SpaceX’s first major lockup expiration is set to hit in early August, releasing roughly 911.5 million shares, valued at approximately $123 billion at recent prices, into a market that’s already struggling to hold the stock above its $135 IPO price.
The unlock schedule, explained
SpaceX went public around June 11, 2026, listing on Nasdaq under the ticker SPCX at $135 per share. The IPO pushed the company’s valuation past $2 trillion, making it the largest public offering in US history.
Less than 5% of SpaceX’s total shares were actually released into the public float at launch. Rather than the standard single 180-day lockup that most IPOs use, SpaceX implemented a staggered release schedule. Tranches of roughly 7% unlock at days 70, 90, 105, 120, and 135 after the IPO.
The first major wave hits approximately two trading days after the company reports Q2 earnings, unlocking between 20% and 30% of total shares. A second large tranche of about 28% follows after Q3 earnings. By December 8, 2026, when the full 180-day period concludes, roughly 40% of all SpaceX shares will be freely tradable.
