Mark Your Calendar: SpaceX Could Be a Very Different Stock by Halloween

SpaceX's IPO was historic, with a valuation of 1.77 trillion and about 75 billion in capital. The proceeds ended around 86 billion, reflecting strong investor appetite. The demand exceeded supply: orders doubled the shares offered. Yet, the public float was low, with less than 5% available for trading. The unlock calendar is staged: some shares free after 70 days and others after 90. The biggest unlock arrives in June 2027 when Musk could sell his 42% stake. By late 2026, the public float may double, with about a third unlocked by October. Analysts warn the market reaction could change as the float grows. SpaceX enters Nasdaq’s fast-entry regime, potentially forcing funds to buy while liquidity remains tight. Ultimately, the stock's trajectory depends on SpaceX's core business performance, not just unlock mechanics. Investors will watch catalysts as the unlocks progress. The unlocking introduces upside and risk for early holders.