Space Exploration Technologies Corp. Class A Common StockLockup expiration frees $101B in shares for sale, increasing supply and pressuring the stock.

SpaceX insiders gained their first opportunity to sell stock into the public market on Thursday as a lockup agreement expired, freeing up to 911.5 million shares worth roughly $101 billion for potential sale. The total shares available for trading could climb to as many as 1.55 billion from roughly 639 million, but a separate tranche of up to 455.8 million shares remains locked because the stock is trading below its $135 IPO price, closing at $108.27 on Wednesday. The expiration marks the first real chance for employees and early investors to convert holdings into cash since December 2025, though the stock has fallen more than 50% from its June 16 peak of $225.64 and short sellers now hold 35% of the available float. SpaceX structured the lockup with a staggered nine-stage release schedule, with a second release of 319 million shares scheduled for August 12 and additional tranches through year-end, while a separate extended lockup for CEO Elon Musk and select shareholders runs until June 2027.
Space Exploration Technologies Corp. Class A Common StockLockup expiration frees $101B in shares for sale, increasing supply and pressuring the stock.