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SpaceX shares drop 4% amid upcoming share unlock and valuation concerns

Market News
23 Sep 2026
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Bearish
SpaceX shares drop 4% amid upcoming share unlock and valuation concerns

SpaceX stock fell 4% to $148.13 due to concerns over a large share unlock on September 24 and a $52 million stock sale by COO Gwynne Shotwell. Investors are also cautious about the company's high valuation following its June IPO, despite growth prospects from Starlink and AI infrastructure. The broader space sector, including AST SpaceMobile and Rocket Lab, also saw declines, reflecting wider selling pressure. Key upcoming events like the Starship test flight on September 28 could influence SpaceX's stock direction.

SpaceX trades at USD 148.38 on Pluang, down 4.10% as of Sep 24, 2026 03:02 WIB, with a market cap of $2.04T. AST SpaceMobile also fell 5.86% to USD 59.96, while Rocket Lab declined 2.14% to USD 70.44. Pluang order activity shows strong selling pressure in these space sector stocks, with 58% sell orders for SpaceX and 89% for AST SpaceMobile.

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