SpaceX gains $500B post-lockup

SpaceX shares surged 35% after the expiration of its first post-IPO lockup, adding roughly $500 billion in market value and defying the expected wave of insider selling. The move matters because lockup expirations often pressure newly public companies as employees and early investors gain the ability to cash out; in this case, public-market demand overwhelmed that risk. SpaceX also reported earnings for the first time as a listed company, with Elon Musk issuing guidance that investors treated as growth-supportive. The reaction effectively re-rates space infrastructure as a mega-cap technology platform, not a niche aerospace supplier.

Sources from the briefing

• SpaceX Adds $500 Billion After Lockup ExpiryBloomberg Tech
• SpaceX Just Reported Earnings for the First Time as a Public Company. Here's the Most Shocking Piece of Guidance Issued by CEO Elon Musk - Yahoo FinanceYahoo Finance