SpaceX's stock has fallen below the critical $175.50 threshold, which could delay the release of an additional 10% of Early Release Eligible Shares. Under the company's tiered lockup structure, 20% of these shares become available for sale two days after the June 30, 2026 earnings report, with an extra 10% unlocking only if the stock price stays at least 30% above the $135 IPO price for five of the ten trading days leading up to that release. The recent sell-off has pushed the price below that level, meaning the bulk of Early Release Eligible Shares will remain locked up until late October. Even without the extra tranche, the float could still expand significantly through staggered releases of 7% at various intervals and a further 28% after the September quarter earnings. The true test of demand is expected this summer as more shares hit the market, though potential inclusion in the Nasdaq-100 in July could drive buying from exchange-traded funds.
Space Exploration Technologies Corp. Class A Common StockStock fell below $175.50 threshold, risking delay in unlocking 10% of Early Release Eligible Shares and potentially reducing liquidity.