Space Exploration Technologies Corp. Class A Common StockSPCX
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Impact on stocks 1
Space Economy
Space Exploration Technologies Corp. Class A Common StockSpace Exploration Technologies Corp. Class A Common StockSpace Exploration Technologies shares briefly fell below their $150 debut price on June 23, hitting an all-time low of $147.55 before recovering slightly but staying under $157. The stock had surged to a high of $211.39 on June 16, pushing its market cap to $2.6 trillion, but quickly reversed course. Analysts point to upcoming dilution from a $60 billion all-stock Anysphere acquisition requiring 400 million new shares, a $11.1 billion share issuance for wireless spectrum in 2027, and up to $150 billion in potential executive bonuses and awards. Lockup expirations starting after Q2 earnings in late July, with a major 180-day unlock on December 8 for employees and pre-IPO investors, could further pressure the stock as shareholders sell.