Up to 911.5 million SpaceX shares unlock Thursday, but a separate tranche stays frozen because the stock is below its $135 IPO price

SpaceX's stock is too far below a key IPO threshold to trigger an extra 456 million-share lock-up release, leaving only the Aug. 5 expiration.

SpaceX’s earnings and a massive $100 billion share unlock hit at once, creating a high‑stakes moment for a stock already down 50% and bracing for fresh volatility.