Space X confirms the release date of its financial report, and millions of restricted shares usher in the first round of lifting window period
SpaceX launches on June 12, 2026 Completed IPO listing. On Tuesday, stimulated by the official announcement that it would release its first financial report after listing, SpaceX's stock price rose by 5%, trying to reverse the decline of seven consecutive trading days, and the release date of this financial report coincided with a large-scale lifting of restricted shares. Musk's aerospace and defense company announced on Monday that it will release its first financial report on August 4 after setting the largest IPO in history. This date also activates the company's special sales restriction lock-up period rules: insider shareholders can sell stocks in advance, earlier than the 180-day standard lock-up period common in the U.S. stock market. SpaceX adopts a batch lifting mechanism to allow insiders to sell their holdings in stages to avoid concentrated selling that triggers violent fluctuations in the stock price. With the release of the first financial report, shareholders can sell 20% of their shares that meet the sales restrictions, and the total number of shares that can be unlocked can reach up to 911.5 million shares. An additional 10% of the shares can be unlocked if the conditions are met: if the closing price on 5 of the 10 trading days before the financial report is released is at least 30% higher than the IPO issue price, these shares will be unlocked simultaneously. As of Monday's close, SpaceX's stock price has nearly halved from its intraday high of $225.64 on June 16; compared with the all-time high closing price of $211.39 hit that day, it has dropped 43%. According to Forbes real-time rich list data, Musk's net worth once exceeded US$1 trillion on June 12, but fell back to about US$786 billion on Monday. The stock has become a target of short sellers in recent weeks, with short positions once accounting for one-third of the company's total outstanding shares. Due to the lock-up period, the number of tradable shares in the current market is small; as the stock price continues to decline, short sellers continue to increase their bets. On Monday, Musk posted a message on the X platform to publicly criticize short sellers: "Institutions that have shorted SpaceX on a large scale for a long time have a very low probability of survival." SpaceX plans to use a Falcon 9 rocket to launch 24 Starlink satellites into low-Earth orbit on Tuesday; the mission was originally scheduled to launch on Monday but was aborted before launch. This is also the second time SpaceX has canceled a launch mission within a week. The giant Starship rocket was originally scheduled to launch last week, but was suspended due to an engine ignition failure. The company plans to try again on Thursday. Musk said on his social platform: "Some engines failed to ignite successfully, and the system automatically triggered a launch abort." SpaceX said it was adjusting the rocket propulsion system to solve the engine failure problem. In June this year, SpaceX completed the largest IPO in history, raising US$85.7 billion and setting the issue price at US$135 per share. Investors are paying close attention to the progress of Starship test flights. The largest launch vehicle in human history is crucial to SpaceX's two major goals: expanding the Starlink satellite Internet business and fulfilling contracts related to the National Aeronautics and Space Administration (NASA) Artemis program - NASA aims to return astronauts to the moon in 2028. Musk calls starships the "holy grail" of space travel and hopes to rely on starships to carry out space tourism and manned missions to Mars in the future. Investors are also paying attention to SpaceX’s expanding cloud computing power contracts. In February this year, the company acquired Musk's artificial intelligence company xAI and changed its name to SpaceXAI to operate large data centers and supporting power stations in the Memphis metropolitan area. , Anthropic and Reflection have signed contracts to rent the spare computing power of SpaceXAI's data center; there are reports that the company is also negotiating to provide computing power services to the U.S. Department of Defense. Another listed company owned by Musk , will release its earnings report after the market closes on Wednesday. Institutional investors have submitted relevant questions to Tesla management in advance through the SayTechnologies platform. Issues of concern to investors include the collaborative planning of 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 production and manufacturing. Previously, it was reported that a large number of Musk supporters are looking forward to the integration of their assets to promote the future merger of SpaceX and Tesla. SpaceX President and Chief Operating Officer Gwennie Shotwell said frankly that if the two companies merged, it would greatly simplify Musk's management pressure.