SpaceX (SPCX) Confronts Significant 328M-Share Lockup Expiry Today
SpaceX (NASDAQ: SPCX) is under scrutiny today as it confronts one of the most anticipated stock events since its historic IPO in June 2026 — the expiry of a substantial 328.4-million-share lockup set for September 24, 2026. This development is shaking investor confidence and adding fresh pressure on the stock, which has already experienced a turbulent post-IPO journey.
The company made its Nasdaq debut on June 12, 2026, with a price of $135 per share, raising an approximate $75 billion — marking the largest IPO in financial history. The stock soared to a first-day close of $161, momentarily boosting its market cap to over $2.1 trillion. Nevertheless, shares have since retracted significantly, trading around $148–$152 in anticipation of today’s unlock, still about 33% below the stock’s all-time intraday high of $225.64 achieved in June.
Analysts continue to be largely optimistic about the company’s long-term prospects, with an average 12-month price target of $222 and some estimates reaching as high as $450. Noteworthy near-term catalysts include Starship Flight 14, planned for September 28, and the company’s next earnings report due on November 5, 2026. SpaceX also has ambitious revenue targets — CFO Bret Johnsen has stated a goal of a $100 billion annualized revenue run rate by December 2026. Founder Elon Musk holds approximately 82% of voting power in the company.
Source: Investing.com – SpaceX Stock: IPO Date, Share Price & News