TradingKey - SpaceX's stock rises over 3% even as its first unlocked shares are about to enter the public float.
On August 6, Eastern Time, SpaceX ( SPCX) stock price rose instead of falling as the lock-up expiration approached, surging over 3% in pre-market trading to climb back above $110, temporarily trading at $112.03. Yesterday, affected by the released financial report, SpaceX's stock price plummeted over 13%, nearly falling below the $100 mark.
SpaceX stock chart, Source: TradingView
At 9:30 AM Eastern Time on Thursday, August 6, SpaceX experienced its first wave of lock-up expirations, which is expected to release 911.5 million shares. This far exceeds the current public float of around 640 million shares, meaning SpaceX's public float is about to increase by 1.4 times. If all the newly unlocked shares are sold off, it will definitely have a massive impact on the stock price. However, the unlocked shares may not necessarily all be sold off.
Notably, today is only the first lock-up expiration for SpaceX, with three remaining rounds this year. The specific timing and quantities are as follows:
Lock-up Expiration Round | Expected Lock-up Expiration Time (ET) | Estimated Unlocked Shares | Percentage of Total Share Capital |
Round 1 (First Wave) | August 6, 2026 | Approx. 911 million – 920 million shares | Approx. 7.0% |
Round 2 (Phased Unlock Period) | August – Mid-October 2026 | Approx. 960 million shares | Approx. 7.3% |
Round 3 | Late October / Early November 2026 | Approx. 1.28 billion – 1.30 billion shares | Approx. 9.8% |
Round 4 | December 8, 2026 | Approx. 1.15 billion – 1.20 billion shares | Approx. 8.8% |
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