SpaceX shares fall 4.11% as staggered lockup makes 328.4 million shares sellable

  • SpaceX made up to 328.4 million locked-up shares eligible for potential sale.
  • Shotwell filed Form 144 proposing to sell 342,170 Class A shares.
  • Starship Flight 14 is scheduled to carry 26 Starlink V3 satellites on Sept. 28.

SpaceX shares fell 4.11% to $148.36 on Sept. 23 as a staggered post-IPO lockup made up to 328.4 million shares eligible for potential sale. About 7% of eligible locked-up shares became sellable on Sept. 24, with additional tranches scheduled for Oct. 9, Oct. 24, after third-quarter results and Dec. 8. Regulatory filings also showed President and COO Gwynne Shotwell proposed selling 342,170 Class A common shares valued at about $51.96 million under a Rule 10b5-1 trading plan. The stock was little changed at $148.29 in Thursday’s premarket trading. SpaceX’s Starship Flight 14 is scheduled for Sept. 28 and is planned to carry 26 Starlink V3 satellites in its first commercial payload mission. Analysts maintain a Moderate Buy consensus on SPCX, with an average price target of $232.07.

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