{"id":3036,"date":"2026-09-15T16:42:51","date_gmt":"2026-09-15T16:42:51","guid":{"rendered":"https:\/\/retrotradingreport.com\/index.php\/2026\/09\/15\/why-spacex-stock-is-down-around-3-on-tuesday\/"},"modified":"2026-09-15T16:42:51","modified_gmt":"2026-09-15T16:42:51","slug":"why-spacex-stock-is-down-around-3-on-tuesday","status":"publish","type":"post","link":"https:\/\/retrotradingreport.com\/index.php\/2026\/09\/15\/why-spacex-stock-is-down-around-3-on-tuesday\/","title":{"rendered":"Why SpaceX stock is down around 3% on Tuesday"},"content":{"rendered":"
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SpaceX (SPCX) stock slipped nearly 3% early Tuesday, extending a roughly 2% decline on Monday.<\/p>\n

Shares were trading around $144, close to the level of their $150 debut price. <\/p>\n

The stock has nevertheless recovered significantly<\/a> over the past several weeks after falling to a record low of $104.83 on August 3.<\/p>\n

The latest pullback comes as investors look ahead to both additional lockup releases and a potentially important Starship test later this month.<\/p>\n

SpaceX faces billions in upcoming unlocks<\/h2>\n

Unlike a typical IPO, SpaceX did not establish a single 180-day lockup expiration. <\/p>\n

Its prospectus instead spread insider selling eligibility across roughly a dozen dates, limiting the amount of new supply released at any one time.<\/p>\n

The staggered structure, however, has not eliminated the pressure from potential selling.<\/p>\n

Shares fell around 3% during<\/a> the latest major release after up to 319 million Class A shares became eligible for trading, representing roughly $49 billion at recent prices. <\/p>\n

Another 59.1 million affiliate shares became unlocked the following day.<\/p>\n

Several additional unlocks are scheduled before the end of 2026.<\/p>\n

On September 24, around 320 million shares are expected to become eligible for trading. <\/p>\n

Another roughly 320 million shares are scheduled for October 9 and October 24.<\/p>\n

The largest release is expected two full trading days after SpaceX reports third-quarter results, which are expected in late October or early November. <\/p>\n

Up to 1.3 billion shares, or about 28% of the relevant share pool, could become sellable at that point.<\/p>\n

December 8 marks the 180-day expiration, when the remaining non-Musk insider float becomes eligible.<\/p>\n

By the end of 2026, roughly 4.9 billion SpaceX shares are expected to have become available for trading.<\/p>\n

That creates a persistent overhang for investors, particularly as early shareholders gain more opportunities to take profits following SpaceX\u2019s recovery from its August low.<\/p>\n

Starship Flight 14 approaches<\/h2>\n

While the lockup schedule represents a supply-side risk for SPCX, Starship remains one of the company\u2019s biggest potential long-term catalysts.<\/p>\n

SpaceX is scheduled to launch its 14th Starship test flight on September 22 from Starbase, Texas, according to the FAA\u2019s Current Operations Plan Advisory. <\/p>\n

September 23 is listed as a backup date.<\/p>\n

The launch comes after CFO Bret Johnsen said last week that Flight 14 will be the first revenue-generating flight for Starship.<\/p>\n

The spacecraft is expected to carry production-grade Version 3 Starlink satellites into orbit, which Johnsen described as a major milestone.<\/p>\n

Elon Musk said Monday that Flight 14 will be the final test before SpaceX attempts to catch the Starship spacecraft with its launch tower.<\/p>\n

\u201cWe’ve got flight 14 coming up, of Starship, and this will be the last flight before we attempt to catch the ship,\u201d Musk said at the All-In Summit in Los Angeles. \u201cSo if this flight goes well, then on flight 15 we will try to catch the ship.\u201d<\/p>\n

Musk also said SpaceX could later this year, or more likely early next year, attempt to refly both the Starship spacecraft and booster.<\/p>\n

SpaceX has already demonstrated the ability to reuse its boosters, but it has yet to successfully perform a tower catch of the Starship spacecraft or fly the ship again.<\/p>\n

Starship is central to the valuation<\/h2>\n

The upcoming tests matter because a large part of SpaceX\u2019s long-term growth potential depends on turning Starship into a reusable, high-frequency launch system.<\/p>\n

Pivotal Research Group analyst Jeffrey Wlodarczak said earlier this month<\/a> that achieving full reusability is central to whether SpaceX\u2019s roughly $2 trillion valuation can be justified.<\/p>\n

His $220 price target assumes Starship can achieve 20 to 50 flights per vehicle, low refurbishment costs and rapid turnaround times.<\/p>\n

\u201cOur $220 target is a call on reuse of 20-50 flights per vehicle, cheap refurb, fast turnaround,\u201d Wlodarczak said. \u201cIf that is solved, the rest of the model can happen. If it is not, SPCX is a different and much smaller company.\u201d<\/p>\n

The potential scale is significant. SpaceX says Starship can carry more than 100 metric tons of payload, more than four times the capacity of its Falcon 9.<\/p>\n

The post Why SpaceX stock is down around 3% on Tuesday<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

SpaceX (SPCX) stock slipped nearly 3% early Tuesday, extending a roughly 2% decline on Monday.Shares were trading around $144, close to the level of their $150 debut price. The stock has nevertheless recovered significantly over the past several weeks after falling to a record low of $104.83 on August 3.The latest pullback comes as investors…<\/p>\n","protected":false},"author":1,"featured_media":3037,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/3036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/comments?post=3036"}],"version-history":[{"count":0,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/3036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media\/3037"}],"wp:attachment":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media?parent=3036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/categories?post=3036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/tags?post=3036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}