SpaceX ushered in the first wave of shares being lifted on Thursday. The number of shares available for trading more than doubled, but the stock price eventually closed up 6.1%, and trading volume surged, and the performance exceeded market expectations. SpaceX's initial public offering was the largest in US history, yet less than 5% of its shares were publicly traded. However, the ban on additional stock sales by insiders, employees, and early investors is expected to expire in the coming months. Thursday was the first wave of lifting the ban, involving 9115 million shares, which allowed more shares to enter the market in addition to the approximately 639 million shares sold during the IPO. By the end of the overall lockdown period on December 8, the circulation ratio of SpaceX's potentially tradable shares increased to 40% of the total share capital. The remaining 60% of the shares will remain locked in until mid-2027. SpaceX's stock price has continued to fall since it went public. It plummeted by about 14% on Wednesday as earnings reports heightened market concerns about operating losses and AI spending plans.

SpaceX ushered in the first wave of shares being lifted on Thursday. The number of shares available for trading more than doubled, but the stock price eventually closed up 6.1%, and trading volume surged, and the performance exceeded market expectations. SpaceX's initial public offering was the largest in US history, yet less than 5% of its shares were publicly traded. However, the ban on additional stock sales by insiders, employees, and early investors is expected to expire in the coming months. Thursday was the first wave of lifting the ban, involving 9115 million shares, which allowed more shares to enter the market in addition to the approximately 639 million shares sold during the IPO. By the end of the overall lockdown period on December 8, the circulation ratio of SpaceX's potentially tradable shares increased to 40% of the total share capital. The remaining 60% of the shares will remain locked in until mid-2027. SpaceX's stock price has continued to fall since it went public. It plummeted by about 14% on Wednesday as earnings reports heightened market concerns about operating losses and AI spending plans.