SpaceX stock shares faced downward pressure this week as 319 million new shares entered the public float. This release marks the 70th tranche of a staggered lockup schedule that will eventually open 88 percent of the company's 13 billion total shares by 2027. Following the news, the share price dipped nearly 5 percent, sliding below its 135 dollar IPO price.
Investors are keeping a close watch on these developments as further supply tests remain ahead. A significant 1.3 billion share tranche is slated for release around the third quarter earnings window in November, with additional lockup expirations set for December. These events occur as the company works to integrate its recent acquisition of Cursor, an AI coding firm. Deutsche Bank analysts noted potential benefits from the deal, citing the access to a proprietary data flywheel and a large user base.
While the market reacted to the current share release, past performance shows the stock has previously withstood similar sell-side pressure. On August 6, over 900 million shares became available for trade, yet the stock posted a 6 percent gain. Market observers continue to monitor how the company balances its ongoing AI expansion with the phased entry of employee and early investor shares into the market.