SpaceX employees can sell some shares starting August 6, 2026

In short: On Thursday, August 6, 2026, SpaceX employees and some early investors can sell part of their stock for the first time since the IPO.

What happened

SpaceX, which trades as SPCX on Nasdaq, went public on June 12, 2026. Like many newly public companies, it used a “lockup,” which is a waiting period that stops insiders from selling right away (like a timer that prevents a rush to the exit on day one).

SpaceX’s first quarterly earnings report as a public company is scheduled for August 4, 2026. Under the IPO rules, the second full trading day after that report is August 6, and that is when the first major unlock happens.

On August 6, up to 911.5 million shares held by rank-and-file employees and certain early investors become eligible to sell. At recent prices, that stake is valued at about $116 billion to $123 billion, which is larger than the roughly $86 billion of SpaceX stock that is currently freely trading.

There is also a price-based trigger. If SPCX meets a specific stock price condition before the earnings report, another 455.8 million shares could become eligible at the same time. That would bring the total to about 1.37 billion newly eligible shares.

Not everyone can sell. Elon Musk’s roughly 6.4 billion shares are locked until around June 12, 2027, and filings and reports say he is not eligible for these early releases.

Why it matters

When a lot more shares can be sold, the stock price can swing more than usual. It depends on how many employees and early investors choose to sell, often to diversify their savings (not having everything tied to one company).

Source: NYTimes