SpaceX Stock Shrugs Off First 2 Share Unlocks — Will Round 3 Break the Streak?

Space Exploration Technologies Corp (NASDAQ: SPCX) has weathered two rounds of insider share unlocks since its record-breaking June initial public offering, and the stock is holding well above where it traded during either event.

Shares closed at $153.47 on Tuesday, sitting comfortably above the $135 IPO price and about 32% below the intraday peak of $225.64 hit days after the June 12 debut, per Benzinga Pro data.

SpaceX’s first share unlock test came Aug. 6, when 911.5 million shares held by employees and early investors became eligible for trading, more than doubling the company’s public float.

The stock had closed the prior session at $108.27, a fresh post-IPO low tied to an earnings report showing capex at more than double revenue.