SpaceX (SPCX) Stock Jumps 6% as $116 Billion Lock-up Expiry Fails to Spark a Sell-Off

TLDR

• SPCX jumped more than 6% on Thursday despite 911.5 million insider shares, worth roughly $116 billion, becoming eligible for trading.
• SpaceX uses a staggered lock-up plan rather than a single expiration date, which helped prevent a mass sell-off.
• Elon Musk’s 42% stake, around 6.4 billion shares, remains locked until mid-2027.
• The float expansion is set to boost SPCX’s Nasdaq-100 weighting from around 1% to over 3.5%, drawing index fund buying.
• Wall Street holds a Moderate Buy consensus with an average price target of $232.11, implying over 100% upside from current levels.

SpaceX (SPCX) stock climbed more than 6% on Thursday, trading back toward $115, even as one of the largest post-IPO lock-up expirations in recent market history hit the market.

Space Exploration Technologies Corp., SPCX

Over 911.5 million insider shares, worth roughly $116 billion, became eligible for trading. Most expected a sharp drop. It did not happen.

The stock had sold off on Wednesday following its earnings report. Thursday’s bounce came as a surprise to many traders who had been bracing for immediate selling pressure.

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