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SpaceX Stock Drops Below IPO Price as Massive Insider Share Unlock Begins

SpaceX Stock Drops Below IPO Price as Massive Insider Share Unlock Begins

Key Stats for SpaceX Stock

  • Price change for SpaceX stock in Last 1 Month: -19%
  • $SPCX Stock Price as of Aug. 21: $137
  • 52-Week High: $226
  • $SPCX Stock Price Target: $216

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What Happened?

SpaceX stock (SPCX) closed the week lower, slipping below its $135 IPO price even after a Friday bounce. .The pressure came from a fresh share unlock.

On Thursday, about 319 million shares held by early employees and investors became tradable. That’s part of a staggered lockup schedule set to release roughly 88% of SpaceX’s 13 billion total shares through 2027.

More supply is on the way: a 1.3 billion-share…

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