SpaceX completed its IPO on the Nasdaq on June 12, 2026. On Tuesday, spurred by the official announcement of its upcoming inaugural post-listing earnings report, shares of SpaceX rose 5%, attempting to reverse a seven-session losing streak. This earnings release date coincides with a significant wave of restricted share unlocks.

The aerospace and defense company led by Elon Musk announced on Monday that it will release its first financial results since its record-breaking IPO on August 4. This date also triggers the company's unique lock-up release rules, allowing insider shareholders to sell shares earlier than the standard 180-day lock-up period common in the U.S. stock market.

SpaceX employs a staggered unlocking mechanism, permitting insiders to sell their holdings in phases to avoid the sharp price volatility that could result from a concentrated sell-off. With the release of the first earnings report, eligible shareholders can sell up to 20% of their restricted shares, with a total potential unlock of up to 911.5 million shares.

An additional 10% of shares can be unlocked if certain conditions are met: if the stock's closing price is at least 30% above the IPO price for five out of the ten trading days preceding the earnings announcement, these shares will also be released.

As of Monday's close, the SpaceX share price had nearly halved from its intraday high of $225.64 on June 16, marking a 43% decline from the record closing high of $211.39 reached that day.

According to real-time billionaire rankings, Elon Musk's net worth, which briefly surpassed $1 trillion on June 12, fell back to approximately $786 billion by Monday.

In recent weeks, the stock has become a prime target for short sellers, with short interest at one point accounting for about one-third of the company's publicly available float. The number of shares currently available for trading is limited due to lock-up restrictions. As the share price has continued to decline, short sellers have increased their bets. On Monday, Musk publicly criticized short sellers on his X platform, stating that institutions engaged in large-scale, long-term shorting of SpaceX have a very low probability of ultimate survival.

SpaceX plans to launch 24 Starlink satellites into low-Earth orbit using a Falcon 9 rocket on Tuesday. This mission, originally scheduled for Monday, was aborted just before launch. This marks the second launch cancellation for the company within a week. The launch of the giant Starship rocket, planned for last week, was paused due to an engine ignition issue, with the company planning another attempt on Thursday.

Musk stated on his social media platform that some engines failed to ignite successfully, triggering an automatic launch abort. SpaceX said it is adjusting the rocket's propulsion system to address the engine problem.

In June of this year, SpaceX completed the largest IPO in history, raising $85.7 billion with an offering price of $135 per share. Investors are closely watching the progress of Starship test flights. This largest-ever human-rated launch vehicle is crucial for two of SpaceX's major goals: expanding the Starlink satellite internet business and fulfilling contracts related to NASA's Artemis program, which aims to return astronauts to the moon by 2028.

Musk has called Starship the "holy grail" of space travel, hoping to use it for space tourism and crewed missions to Mars in the future.

Investors are also monitoring SpaceX's expanding cloud computing and AI capacity contracts. In February, the company acquired Musk's artificial intelligence firm xAI, renaming it SpaceXAI, and operates a large data center and supporting power station in the Memphis metropolitan area. Google, Anthropic, and Reflection have already signed contracts to lease surplus computing capacity from SpaceXAI's data center. There are reports that the company is also in talks to provide computing services to the U.S. Department of Defense.

Another Musk-led public company, Tesla Inc, is scheduled to report its earnings after the market closes on Wednesday. Institutional investors have already submitted questions to Tesla management in advance via the SayTechnologies platform. Topics of investor interest include synergy plans between Tesla and SpaceX: the two companies plan to jointly build a Terafab chip factory in Grimes County, Texas, with Tesla responsible for research and development and SpaceX leading manufacturing.

Previous reports indicated that many Musk supporters anticipate an integration of his assets, potentially leading to a future merger of SpaceX and Tesla. SpaceX President and COO Gwynne Shotwell acknowledged that a merger of the two companies would significantly simplify Musk's management burden.