SpaceX (SPCX) continues to rise after going public The reason may be quite simple: currently, only about 4.2% of shares are in circulation, and 96% of the shares cannot be sold yet.

But the unlocking pressure is on a countdown: After the Q2 earnings report, up to 30% will be released, and then 7% will be unlocked every 15 days, 28% will be released after the Q3 earnings report, and by December 9 (180 days after the IPO), the remaining shares will all be unlocked.

Musk's personal shareholding is not included in the early unlocking range and has a longer lock-up period.

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