SpaceX Faces Massive Share Unlock as Investors Scrutinize AI Monetization
SpaceX stock is trading at $147.79, down 0.11%, as investors brace for a significant share lockup expiration. The company is set to report third-quarter earnings alongside Netflix, with markets demanding proof that massive AI capital expenditures are generating tangible revenue. While SpaceX’s recent $2 trillion IPO initially calmed index fears due to limited public float, upcoming unlocks may alter its market impact. The broader market remains mixed, with the S&P 500 rising 0.28% and the Dow gaining 1.02%, while the Nasdaq slipped slightly. Notable movers include Braze, which surged 51.70%, and General Motors, which dropped 6.83%. This event follows recent SEC actions against fraudulent pre-IPO share sales, highlighting ongoing scrutiny of private company secondary markets.