SpaceX shares wobble as 319 million unlock hits the float
SpaceX’s SPCX stock slid back to its IPO price as about 319 million shares unlocked, boosting the public float; this unlock is part of a staggered 13‑billion‑share float with roughly 88% set to unlock through 2027, after an earlier 911.5 million‑share unlock in August. A larger 1.3‑billion‑share tranche is expected around SpaceX’s Q3 earnings in November, followed by a 180‑day expiry in December; Elon Musk’s 6.42 billion shares remain locked until June 2027. Separately, Cognition takeover talks were denied by Cognition and Musk, while Deutsche Bank remained bullish on SpaceX’s Cursor acquisition completed earlier, seen as adding scale and data leverage for the firm.