SpaceX Shares Fall After Second Lockup Release
SpaceX’s share price declined by approximately 5% on Thursday following the expiration of its second post‑IPO lockup period, which released an additional tranche of shares representing roughly 7% of the company’s total outstanding stock. This influx of shares marked the second group to become freely tradable after the IPO restrictions were lifted.
The price drop extended the company’s losing streak to three consecutive trading sessions. The decline follows a sharp correction that saw the stock fall from a post‑IPO high of over $225 per share to an all‑time low of $108.27 less than two months after the offering. Since that low, the share price has recovered to a range between $130 and $140.
Initially, SpaceX’s shares surged from the $135 offering price to a peak above $225, reflecting strong investor demand at the time of the IPO. The recent volatility is directly linked to the newly released shares and the market’s reaction to the increased supply.