SpaceX shares crater below IPO price after turbulence tied to lock-up expiration risk
SpaceX stock slipped again in the wake of a successful Starship test, with shares falling below the IPO price and investors shaving exposure to riskier rocket, satellite and AI ambitions. Additional pressure is coming from an Aug. 6 lock-up expiration that could release up to 911.5 million shares, far above the current public float.