Elon Musk faces stock sale restrictions until June 2027 as 6 billion shares loom over SpaceX market

SpaceX went public as SPCX in June 2026, and the stock market immediately started doing what it does best: worrying about what comes next. In this case, “what comes next” is roughly 6.4 billion shares controlled by Elon Musk becoming eligible for sale in mid-2027, a supply overhang large enough to reshape the entire trading landscape for the newly public rocket company. Musk’s shares are locked up under a strict 366-day restriction that keeps him from selling until June 12-13, 2027. The staggered unlock is already making waves SpaceX didn’t dump all its restricted shares onto the market at once. The company’s IPO prospectus laid out a staggered release schedule tied to quarterly earnings reports from Q2 2026 through Q2 2027. The first major unlock hit on August 6, 2026, when approximately 911.5 million shares from non-Musk holders became available for trading. That batch represented roughly 20% of certain restricted holdings, and depending on share price fluctuations at the time, carried a market value somewhere between $98 billion and $116 billion. The market’s reaction to that first unlock wasn’t exactly calm. SPCX shares have experienced declines ranging from 30% to 46% at vario...