SpaceX insiders sell stock as lockup period expires, unleashing 912 million shares onto the market

SpaceX insiders can finally cash in. The first post-IPO lockup period expired on August 6, 2026, unlocking approximately 912 million shares for employees and early investors to sell on the open market. That’s more than double the company’s existing public float, and it’s just the first wave. A staggered lockup structure means an additional 12.9 billion shares could hit the market by mid-2027. For a stock already trading 49% below its June peak, that’s a lot of potential selling pressure walking through the door. The numbers behind the noise SpaceX went public in June 2026 at $135 per share. By the time the lockup expiration arrived, shares were trading between $111 and $112, representing a steep decline from the IPO high. The company’s Q2 2026 earnings painted a complicated picture. Revenue came in at $7.8 billion, a 92% year-over-year increase. Adjusted EBITDA hit roughly $3.5 billion, suggesting the core business is generating serious cash. But SpaceX still posted a net loss of $541 million. Part of that red ink came from a $195 million impairment charge on its Bitcoin holdings. The Bitcoin treasury angle SpaceX holds 18,712 BTC on its balance sheet, valued at approximately $1.1 ...