SPCX Stock Struggles Ahead of August Earnings and Share Unlocks

SpaceX (SPCX) closed at $135.27, its first close below the $135 IPO price since its June 12 Nasdaq debut, with roughly 95% of shares still locked and only about 5% in free float. Analysts expect SpaceX's first quarterly earnings in the first week of August, which also triggers the first scheduled share unlock releasing roughly 20% of previously restricted shares, plus a bonus 10% tranche if shares trade 30% above IPO.

Why it matters: The stock's failed Nasdaq-100 inclusion and declining price have erased post-IPO retail gains, though some technical analysts see a rebound toward $158; the key uncertainty is whether insiders will sell into the newly available float.