Spacex Ends Week-long Stock Decline, Announces Earnings Date
WHO:
CNBC - Elon Musk is the CEO of SpaceX.
CNBC - Gwynne Shotwell is the COO and President of SpaceX.
WHAT:
Bloomberg Markets - SpaceX has set the stage for one of the largest share unlocks in capital markets history, with as much as $116 billion worth of stock becoming eligible for sale for the first time next month.
CNBC - SpaceX's stock has become a prime target for short sellers, with bearish positioning last reaching about a third of the company's public float.
CNBC - Musk stated, "The survival probability of firms who maintain a significant short position in SpaceX over time is very low."
CNBC - SpaceX's stock gained 3% after a seven-day losing streak.
CNBC - SpaceX announced its first earnings report date as Aug. 4.
CNBC - The earnings report triggers a share lock-up expiration, allowing insiders to sell portions of their stock.
CNBC - Up to 911.5 million shares can be sold on Aug. 6, the second full trading day after the earnings release.
CNBC - An additional 10% of shares could be freed up if the stock closes at least 30% above the IPO price for five of the ten trading days leading to the report.
CNBC - SpaceX shares had dropped nearly 50% from an intraday high of $225.64 on June 16.
CNBC - Musk's net worth was approximately $786 billion as of the last report.
CNBC - SpaceX plans to launch a Falcon 9 rocket carrying 24 Starlink satellites.
CNBC - SpaceX is modifying the Starship rocket's propulsion system after an engine ignition failure.
CNBC - SpaceX raised $85.7 billion in its IPO, pricing shares at $135.
WHERE:
CNBC - SpaceX's IPO was celebrated at the Nasdaq.
CNBC - The company operates data centers and a power plant in Greater Memphis.
WHEN:
CNBC - The first earnings report is scheduled for Aug. 4.
CNBC - The first eligible stock sales can occur on Aug. 6.
WHY:
CNBC - The earnings report coincides with a major share lock-up expiration to prevent massive selling and price volatility.
HOW:
CNBC - SpaceX is allowing insiders to sell portions of their stock at earlier intervals to prevent massive selling and price volatility.
CNBC - SpaceX is allowing insiders to sell portions of their stock at staggered intervals.
(UPDATED July 22, 2026 02:51 UTC)
SpaceX is preparing for one of the largest share unlocks in capital markets history, with up to $116 billion worth of stock becoming eligible for sale next month. The company's stock has attracted significant attention from short sellers, with bearish positions reaching about a third of its public float, prompting Musk to remark that the survival probability for firms holding substantial short positions in SpaceX is very low. To mitigate potential price volatility, SpaceX is allowing insiders to sell portions of their stock at earlier intervals.
--
(UPDATED July 22, 2026 01:27 UTC)
SpaceX's stock has gained 3% after a seven-day losing streak, and the company has announced its first earnings report date as August 4, which will trigger a share lock-up expiration allowing insiders to sell portions of their stock. Up to 911.5 million shares can be sold on August 6, and an additional 10% of shares could be freed up if the stock performs well in the days leading up to the report. Meanwhile, SpaceX is modifying the Starship rocket's propulsion system after an engine ignition failure and plans to launch a Falcon 9 rocket carrying 24 Starlink satellites.