SpaceX Shares Fall Despite Strong First Earnings Report

SpaceX reported better-than-expected first earnings as a public company, but shares fell 7% on August 4, 2026. Why? On August 6, rules expire that had prevented insiders — employees and early investors — from selling 911.5 million shares. A flood of selling could push prices down. Another 1.3 billion shares stay locked until June 2027. Musk cannot sell until one year after the IPO.