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Shares Rise 6% on $100 Billion Unlock Day; Has SPCX Slump Ended?

Shares Rise 6% on $100 Billion Unlock Day; Has SPCX Slump Ended?

TradingKey – As of August 6, Eastern Time, SpaceX (SPCX) shares rose 6.14% to close at $114.92. Notably, approximately 911.5 million shares of SpaceX stock were unlocked and became eligible for trading that day, involving a scale exceeding $100 billion. Previously, there were widespread market concerns that a large number of employees and early investors might choose to cash out, increasing share supply and weighing on the stock price. However, the actual performance showed a rebound.

Prior to this, SPCX had continuously pulled back from its post-listing high of $225.64, dropping to a low of around $107, representing a decline of more than 50% from its historical high. With the lock-up expiration pressure behind it and the release of the…

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