SpaceX’s tradable float may expand threefold by December, pressuring shares already down 51% from their peak.
SpaceX shares, which debuted at $135 on June 12, have fallen to $110 after peaking at $225.64 on June 16. The decline follows concerns over its 76x 2025 sales valuation, AI division losses, and a looming surge in tradable shares.
The company sold only 5% of its shares in its IPO and will unlock 20% of its float on August 6, with additional waves totaling 7% in late August and September. A 28% unlock follows its third-quarter earnings, and the remaining shares will be freed on December 8, tripling the float.
Historically, such unlocks increase selling pressure, limiting upside potential as insiders and early investors cash out.