SpaceX is facing the largest single-day stock unlock in US public market history on Thursday, with 911.5 million shares valued at $101 billion to $123 billion becoming tradable. This represents a 143% increase in the company’s tradable float, following its IPO on June 12, 2026 at $135 per share. The backdrop is marked by disappointing quarterly results released in early August, with the stock dropping up to 11% in pre-market trading, as well as a $540 million unrealized loss on the company’s cryptocurrency holdings. Additional share tranches are scheduled for release in the coming months, while Elon Musk’s own shares remain locked until mid-2027.
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