SpaceX passes first lockup expiry test with US$500 billion rally

SpaceX passes first lockup expiry test with US$500 billion rally

SpaceX shares surged 35% within five sessions after the first lockup expiry on August 6, releasing 911.5 million shares and adding roughly US$500 billion in market capitalization, signaling investor confidence despite prior sell-off fears. The rally demonstrates that the market had over-discounted dilution risk; for tech leaders, it confirms that strategic AI and space-infrastructure assets command strong valuations even through near-term liquidity events.