TradingKey – SpaceX’s stock rises over 3% even as its first unlocked shares are about to enter the public float.

On August 6, Eastern Time, SpaceX ( SPCX) stock price rose instead of falling as the lock-up expiration approached, surging over 3% in pre-market trading to climb back above $110, temporarily trading at $112.03. Yesterday, affected by the released financial report, SpaceX’s stock price plummeted over 13%, nearly falling below the $100 mark.

SpaceX stock chart, Source: TradingView

At 9:30 AM Eastern Time on Thursday, August 6, SpaceX experienced its first wave of lock-up expirations, which is expected to release 911.5 million shares. This far exceeds the current public float of around 640 million shares, meaning SpaceX’s public…