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Nearly 4 billion SpaceX shares unlocked, but stock holds steady amid strong profits and growth.

Market News
29 Oct 2026, 18:07 WIB
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Bullish
Nearly 4 billion SpaceX shares unlocked, but stock holds steady amid strong profits and growth.

About 3.89 billion SpaceX shares became eligible to trade within three months through October 26, 2026, following IPO lockup expirations. Despite this large supply, the stock price remained relatively stable, supported by the company's profitable Q3 results with $14.6 billion revenue and $4.4 billion net income. Strong growth in AI, connectivity, and Starlink subscribers, along with a robust balance sheet, have kept Wall Street optimistic. Upcoming catalysts include a spectrum deal and expansion projects, suggesting long-term investor confidence beyond the share unlock wave.

SpaceX holds a massive market cap of $1.97 trillion as of Oct 29, 2026, 22:21 WIB, underscoring its dominant position in the industrials sector. Despite the potential influx of nearly 3.89 billion shares becoming tradable, the stock price on Pluang remains steady at USD 144.32, with a modest 1-day decline of 0.63%. Trading volume is robust at 97,570,461 shares, and investor sentiment leans positive with 61% of orders as buys, reflecting continued confidence in SpaceX's growth prospects.

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