Back to today’s briefing

Story perspectives

SpaceX loses $1.5 T as lockup shares set to release

7/29/2026

24 5 Full Breakdown

Summary

Story summary

SpaceX has shed about $1.5 trillion in market value since mid-June.
Its shares trade between $107 and $113, down 14-16% from the $135 IPO price.
911.5 million locked-up shares (20% of the stock) will unlock on August 6, expanding the float.
Short sellers hold roughly 30% of tradable shares, earning nearly $8 billion in paper profits, while analyst Adam Jonas warns a fall to $100 per share would render SpaceX’s AI segment valueless.

History

Historical Context

The dot-com bubble peaked on March 10 2000 when the Nasdaq hit 5,048.62 and then fell 78% by October 2002, wiping out about $5 trillion in market value and slashing Cisco’s stock by roughly 80%. That collapse was amplified by massive venture-capital inflows, aggressive IPO lock-up periods and short-seller profits, patterns echoed today as SpaceX’s valuation drops $1.5 trillion amid a 30% short-interest surge and a large August lock-up release.

1 of 2

Story summary

SpaceX has shed about $1.5 trillion in market value since mid-June.
Its shares trade between $107 and $113, down 14-16% from the $135 IPO price.
911.5 million locked-up shares (20% of the stock) will unlock on August 6, expanding the float.
Short sellers hold roughly 30% of tradable shares, earning nearly $8 billion in paper profits, while analyst Adam Jonas warns a fall to $100 per share would render SpaceX’s AI segment valueless.

1 / 2