SpaceX's IPO Lockup Starts Expiring in August. Here's Why the Next Wave of Sellers Could Be the Real Test.

SpaceX faces an earnings-linked lockup release that could free up to 911.5 million shares shortly after its first earnings report (not yet scheduled). The prospect of increased share availability shortly after earnings is a mild overhang for near-term positioning, prompting a cautious read-through even without disclosed earnings results.