Early investors may sell up to 37% of shares post-earnings, increasing float amid high demand and a $2.6 trillion valuation.
SpaceX shares closed at $201.80 on June 16, nearly 50% above their $135 IPO price, reflecting strong investor demand. The company raised $85.7 billion in its offering, a fraction of its $2.6 trillion market cap, with underwriters exercising options to increase supply.
Second-quarter earnings, expected in early to mid-August, could trigger a surge in available shares. SpaceX’s lockup schedule allows early investors to sell up to 20% of eligible shares after earnings, contingent on stock performance targets. The potential release of 37% of shares may pressure pricing dynamics.
Retail and ETF demand remains robust, but increased float could test market stability. The stock’s valuation and supply constraints have driven its rapid appreciation since the IPO.