SpaceX's first major lockup expired on August 6, freeing 911.5 million insider shares for sale, yet the stock did not crash as many investors had feared. Trading volume surged to over 255 million shares that day, the highest since mid-June, suggesting strong buying interest that may have absorbed any insider selling. Analysts note that insiders may be holding off on selling due to the stock's recent decline and its potential for rapid recovery, while some investors may have viewed the lockup expiration as a buying opportunity. Despite the stability, SpaceX remains a highly volatile and unprofitable company, with its valuation driven by speculation rather than financials.
