SpaceX stock dips as unlocks loom and China hits land-based rocket milestone

SpaceX’s SPCX slid about 5% for the week after another wave of share unlocks—roughly 88% of its ~13 billion shares set to unlock through 2027, with Elon Musk’s 6.42 billion shares still locked until mid-2027. Separately, Musk offered an update on Starship with a potential end-of-year or early-next-year reflight and a tower-catch comment. In China, LandSpace’s Zhuque-3 achieved land-based booster recovery on its second flight, narrowing the gap with SpaceX’s reusable-rocketry record (SpaceX has landed boosters more than 600 times), though SpaceX’s payload capacity remains larger. The week underscored ongoing stock-market effects from unlocks and rising rocket-technology competition.