SPACEX SHARES SLIP AS LOCKUP EXPIRY ADDS TO POST-IPO WOES - REUTERS

SpaceX shares fell on Thursday as the company’s lock‑up period expired, allowing more than 900 million shares to be traded for the first time since its IPO. The stock’s decline was steep, dropping to roughly half of its earlier post‑IPO highs, according to Reuters and other market reports.

The unlock of over 900 million shares—about one‑third of SpaceX’s total shares—sent a wave of selling pressure that pushed the price down sharply. While retail investors continue to buy, analysts note fresh doubts over Elon Musk’s ambitious plans, and the decline was amplified by concerns about a new ballooning AI bill that could increase regulatory scrutiny for the company, as reported by The Economist and the Wall Street Journal.

SpaceX’s IPO was one of the most highly anticipated in the tech sector, and the lock‑up expiration has historically been a catalyst for volatility. The event underscores the risks of early-stage private company listings and the potential impact of broader regulatory developments on high‑growth firms.

• Lock‑up period ended, unlocking >900 million shares on Thursday
• Shares fell sharply, trading at about half their post‑IPO peak
• Investors are questioning Musk’s long‑term ambitions amid regulatory concerns

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