SpaceX stock rallies as lockup fears ease after first unlock

SpaceX’s post-IPO SPCX jumped over 10% after the first major lockup expiration eased fears of a flood of new shares; the rally followed a prior 6% gain as the tradable float expanded, with another unlock and more shares expected through December. The stock remains below its $135 IPO price amid ongoing concerns about heavy AI spending and profitability.