AIBRIEF
Aug 6's lockup expiration roughly doubled SPCX's tradable float, and the stock still rallied 15%, even as it sits about 17% below its June IPO price.
SpaceX's first post-IPO lockup tranche expired on Aug 6, 2026, releasing roughly 20% of the 180-day block and roughly doubling the tradable float. SPCX rallied anyway, closing up about 15% near $133 on Aug 7. That is the opposite of the discount forced sellers usually demand.
The move followed SpaceX's Q2 2026 results filed with the SEC on Aug 4. Revenue hit $7.8 billion, up 92% year over year. Net loss narrowed to $541 million, an improvement of $467 million from the prior-year period, not the profit some re-reports described. Starlink delivered 66% revenue growth and 79% operating income growth, with subscribers roughly doubling.
The rally is a question, not a verdict. SPCX remains roughly 17% below its June IPO price, and the next lockup tranches release in roughly 7% blocks every two to four weeks through October. The main 180-day lockup expires Dec 8. If Aug 6 absorption holds, the lockup calendar is a non-event. If it does not, supply becomes the story.