SpaceX IPO Lockup Schedule: Key Expiration Dates for SPCX

SpaceX (NASDAQ: SPCX) IPO Lockup Schedule: What Investors Need to Know

Following its highly anticipated initial public offering (IPO) on June 12, 2026, SpaceX has implemented a rolling (tiered) lockup expiration schedule. Unlike traditional IPOs where all restricted shares flood the market simultaneously after 180 days, SpaceX’s structured approach aims to mitigate sudden, drastic price drops. Consequently, this method offers more stability.

Crucially, the shares held by Elon Musk and key insiders are subject to a much stricter and longer lockup period. This period is longer than the market standard.

Here is the complete breakdown of the lockup expiration timeline:

1. June 12, 2026: The IPO
   • SpaceX officially listed on the NASDAQ under the ticker SPCX, priced at $135 per share.
2. August 2026: Post-Q2 Earnings (First Release)
   • Up to 20% of shares held by early investors and employees will unlock.
   • Condition: If SPCX trades at least 30% above the $135 IPO price for 5 out of 10 consecutive trading days leading up to the earnings report, an additional 10% will be released. Thus, trading performance can influence the lockup.
3. Days 70 to 135 Post-IPO: Rolling Employee Releases
   • To prevent a single massive sell-off, additional 7% tranches will unlock at the 70, 90, 105, 120, and 135-day marks. Therefore, this allows for a gradual increase in supply.
   • This period stretches roughly from late August through late October. As a result, there is a steady but controlled stream of new supply entering the market.
4. November 2026: Post-Q3 Earnings (Second Major Release)
   • The day immediately following the Q3 earnings release, a substantial 28% of restricted shares will unlock.
5. December 8, 2026: The 180-Day Mark (General Lockup Expiration)
   • This is the traditional 180-day milestone. The remaining restricted shares for the vast majority of early investors and employees will be freed. This date represents the largest potential supply shock to the market.
6. June 13, 2027: The 366-Day Mark (Elon Musk & Anchor Investors)
   • Elon Musk, who controls 85.1% of the company’s voting power, alongside select large-scale institutional investors, is bound by a strict 1-year and 1-day lockup. Founder and executive shares will not hit the public float until this date. Thus, major shares remain restricted for over a year.

Market Outlook:

As of July 2026, the public float remains exceptionally thin—representing less than 5% of total outstanding shares—which naturally drives high price volatility. However, as the rolling unlocks progress toward the massive 180-day release in December, the available float will expand dramatically. Investors should closely monitor these specific dates. The influx of supply could introduce short-term downward pressure on the stock.