SpaceX stock could face further pressure as first batch of shares unlock since IPO

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Early SpaceX

Just over 911 million SpaceX shares will be available for trading, representing about 7% of shares outstanding. It's more than the 639 million shares that were sold in the company's record IPO.

Elon Musk's reusable rocket maker initially saw its stock price shoot up to $150 as it hit the Nasdaq in June before surpassing $225 days later. But it's been a rocky eight weeks since then, with the shares closing on Wednesday at a low of $108.27. The stock plunged after SpaceX said in its first earnings report late Tuesday that capital expenditures were more than twice as high as revenue.

Greg Martin, co-founder of Rainmaker Securities, told CNBC in an email that the stock's "near-term path" may be more effected by the lockup lifting than any fundamentals or strategy.