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## Overview SpaceX passed its first major post-IPO test on August 6, 2026, when the lockup preventing early investors from selling shares expired, with millions of shares becoming eligible for sale. Rather than a selloff, the stock rallied, with the company's valuation reportedly climbing amid the $500 billion rally referenced in coverage (Bloomberg, August 13). ## Background SpaceX went public in June 2026 at a valuation reported around $1.77 trillion, one of the largest IPOs in history. Wall Street had anticipated potential downward pressure on the stock once early investors were free to sell, a common pattern after lockup expirations for high-profile IPOs. ## Significance The successful passage of this lockup test is being read as a sign of continued investor confidence in SpaceX's valuation and growth trajectory, and it may reduce concerns about volatility as more lockup periods (for later-round investors) approach. It also feeds into broader narratives about SpaceX's bond market reception and its exclusion from/inclusion in major indices like the S&P 500. ## Key Watch Points - Subsequent lockup expirations and investor behavior - Stock price stability versus volatility - Comparison to SpaceX's bond market performance, which has seen secondary market weakness in other reports - Broader implications for other recent space/AI IPOs (OpenAI, Anthropic)