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SpaceX earnings and lockup expiration loom as shorts pile in
SpaceX is scheduled to report earnings on Aug. 4, followed by an Aug. 6 lockup expiration that could release about 911 million shares, according to the report.
Space Exploration Technologies Corp. is entering a closely watched stretch ahead of its first public earnings report on Aug. 4 and a lockup expiration on Aug. 6, events that could sharply shift trading dynamics for the stock. Ahead of those dates, MarketBeat Ratings says institutional bears have built a $24.6 billion short position. The short exposure is framed as sizable relative to prior volatile periods in other sectors, and it is arriving as traders weigh the company’s near-term disclosure and potential changes to share availability.
The report also points to projected capital spending as a key driver of the short thesis. It cites forward projections with capital outlays rising from roughly $48 billion this year to around $118 billion by 2028, largely tied to Starship development and additional AI-related infrastructure.
In addition, the outlet highlights SpaceX’s float constraints and short-interest concentration. It estimates the public float at about 640 million shares, with short interest expanding past 219 million shares, implying roughly 34% of the tradeable float is sold short.
MarketBeat Ratings adds that, in equities markets, short interest above 20% often reflects a heavily crowded trade, placing added emphasis on how the upcoming earnings and lockup event could affect price action.