SpaceX’s shares have slipped about 5% from their $160. 95 IPO price to $152. 71 after three months, amid scheduled insider lockup releases and a $18.
SpaceX closed its first trading day on June 12 at $160.95 per share. Three months later, on September 19, the stock closed at $152.71, roughly 5% below the IPO price.
The article explains that most of the company’s 13 billion shares remain held by insiders under lockup agreements that release shares in tranches. About 911 million shares became tradable after the August 4 earnings report, with additional releases of 319 million shares on August 20 and earlier this month, and further releases scheduled for September 24, October 9, October 24, and later in the year.
Second‑quarter results showed revenue of $7.8 billion, up 92% year over year, while capital expenditures reached $18.4 billion—more than double the quarter’s revenue—with $15.8 billion allocated to the AI segment. The company ended June with $100 billion in cash and marketable securities and signed $14.1 billion of cloud services agreements during the quarter.
The article notes that the stock trades at about 65 times annualized sales, up from 94 times at the IPO, and that future price movement may depend on the impact of upcoming lockup releases and whether AI spending continues to generate revenue. The outlook remains uncertain pending those factors.