SpaceX Stock Shows Resilience as Shares Rise After First Lockup Expiry

SpaceX's stock has demonstrated resilience in the market, rising for the second consecutive session as it nears its initial public offering (IPO) price of $135. The increase comes after a lockup period expired, allowing a substantial number of insider shares to enter the market.

Initially priced at $135 per share during its June 2026 IPO, SpaceX raised between $75 billion and $85.7 billion, achieving a valuation of approximately $1.77 trillion. The first day of trading saw shares surge above $225, but by mid-July, the stock had reversed its gains, dipping below the IPO price.

The recent uptick in share price occurred on August 6, when 911.5 million shares became eligible for sale, effectively doubling the publicly tradable float. Despite the typical market trend where stocks decline post-lockup expiry, SpaceX's shares climbed approximately 6% on that day.

The staggered lockup structure, which allows for additional shares to be released through December 2026, contrasts with the standard 180-day lockup seen in most IPOs. This structure could influence future trading dynamics as more shares become available.

As the market digests the newly available shares, the gap between the current stock price and the IPO level creates a psychological threshold for investors, potentially affecting their trading behavior in subsequent lockup expirations.