended roughly at its previous week's level. The mixed performance across multiple unlock dates shows that while new supply may influence prices, it does not guarantee selling pressure. Most of SpaceX’s shares—about 83%—remain locked up until future releases scheduled through late 2026 and beyond. CEO Elon Musk holds over half the company's stock, which remains restricted until June 2027.
Tickers: $SPCX
Topics: IPO lockup expiration share price movement