SpaceX stock declines 3% since its record $75 billion IPO as investors brace for upcoming share unlocks and dilution.
SpaceX shares fell 3% from their IPO price as of June 23, following a brief post-listing rally. The company raised $75 billion in its debut, achieving a $1.77 trillion valuation, but volatility has since set in ahead of scheduled share releases.
Only 4% of SpaceX’s total shares were offered in the IPO, with the remainder subject to lockup periods. The SEC does not mandate lockups, but they are standard practice to prevent market flooding. Additional shares will be released as milestones are met, increasing liquidity over time.
Investors are advised to monitor the lockup expiration timeline, as insider sales could pressure the stock further in the near term.