$SpaceX (SPCX.US)$ On Tuesday, the share price rose by more than 3%, ending a seven-day losing streak. This followed the company's announcement that it will release its first post-IPO financial results on August 4—a date that coincides with the opening of its first share lock-up expiration window, drawing significant market attention.
As the largest initial public offering (IPO) in history, SpaceX announced on Monday that it will disclose its first post-listing earnings on August 4. Under the company’s previously established special lock-up arrangement, insiders will gain eligibility to sell a portion of their shares earlier than the standard 180-day lock-up period typical of conventional IPOs.
Unlike traditional IPOs that feature a single unlock event, SpaceX has implemented a phased unlock mechanism to mitigate potential market disruption from concentrated selling. According to the plan, on the second full trading day following the release of its first earnings report—August 6—eligible shareholders may sell up to 20% of their unlocked shares, amounting to a maximum of approximately 912 million shares.
Additionally, if the company’s stock price closes at least 30% above the IPO price on five out of the ten trading days preceding the earnings release, qualifying shareholders will be permitted to unlock an additional 10% of their shares.
As of Monday’s close, SpaceX’s share price had declined nearly 50% from its intraday all-time high of $225.64 reached on June 16, and was down approximately 43% from its record closing high of $211.39 on the same day.
Amid the share price correction, Forbes’ Real-Time Billionaires List shows that Elon Musk, founder of SpaceX, saw his net worth fall from over $1 trillion on June 12 to approximately $786 billion as of Monday.
Meanwhile, SpaceX has recently become a prime target for short sellers. Data indicate that short interest currently accounts for roughly one-third of the company’s float. With limited tradable shares available during the lock-up period, short sellers have continued to increase their positions as the stock price has persistently declined.
In response, Musk posted on social media platform X on Monday: “The likelihood of institutions maintaining significant short positions against SpaceX over the long term surviving is extremely low.”
Beyond its capital market performance, investors are also closely monitoring SpaceX’s rocket launch progress. The company plans to launch a Falcon 9 rocket carrying 24 Starlink satellites into low Earth orbit on Tuesday. The mission was originally scheduled for Monday but was scrubbed just before liftoff.
This marks the second time within a week that SpaceX has canceled a launch attempt. Additionally, the company intends to make another attempt this Thursday to launch its heavy-lift Starship rocket. Last week, that mission was aborted due to an engine ignition failure.
Musk stated, "Some engines failed to ignite successfully, prompting the system to automatically abort the launch." SpaceX said it is currently adjusting the rocket's propulsion system to address engine-related issues.
The Starship program has remained a focal point for investors. As the world’s largest operational launch vehicle to date, Starship is critical not only to SpaceX’s expansion of its Starlink satellite internet business but also to NASA’s Artemis lunar mission, which aims to return astronauts to the Moon by 2028.
Musk previously referred to Starship as the 'holy grail' of space exploration and expressed hopes for its future use in space tourism and crewed missions to Mars.
Meanwhile, the market continues to closely monitor SpaceX’s expanding AI computing capacity business. In February this year, SpaceX completed its acquisition of xAI (now renamed SpaceXAI), Elon Musk’s artificial intelligence company, becoming the owner and operator of its large-scale data center and associated power generation facilities in Memphis, Tennessee.
Currently, companies including Google (GOOGL.US, GOOG.US), Anthropic, and Reflection have already leased computing resources from SpaceXAI’s data centers. Media reports indicate that the company is also in talks with the U.S. Department of Defense to provide AI computing services.
On another front, Tesla (TSLA.US), another publicly listed company under Musk’s leadership, will release its earnings report after U.S. market hours on Wednesday. According to questions submitted by investors via the Say Technologies platform, many institutional investors are interested in how SpaceX and Tesla will collaborate on building the Terafab chip factory in Grimes County, Texas, with Tesla expected to lead R&D and SpaceX handling production.
Previously, some of Musk’s supporters had called for a potential merger between SpaceX and Tesla. In response, Gwynne Shotwell, President and Chief Operating Officer of SpaceX, told media in an earlier interview that integrating the two companies in the future would indeed simplify Musk’s management responsibilities.