SpaceX Stocks: Pay Attention to China's Rocket Milestones and Unlockings
2026-08-19 22:02:45
According to CoinMeta, SpaceX ( SPCX ) stocks attracted attention on Wednesday due to a Chinese company's successful first landing of a rocket booster, and at the same time, new stock unlocks added pressure to the stock price. The stock price declined during overnight trading but rebounded slightly in morning trading. On August 10th, the price of SpaceX's IPO reached $135 for the first time, exceeding the issue price for the first time since mid-July. Chinese startup Landspace successfully landed the first stage of its Zhuque-3 rocket in the Dongfeng Commercial Aerospace Innovation Pilot Zone on Tuesday, marking the first time a Chinese company has recovered an orbital-level booster on land. SpaceX's leading position in terms of reflight volume and launch cost puts it in a favorable position in competition. In addition, approximately 319 million shares held by early employees and investors will be unlocked on Thursday, which is expected to release about 88% of the total 1.3 billion shares of SpaceX. The stock performed well during a major unlock earlier this month; on August 6th, as many as 911.5 million shares became tradable, and the stock price rose by 6%. CEO Elon Musk's 6.42 billion shares will be locked up until June 2027.
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Source:Internet
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