SpaceX Shares Hit $110.21 Record Low; HSBC Sees 912 Million Share Lock-Up Expiry
SpaceX shares fell to a record low of $110.21 in early New York trading on July 27, 2026, briefly touching $108. HSBC analysts Nicolas Cote-Colisson and Charlie Rothbarth released a lock-up expiry roadmap, with approximately 912 million shares set to unlock on August 6. The free float will increase from 4.9% to 11.8% of total shares. A second unlock condition requires the stock to close above $175.5 for at least five trading days in the ten sessions ending August 4, 2026. The restricted shares are held by private placement fund and individual investors.
As of early New York trading on July 27, 2026, SpaceX shares were near $110.21, briefly touching the $108 area during the session. The company's bonds are also under pressure.
HSBC analysts Nicolas Cote-Colisson and Charlie Rothbarth provided a roadmap for the expiration of SpaceX's lock-up period. The current free float stands at 640 million shares, representing 4.9% of total shares. After the lock-up expiry, the free float will increase to 11.8% of total shares. Approximately 912 million shares are scheduled to unlock on August 6, 2026.
A second unlock condition is triggered if SpaceX's stock price closes above $175.5 for at least five trading days within the ten consecutive trading days ending August 4, 2026 (i. e. , the period from July 22 to August 4, 2026). These restricted shares are currently held by funds and individuals that participated in the private placement.