SpaceX stock set for lockup test as 58% of shares become tradable within 180 days

SpaceX shares face pressure from a wave of insider selling as the company uses a staged lockup schedule rather than a standard uniform 180-day restriction. Some insiders will be able to sell after the first earnings report in August, with additional tranches unlocking over time. The tradable float is expected to reach 58% of total shares within 180 days, far above the less than 5% initially available after the IPO. The analysis argues that early gains were driven by scarcity, while a sustained increase in supply could create meaningful selling pressure.