SpaceX shares rise despite release of locked-up shares

SpaceX shares rise despite release of locked-up shares

Thu, August 6, 2026 at 8:29 PM GMT+3 1 min read

• SPCX +1.88%

SpaceX Corp (NASDAQ:SPCX) shares rose about 2.5% on Thursday, despite the expiration of the first major lockup period that made more than 900 million shares held by insiders and other investors eligible to trade.

The release of up to 911.5 million restricted shares more than doubled SpaceX's public float, increasing it from roughly 639 million shares to about 1.55 billion.

The stock had fallen nearly 14% on Wednesday as investors anticipated the potential for increased selling following the lockup expiration.

The company uses a staggered lockup schedule rather than a standard 180-day restriction, meaning additional blocks of shares will become eligible to trade over time.

SpaceX CEO Elon Musk's stake remains subject to a lockup until June 2027.

The lockup expiration follows SpaceX's first quarterly results as a public company. The company reported a net loss of $541 million, or $0.09 per share, for the three months ended in June, while revenue rose more than 90% year over year to $7.8 billion.

SpaceX also reported a significant increase in research and development and infrastructure spending, including investments related to artificial intelligence and other projects. The higher spending has added to investor concerns around elevated capital expenditures across the technology sector.