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SpaceX shares face new pressure as China booster milestone hits and lockup ends
About 319 million shares are set to become eligible to trade Thursday under a Day 70 lockup tranche tied to SpaceX’s staggered release through 2027.
SpaceX shares were in focus Wednesday as investors weighed a China rocket milestone alongside an upcoming share unlock. Yahoo Finance reported that SpaceX stock was weaker in overnight trading before recovering slightly in early trade.
The update comes after Chinese startup LandSpace landed an orbital-class rocket booster on land for the first time, as Zhuque-3 reached the Dongfeng Commercial Space Innovation Pilot Zone in northwest China. According to the report, LandSpace’s Zhuque-3 upper stage delivered satellites to orbit on the vehicle’s second flight, after its December 2025 debut reached orbit but lost the booster to abnormal combustion during descent.
While the milestone narrows the competitive gap that previously set SpaceX apart, the story also highlighted potential supply pressure from equity unlocks. About 319 million shares held by early employees and investors become eligible to trade Thursday, the Day 70 tranche in a staggered lockup that the report says will release roughly 88% of SpaceX’s 13 billion shares through 2027.
The article noted that SpaceX stock absorbed a much larger unlock earlier this month, when up to 911.5 million shares became tradeable on Aug. 6 and the stock rose 6%. More supply tests are still scheduled, including a 1.3 billion-share tranche expected to unlock in early November around the company’s third-quarter earnings and a 180-day expiry in December.