SpaceX shares under pressure as latest lockup expiry draws focus
SPCX•SpaceX shares fell 6.3% to $149.77 as some shares became tradable Thursday, the second full trading day after its third-quarter results. Fewer than 5% of shares were available to trade after the IPO, with staged lockup expirations running through mid-2027.
1. Shares become tradable
Some SpaceX shares became tradable Thursday, the second full trading day after the company reported third-quarter results. Lockup expirations allow insiders and pre-IPO investors to sell shares, often putting pressure on the stock.
2. Trading and analyst views
SpaceX shares fell 6.3% to $149.77. Staged lockup expirations are set to continue through mid-2027; fewer than 5% of shares were available for trading after the IPO. Of 43 brokerages, 33 rate the shares “buy” or higher, eight rate them “hold” and two rate them “sell” or lower. The median price target is $228.50. Shares rose 7.8% Wednesday and are up 18% from their IPO price since their June debut.
