SpaceX unlocks more than 900M shares, boosting float and market implications

More than 911.5 million SpaceX Class A shares will unlock Thursday, doubling the publicly tradable float since the IPO and potentially weighing on the stock after earnings showed larger AI-related capex; the stock closed around $108.27 amid a recent decline. The larger float could raise SpaceX’s weighting in the Nasdaq-100 to above 3.5% after the September rebalance, depending on performance. Musk’s Class B shares remain locked for a year, delaying potential sales.