SpaceX shares to unlock on Thursday, potentially doubling publicly available stock as the company navigates AI spending and post-IPO volatility.
SpaceX is set to release 911.5 million shares into public trading on Thursday, a move that will more than double the company's currently available stock. This scheduled lockup expiry represents one of the largest capital market events, making approximately $116 billion of stock eligible for sale by early investors and employees. While the stock has experienced significant volatility since its record-breaking IPO, analysts suggest that the influx of new shares may provide a natural selling opportunity for those who held shares well before the current price drop. In addition to the share unlock, the company's recent earnings report revealed a massive capital expenditure on artificial intelligence infrastructure, totaling nearly $16 billion. Although the AI segment reported an adjusted profit, the high spending on computing capacity and data centers continues to be a primary focus for investors. Despite the recent price decline from its IPO target, Wall Street remains largely bullish, with many firms citing the company's long-term AI growth prospects as a key driver for future performance.