Up to 30% of SpaceX shares may become eligible for sale after its first earnings report as a public company.
SpaceX’s market capitalization settled near $2 trillion after its IPO, following a surge from $1.77 trillion to $2.5 trillion. The stock’s volatility has been driven by a limited float, with less than 5% of outstanding shares available for trading initially.
The company’s first earnings report as a public entity, expected around Aug. 6, will unlock 20% to 30% of its shares. These shares, held by employees, management, and early investors, were previously restricted from sale. The unlock could significantly increase supply in the market.
Analysts warn the influx of shares may pressure the stock price, though the exact impact remains uncertain. The earnings report itself will also provide key financial details likely to influence investor sentiment.