SpaceX just flooded the market with roughly 911.5 million newly tradable shares worth approximately $100 billion. The stock didn’t blink.
The August 6 lockup expiration, the first major one since SpaceX’s blockbuster June 2026 IPO, more than doubled the company’s public float. Before the unlock, fewer than 280 million shares were available for trading. Now that number has swelled past 1.1 billion.
Why the stock held steady
The short answer: earnings momentum and smart lockup engineering. SpaceX posted a strong Q2 earnings report ahead of the unlock date, giving shareholders a reason to hold rather than dump.
Rather than releasing all restricted shares in a single cliff event, SpaceX opted for a staggered schedule. The August tranche was the first wave. Additional shares will become tradable through the rest of 2026, with up to 40% of total shares potentially unlocked by December.
