SpaceX (SPCX) is experiencing a significant lockup expiration today, releasing 319 million insider shares for sale, representing a potential $47.2 billion in selling pressure. While previous unlocks have seen the stock remain resilient, this large tranche could test investor demand and the stock's ability to hold above its $150 resistance level.
Today marks a 90-calendar-day early-release milestone for SpaceX, unlocking approximately 319 million insider shares, or 7% of early release-eligible shares. This represents a substantial potential selling pressure of $47.2 billion based on recent prices. While SpaceX has successfully navigated two prior, smaller unlocks without significant declines, the sheer volume of shares becoming eligible today could challenge the stock's recent upward trend and its ability to break through the $150 resistance level. Traders should monitor for increased volatility and potential downward pressure in the short term, though long-term investors may view any dip as a buying opportunity if the company's fundamentals remain strong.