Bloomberg reported that SpaceX shares were relatively stable on Thursday after a lock-up agreement restricting insider sales expired. The expiration could involve as many as 911.5 million shares, worth about $100 billion at current valuations. Trading data showed the stock moved within a range of less than 3% in early trading, while volume in the first 30 minutes reached nearly 93 million shares, or about 40% of the previous day’s full-session volume. The event came shortly after SpaceX released its first earnings report. The stock had previously fallen about 14% after investors grew concerned that the company’s spending on artificial intelligence was higher than expected. Most Wall Street analysts still remain constructive on the company’s long-term outlook. Attention is centered on SpaceX’s planned investment in AI, satellite internet, and mobile communications. Despite near-term capital spending pressure, analysts cited the company’s lead in rocket launches, the Starlink satellite network, and commercial space as key support for its valuation. The roughly $100 billion share unlock has also become an important test of investor confidence after the company’s listing.
SpaceX shares move less than 3% after lock-up expiration
Bloomberg reported that SpaceX shares were relatively steady on Thursday after a lock-up agreement that restricted insider selling expired. The expiration could involve as many as 911.5 million shares, with a current valuation of about $100 billion.
Trading data showed the stock fluctuated in a range of less than 3% in early session trading. In the first 30 minutes after the open, volume reached nearly 93 million shares, or about 40% of the previous trading day’s full-session volume.
The unlock came not long after SpaceX released its first earnings report. Before that, the stock had fallen about 14% as investors worried that spending on artificial intelligence was higher than expected.
Most Wall Street analysts still hold a positive long-term view of the company. Investors are watching SpaceX’s planned spending in AI, satellite internet, and mobile communications.
Although capital expenditure pressure remains in the near term, analysts said the company’s position in rocket launches, the Starlink satellite network, and commercial space continues to underpin its long-term valuation.
The roughly $100 billion share unlock has also become an important test of investor confidence after SpaceX went public. The lack of a sharp move suggests the market had already priced in some of the insider liquidity release.
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