SpaceX is back to defying gravity.
Space Exploration Technologies Corp (SPCX) -- or SpaceX -- is now what Wall Street calls a “broken IPO,” meaning a stock trading below its IPO price.
With Space Exploration Technologies Corp. (NASDAQ: SPCX) set to report its first earnings as a publicly traded company on August 4, over 1.37 billion shares of SpaceX stock are scheduled to unlock on August 6, 2026
Plus, investors just found out when insiders can start dumping their shares.
Elon Musk responded to the growing short interest in SpaceX, predicting investors betting against the company would ultimately lose. Short sellers boosted their wagers against the company to roughly 32% of its publicly tradable shares ahead of several key catalysts.
SpaceX's stock rose on Tuesday and tried to break a seven-day losing streak The company set Aug. 4 as its first earnings report, which triggers a major lock-up expiration
SpaceX will report second-quarter earnings on Aug. 4. That will unlock 20% of the stock held by early investors.
If you own a Nasdaq-100 index fund in your 401(k), you probably bought SpaceX this month automatically.
SpaceX is experiencing significant turbulence. Shares of SpaceX (SPCX) fell more than 3% Monday to close at a fresh low of just below $120, extending their decline to a seventh consecutive session.
While the broader space economy experiences unprecedented structural growth and expanding total addressable markets, its largest publicly traded company faces a profound identity crisis following a $1 trillion valuation contraction.
Less than a week after the Space Exploration Technologies Corp. (NASDAQ: SP C X) initial public offering (IPO), Representative William Timmons, a Republican from South Carolina, purchased SpaceX stock.
SpaceX shares continued their decline on Monday, falling about 1.25% to around $122. The stock remained well below its $135 initial public offering price.