SpaceX shares hold steady after $100B lockup release

SpaceX navigated its first major post-IPO lockup expiration on Thursday, August 6, 2026, with its stock price holding relatively stable despite the release of approximately 911.5 million new shares into the market. The event, which more than doubled the company's publicly tradable float, was a critical test of investor confidence following a sharp decline in the share price from its June peak.

The newly tradable shares, worth roughly $100 billion at prevailing prices, became eligible for sale by employees and early investors. This marked their first opportunity to convert equity holdings into cash since December 2025. Despite the potential for significant selling pressure, SpaceX shares traded slightly higher in premarket activity and remained steady through the day. Analysts attributed the stability to a combination of strong recent earnings and the company's unconventional, staggered lockup schedule.

Unlike a traditional single expiration date, SpaceX engineered a multi-stage release of restricted shares to avoid flooding the market. The August 6 tranche represented the first wave, allowing insiders to sell up to 20 percent of their eligible holdings. Additional, smaller...