SpaceX (SPCX) went public on June 12 at a $1.77 trillion valuation, and today, Oct. 22, insiders become eligible to sell roughly 911.5 million shares, which could bring up to $133 billion in selling pressure. Instead of the usual 180-day lockup, SpaceX set a staggered, accelerated unlock schedule tied to earnings reports and calendar days, while Elon Musk cannot sell for 366 days. The IPO sold only about 555.6 million shares, under 5% of outstanding shares, so the float is rising quickly with each unlock, and another 319 million shares become eligible on Monday, Oct. 26. The article argues this amounts to a major wealth transfer from retail investors to insiders that could weigh on the stock.
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SpaceXIPOElon Muskshare lockup
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SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 773.13 |
| Change that session | +0.53% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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