SpaceX Stock Slips to $148 One Month Post-IPO Amid Lockup Pressure

SpaceX shares trade near $148 after four weeks, remaining below the $150 opening price and down 13% in July. The stock fell 6% to $151 on July 7 despite more than a dozen Buy ratings and $4.3 billion in expected Nasdaq-100 passive inflows, as investors focused on the first 20% insider lockup tranche expiring after Q2 results. Broader risk-off sentiment also hit Rocket Lab (-10%) and AST SpaceMobile (-6%). Record 2Q26 IPO proceeds of $105 billion were led by SpaceX’s $75 billion raise, but staggered unlocks through December continue to weigh on near-term sentiment while Elon Musk’s shares stay locked until 2027.