{
  "id": 189590,
  "title": "A billion SpaceX shares unlock Thursday. Wall Street isn’t worried: ‘You never bet against Elon.",
  "url": "https://urgent.news/2026/08/05/a-billion-spacex-shares-unlock-thursday-wall-street-isnt-worried-you",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-08-05T19:35:22.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/08/05/spacex-lockup-expiration-index-inclusion-bailout-luria/"
  },
  "original_language": "en",
  "account": "On Wednesday, a SpaceX rocket crashed into the moon, creating a significant crater and contributing to the growing issue of space debris. However, the most substantial event of the week is set to unfold on Thursday, when almost a billion shares of SpaceX, held by early employees and pre-IPO investors, will be released from their lockup agreements. These shares are valued at around $100 billion at current prices, representing a considerable supply shock rather than the entire IPO.\n\nWhile analysts express concerns that this influx could lead to a drop in the stock price, or as Morgan Stanley suggests, present an opportunity to invest in a potential long-term performer, SpaceX had already taken steps to smooth out the transition. The company successfully negotiated with index providers, who added its stock within 25 days of listing, thereby generating substantial demand and providing a cushion against the expected selling pressure from lockup expiration.\n\nThe accelerated inclusion in major indices like CRSP, FTSE Russell, MSCI, and Nasdaq has transferred an estimated $4 billion of SpaceX stock into passive funds, which are required to purchase shares within 401(k) accounts. This arrangement effectively spread out the buying process, reducing the risk of a dramatic surge and ensuring that the selling at lockup expiration has a support mechanism.\n\nDespite the potential for a sell-off, Luria, an analyst, believes that not all employees or early investors will rush to sell on Thursday. Investment banks and firms favor long-term shareholders, and loyal investors who have dedicated their careers to building SpaceX may resist selling. Additionally, the positive outlook presented by Elon Musk in the company's earnings report, suggesting a $100 billion revenue run rate by year-end, has led Wall Street to double down on the stock, even after a 9% drop on Wednesday.",
  "summary": "Four index providers rushed SpaceX into millions of 401(k)s within 25 days of listing. D.A. Davidson's Gil Luria sees how Musk already knows how this will play out.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Fortune",
        "title": "Before becoming CEO of $79 billion Wall Street giant Apollo, Marc Rowan worked at a party store, valet lot, and ‘the best kosher caterer’",
        "url": "https://urgent.news/2026/08/05/before-becoming-ceo-of-79-billion-wall-street-giant-apollo-marc-rowan",
        "published": "2026-08-05T15:01:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}