SpaceX Shares Decline Amid Starship Test Flight Uncertainty and Upcoming Lockup Expiration
Space Exploration Technologies (SPCX) closed down 2.33% at $139.75 on November 11, 2026, despite positive regulatory news regarding the FCC's acceptance of its nationwide spectrum application. While the approval marks a significant step toward becoming a standalone wireless carrier, investor enthusiasm was tempered by technical risks surrounding the upcoming Starship Flight 15 test launch scheduled for Friday. Additional downward pressure stems from the impending expiration of an insider lockup period on December 8, which could increase share supply. Despite recent volatility and a 13% decline since its 2026 IPO, SpaceX continues to show strong fundamentals, having reported $14.6 billion in Q3 revenue—a 161% year-over-year increase driven largely by its AI business segment.
Topics: FCC approval Satellite Communications SpaceX Starship Flight 15
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Part of the story SpaceX Targets Historic Starship Upper Stage Recovery in Upcoming Test Flight (2 articles)