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Barchart
Barchart
Rich Duprey

Why Didn't a $100 Billion Lockup Expiration Crash SpaceX Stock? 3 Numbers That Explain Its 10% Rally.

SpaceX

Wall Street loves a good doomsday number, and $100 billion is about as good as it gets. Lockup expirations have sunk plenty of high-profile initial public offerings (IPOs) before, flooding the market with new supply just as sentiment turns shaky. Investors spent weeks bracing for that exact outcome with SpaceX (SPCX).

Instead, SPCX stock climbed roughly 16% on Friday, Aug. 7, extending the Aug. 6 gain of 6% on heavy volume. Let's walk through why the crash everyone penciled in never showed up — and what it tells smart investors about SpaceX stock from here.

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