Space Exploration Technologies Corp. Class A Common Stock (SPCX)

Certain Class B Common Stock of Space Exploration Technologies Corp. (SpaceX) are currently under a lock-up agreement that will end on September 10, 2026. This lock-up period, initiated on June 11, 2026, spans 91 days. Various shareholder agreements stipulate different release schedules for shares, with some extending until after the release of Q2 2027 financial results and others having earlier phased releases based on specific dates and financial reporting.

SpaceX announced it is accelerating its plans to launch Nvidia-powered AI satellite systems to Q4 2027, moving up from its original 2028 target. These orbital data centers will utilize Nvidia Vera Rubin systems for AI workloads, with Elon Musk stating significant scale is expected in 2028. The deployment relies on the Starship rocket, which is still undergoing testing.

Certain Class A Common Stock of Space Exploration Technologies Corp. are under a lock-up agreement set to end on August 20, 2026. This lock-up period, initiated on June 11, 2026, spans 70 days and affects approximately 911.5 million Class A Common Stock, which will be released on August 6, 2026, following the first earnings release on August 4, 2026. The founder's shares are subject to a longer 366-day lock-up, while other shareholders have varying release schedules tied to quarterly financial results and specific dates, with some shares having automatic early release provisions.

SpaceX shares (NASDAQ:SPCX) dropped 2.57% on Wednesday, closing at $139.65, as the market reacted to the unlock of an additional 319 million shares. This tranche represents 4.4 times Wednesday's trading volume and nearly half of the 638.9 million shares offered in June. Despite the drop, the stock remains 3.4% higher than its IPO price of $135, though it is 38.1% below its peak, with analysts divided on its valuation.

Brad Gerstner of Altimeter Capital made significant tech investments in Q2, including SpaceX, Cerebras Systems, and Micron. He views recent volatility in the semiconductor sector as a buying opportunity, not a warning sign, especially with the ongoing AI revolution. Gerstner's strategy includes bold bets on companies like Cerebras, an OpenAI partner, and Micron, expecting strong returns despite current market choppiness.