TradingKey – SpaceX is facing an upcoming wave of lock-up expirations; does this mean the SPCX stock price is bound to plunge below the $100 mark?

On August 3, Eastern Time, Elon Musk’s space exploration technology company, SpaceX ( SPCX) rebounded slightly in pre-market trading, rising 0.04% to temporarily trade at $108.41, just a step away from the $100 round-number threshold, leaving only about a 7% buffer, with the upcoming lock-up expiration wave weighing on its stock price recovery.

This Thursday (August 6), SpaceX will face its first massive lock-up expiration, which is expected to release over 900 million shares, worth approximately $100 billion, originating from early shareholders, employees, and pre-IPO insiders. Notably, the…