Moore Threads2026-09-08 02:55:06Moore Threads Stock Falls Over 10% to New Low, Market Cap Below 180B YuanChinese GPU maker Moore Threads saw its stock drop more than 10% on September 8, hitting a fresh record low of 371.17 yuan, as a large lockup expiry of 25.77 million shares weighed on the market. The company said fundamentals remain normal.830
Moore Threads2026-09-07 02:49:53Moore Threads Hits 20% Intraday Limit Down as IPO Lockup Shares Become TradableChinese GPU maker Moore Threads (688795.SH) fell to the 20% intraday limit on Sept. 7, pushing its market capitalization below 200 billion yuan. The move came on the same day that 25.7745 million shares from its IPO offline placement lockup became eligible for trading, according to a company announcement. Yicai contacted the company’s securities affairs representative by phone while posing as an investor. A staff member said the session coincided with a large unlock day for offline placement restricted shares and asked investors to view the situation rationally. The staff member also said the company’s fundamentals remain normal. The report was cited by ChainCatcher in a 7x24 news update.920
SpaceX IPO2026-09-01 15:32:05SpaceX Reclaims $135 IPO Price as Wall Street Accelerates Institutional PushSpaceX shares climbed back above the $135 IPO price on September 1, according to BlockBeats, as fears of a post-lockup selloff failed to materialize. The concern had been that employees and early investors would dump stock once lockup restrictions expired, but the price moved higher instead. The initial rally was partly driven by a scarcity narrative, and that narrative is now shifting toward a question of sustained demand as more shares become tradable. The first major unlock released roughly 912 million shares, and roughly 3 billion additional shares could become eligible for trading by the end of the year. Wall Street, meanwhile, is moving to fold SpaceX into its institutional framework. Multiple banks issued price targets after the quiet period ended, with a median around $225 and a range of roughly $190 to $800. Goldman Sachs sits around $205, JPMorgan around $225 and Morgan Stanley around $300. Analyst coverage, valuation models, liquidity and potential index inclusion are all taking shape, turning SpaceX from a scarce asset into a regular security that institutions must weigh against Nvidia, Microsoft, Amazon and Google. The current valuation already bakes in expectations for rapid growth in Starlink, Starship, AI infrastructure and orbital computing. As supply increases, the scarcity premium is expected to fade, leaving fundamental delivery and institutional absorption of new shares as the key test for further upside.840
Unitree Techn2026-08-31 08:04:39Unitree’s Wild IPO Trading Gives Way to Valuation Debate as 228.7 Million Shares Near Lockup ExpiryUnitree Technology has gone from one of the market’s hottest new listings to one of its most debated valuation stories. On its August 19 debut, the company’s stock surged more than sixfold at one point, pushing total market capitalization above RMB 440 billion. It then fell sharply in subsequent sessions, nearly halving from those levels and wiping out more than RMB 200 billion in market value. Trading data shows that first-day turnover reached RMB 23.2 billion, with 25.66 million shares changing hands and tradable float turnover hitting 85.28%, the highest first-day turnover rate for a STAR Market IPO in 2026. A key driver was the structure of the float: only 30.0877 million shares were tradable initially, and offline institutional investors held 20.3807 million of them. Roughly 90% of offline allotted shares were eligible to trade on day one, allowing low-cost IPO allocations to be cashed out quickly. Sell-side flow was dominated by large and mid-sized investors, while margin financing recorded net buying of RMB 1.56 billion. Looking ahead, Unitree faces another overhang: about 228.7 million shares, or 56.56% of total share capital, are set to be unlocked one year after listing, with reductions potentially starting on August 19, 2027. The stock’s valuation remains a major point of contention, with market views split over whether Unitree should be priced like a traditional hardware manufacturer or an AI and embodied intelligence platform company.990
Whale Movemen2026-08-07 05:04:40SpaceX Lockup Day One: SPCX Whales Add $12.58M in Longs, No Mass SelloffThe first tranche of SpaceX restricted shares entered its lockup expiry window on Thursday U.S. time, granting employees and some early investors the right to sell over 911 million shares. The feared selloff did not materialize: SpaceX shares rose 6.1% on the day. On Hyperliquid, the SPCX contract traded at $114.01, up roughly 3.6% in 24 hours with about $443 million in volume. Open interest stood near $203 million, down 4.9% from about $213 million before the Aug. 4 earnings release but still 12.6% above the $180 million level seen before whales built positions on the evening of Aug. 2. Whale activity tells a similar story. Using a threshold of single-address position changes exceeding $1 million, seven addresses added or expanded SPCX longs over the past 24 hours, totaling roughly $12.585 million, with net additions of about $5.887 million. Five of the seven addresses had no prior SPCX longs. The long/short address ratio among positions above $1 million stands at 2:1, while the notional ratio is 0.89:1, indicating short positions are larger on average. The hourly funding rate is near -0.00059%, close to neutral.1960
SpaceX2026-08-05 12:12:08SpaceX falls 11% premarket as lockup expiry and spending worries overshadow no-BTC-sale disclosureSpaceX shares fell 11% in premarket trading after the company’s first earnings report drew attention to issues beyond its bitcoin holdings. While the company said it did not sell any BTC during the second quarter, that disclosure did little to steady the stock before the open. Investors instead focused on capital expenditure, pressure on free cash flow and an approaching insider lockup expiry. CoinDesk reported the move on Aug. 5, with the article written by Shaurya Malwa and Helene Braun and edited by Stephen Alpher. The decline shows that, in this case, the market reaction was driven less by crypto-related balance sheet activity and more by concerns tied to spending and share overhang.1910
SpaceX2026-08-04 08:41:34SpaceX heads into first post-IPO earnings report with Starlink, AI and lockup expiry in focusSpaceX is set to report its first earnings since going public after the U.S. stock market closes on Tuesday, with investors watching three businesses in particular: Starlink, Starship and AI. Since its June 12 listing, the stock has stayed under pressure. It closed at $114.53 on Monday, about 15% below its $135 offer price and nearly 50% below its record high of $225.64, wiping out more than $500 billion in market value. Visible Alpha expects second-quarter revenue of about $6.9 billion, led mainly by Starlink. On the AI side, SpaceX previously acquired xAI and has signed computing supply deals with Google and Anthropic. Its AI segment generated $818 million in first-quarter revenue. The company also recently completed Starship’s 13th test flight, though the booster recovery ended in a hard landing. Attention is also turning to Thursday’s lockup expiration, when about 911 million shares, valued at roughly $100 billion, will become tradable. S3 Partners said short sellers in SpaceX are sitting on paper gains of about $8.3 billion. New Street and Yorkville Advisors said the pullback may offer an entry point for long-term investors, while the next move may hinge on the strategic signals Elon Musk gives on the earnings call.1810
SpaceX2026-07-28 00:12:00SpaceX sheds more than $1.2 trillion in value from June peak as earnings and lockup expiry loomSpaceX has lost more than $1.2 trillion in market value since its June peak of $225.64, according to CNBC, a drop roughly equal to the market value of Tesla, another company led by Elon Musk. On Monday, the stock fell for the 13th time in 16 trading sessions and closed at $113.50, down more than 1%. In the options market, retail traders are still buying large volumes of call options that are viewed as highly unlikely to finish in the money, betting on a sharp rebound in the shares. The company is set to release its first earnings report next week. Starting Aug. 6, about 911.5 million insider shares, or roughly 20% of the total share count, will begin coming off lockup. Traders said the expiry may not be as damaging as some investors fear, but they also do not expect it to provide support for the stock.1430
