On August 18, SpaceX declined 3.75% in regular trading, trading at $141.15/share, with turnover of approximately $2.063 billion. The decline was primarily driven by the imminent second wave of post-IPO share unlocking and broader market weakness.
SpaceX is set to face its second major post-IPO lock-up expiration on August 20 (Thursday), involving approximately 320 million shares. Research analyst Ed Elson noted that while the first unlock did not trigger severe selling, seven additional batches of shares are expected to become tradeable by year-end, potentially creating sustained selling pressure. KeyBanc analysts also cautioned that massive capital expenditure and large-scale financing will remain unavoidable realities for the SpaceX investment thesis in coming months.
Adding to the downward pressure, the Nasdaq opened 1.12% lower on the day, with broad market weakness amplifying selling sentiment. Within the Alternative Carriers sector, stocks declined broadly: AST SpaceMobile fell 6.06%, Lumen Technologies dropped 4.62%, Iridium slid 1.44%, Bandwidth lost 1.48%, and Globalstar dipped 0.48%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)