Overview
- The lockup that expired Thursday freed up to 328.4 million insider shares for potential sale, and the stock fell about 4% in recent sessions to trade roughly 14% below the $135 IPO price.
- President Gwynne Shotwell filed Form 144 to sell 342,170 shares worth about $52 million under a preset trading plan, a move markets treated as additional near-term supply.
- SpaceX’s AI/data‑center division sharply stepped up capital spending to roughly $15 billion in the latest quarter from $7 billion the prior quarter, widening losses even as the unit generated about $2 billion in revenue.
- Starship Flight 14 is targeted for Sept. 28 as the rocket’s first orbital, revenue-producing mission carrying 26 Starlink V3 satellites, and investors view its outcome as a key test of SpaceX’s commercial roadmap.
- The market is balancing a June IPO that raised about $85.7 billion and a roughly $1.77 trillion debut valuation against execution risk, staged insider supply and heavy AI capex, producing wide analyst price targets and high volatility.