SpaceX (NASDAQ:SPCX) faces its second post-IPO lockup expiration Thursday, with roughly 319 million shares becoming eligible for trading — the calendar-based tranche tied to the company’s 70th day as a public stock.
The release follows an initial wave of roughly 912 million shares that freed up two weeks ago, when the public float jumped from under 5% to above 12% of shares outstanding.
SPCX stock is moving. See the real-time price action here.
Shares traded at $135.91 in early trading on Thursday, down 2.68% from Wednesday’s close of $143.34, keeping the rocket-and-satellite giant’s market cap near $1.83 trillion, per Benzinga Pro.
The move follows a stretch of relative strength. SpaceX shares climbed 4.17% to $145.84 on Monday after fresh 13F filings revealed several institutions building multibillion-dollar stakes, pushing the stock back above its $135 IPO price.
