Huo Xing Cai Jing reports, according to Bloomberg, SpaceX shares remained relatively stable on Thursday after the lock-up period restricting insiders from selling shares expired, unlocking up to approximately 911.5 million shares, valued at around $100 billion based on current valuations. Trading data showed SpaceX’s stock fluctuated within a range of less than 3% during early trading as the market absorbed the potential selling pressure from this large-scale share release. In the first 30 minutes after opening, trading volume approached 93 million shares, accounting for about 40% of the total volume from the previous trading day. This unlock occurred shortly after SpaceX’s first earnings report. Previously, shares had dropped by about 14% as investors expressed concerns over the company’s higher-than-expected investments in its AI business. However, most Wall Street analysts continue to maintain a long-term optimistic outlook on the company. Market focus centers on SpaceX’s future investment plans in AI, satellite internet, and mobile communications. Although the company faces near-term capital expenditure pressures, analysts believe its leadership in rocket launches, the Starlink satellite network, and commercial spaceflight remains a key pillar supporting its long-term valuation. The approximately $10 billion share unlock has become a significant test of investor confidence following SpaceX’s private market valuation. The absence of major price volatility suggests the market had already anticipated the liquidity release from insider shareholders.
SpaceX's $10 billion stock unlock shows minimal price impact
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Summary
SpaceX’s $100 billion stock unlock had minimal price impact on Thursday, with shares fluctuating within a 3% range. The unlock followed its first earnings report, which saw a 14% decline due to rising AI costs. On-chain data shows stable early trading as the market absorbed the unlocked shares. Analysts remain bullish on long-term growth, citing rocket launches, Starlink, and commercial space. Traders monitoring altcoins may observe ripple effects on broader market sentiment.
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