SpaceX shares rise after 911 M lockup unlock

Shares of SpaceX rose on Thursday, August 6, 2026, as the company's first and largest post-IPO lockup expiration took effect, making up to 911.5 million shares held by employees and early investors eligible for sale. The event more than doubled the number of shares available for public trading, a critical test for a stock that has fallen sharply since its record-breaking debut in June.

SpaceX went public on June 12, 2026, at $135 per share. The stock soared to an all-time high of $225.64 on June 16 but has since declined more than 50%, trading below its IPO price. The decline continued on Wednesday, August 5, with shares falling 12% to close at $108.27 despite the company reporting stronger-than-expected first-quarter results. Revenue for the quarter was $7.8 billion, surpassing analyst estimates of $6.8 billion, and the company's artificial intelligence division reported $1.1 billion in earnings, outperforming expectations.

Thursday's unlock of 911.5 million shares represents over 140% of the 638.9 million shares that were available after the initial public offering. The increase in available shares is significant enough to influence the company's weighting in major indexes...