SpaceX shares surged on Thursday as more than 900 million shares—worth roughly $116 billion—became available for sale after the expiration of a 12‑month lock‑up period. The announcement came amid growing speculation that the influx of shares could increase trading volatility and force early investors to decide whether to hold or cash out.
According to a report cited by Google News, the lock‑up expiration gives insiders the first opportunity to sell their holdings, a move that could add selling pressure to the stock’s upward momentum. The Associated Press noted that shares rose even as the company’s insiders gained the chance to trade, indicating that the market remains bullish. Business Insider highlighted that the $116 billion share unlock could "trigger more selling," while a CNN article quoted early investors as "torn" about whether to hold on or sell.
SpaceX’s transition from a privately held company to a publicly traded entity has attracted intense investor scrutiny. The unlocking of shares is a routine post‑IPO event, but the sheer size of the release—over 900 million shares—makes it noteworthy for market participants.