JewishStatusOpen the app

FrontRow · Aug 6, 2026

FrontRow — photo status

Early SpaceX investors will have their first chance to cash out a portion of their holdings on Thursday as initial lockup restrictions expire, potentially putting pressure on a stock that's already more than 50% off its high from mid-June. Just over 911 million SpaceX shares will be available for trading, representing about 7% of shares outstanding. It's more than the 639 million shares that were sold in the company's record IPO. Elon Musk's reusable rocket maker initially saw its stock price shoot up to $150 as it hit the Nasdaq in June before surpassing $225 days later. But it's been a rocky eight weeks since then, with the shares closing on Wednesday at a low of $108.27. The stock plunged after SpaceX said in its first earnings report late Tuesday that capital expenditures were more than twice as high as revenue. Greg Martin, co-founder of Rainmaker Securities, told CNBC in an email that the stock's "near-term path" may be more effected by the lockup lifting than any fundamentals or strategy.

Early SpaceX investors will have their first chance to cash out a portion of their holdings on Thursday as initial lockup restrictions expire, potentially putting pressure on a stock that's already more than 50% off its high from mid-June. Just over 911 million SpaceX shares will be available for trading, representing about 7% of shares outstanding. It's more than the 639 million shares that were sold in the company's record IPO. Elon Musk's reusable rocket maker initially saw its stock price shoot up to $150 as it hit the Nasdaq in June before surpassing $225 days later. But it's been a rocky eight weeks since then, with the shares closing on Wednesday at a low of $108.27. The stock plunged after SpaceX said in its first earnings report late Tuesday that capital expenditures were more than twice as high as revenue. Greg Martin, co-founder of Rainmaker Securities, told CNBC in an email that the stock's "near-term path" may be more effected by the lockup lifting than any fundamentals or strategy.

Watch in the app All of FrontRow's statuses

More from FrontRow