Starship

Drops

<h3 id="h-key-insights" class="wp-block-heading"><strong>Key Insights</strong></h3>
<ul>
 <li>SPCX stock price falls 9% as SpaceX stock trades after the $200 billion SpaceX share unlock.</li>
 <li>RBC’s Kenneth Herbert had maintained an Outperform rating and a $225 target.</li>
 <li>SpaceX reported $14.6 billion in quarterly revenue as independent committees assessed a merger.</li>
</ul>
<p>The SPCX stock price dropped 9%. It was trading at $144.90 following the approximately $200 billion SpaceX share unlock. The SPCX stock price decline represented a loss of $14.41 for each share compared with the stock’s previous closing price of $159.31.</p>
<p>Shares opened at $154.21 and traded in a range of $144.50 to $154.26, with a market capitalization of approximately $1.97 trillion.</p>
<h2 id="h-spacex-shares-unlock-releases-of-1-3b-insider-shares" class="wp-block-heading"><strong>SpaceX Shares Unlock Releases of 1.3B Insider Shares</strong></h2>
<p>Following the SpaceX share unlock, eligible employees and early investors could sell previously restricted stock on October 22. The release covered approximately 1.3 billion insider shares, arriving two trading days after the October 20 earnings report.</p>
<p>That SpaceX share unlock arrived earlier than the November window Aave’s risk adviser had used while assessing tokenized collateral. Meanwhile, the lending protocol is weighing whether to accept tokenized versions of SpaceX stock as collateral for its borrowers.</p>
<p>Additionally, schedules cite 328 million shares on October 24 and 319 million becoming tradable on October 26. The differing estimates concern the next time-based SpaceX share unlock, with the scheduled 135th calendar day falling on a weekend.</p>
<p>Under that SpaceX share unlock structure, earnings and calendar milestones progressively expand the public float. This arrangement differs from the traditional structure that imposes a single cliff at the end of a 180-day lockup.</p>
<p>However, CEO Elon Musk’s shares remain restricted until June 12, 2027, or 366 calendar days after the initial public offering.</p>
<h2 id="h-spcx-stock-price-extends-losses-below-150" class="wp-block-heading"><strong>SPCX Stock Price Extends Losses Below $150</strong></h2>
<p>Following the release, the SPCX stock price exhibited persistent intraday weakness, with successive recovery attempts producing lower highs. At the opening bell, the shares had already dropped by roughly 3.2% from the close of the previous session.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img width="940" height="695" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/10/4ecbfbc6927830b8471475df50a164f06c8e8a94d77db2da540de7feb7f2284c-1.png" alt="SPCX stock price performance | Source: Google Finance">
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   SPCX stock price performance | Source: Google Finance
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<p>During subsequent trading, a brief rebound toward the $150–$151 range faded before the shares weakened again toward $145.</p>
<p>At that level, the SPCX stock price stood just $0.40 above the session low, reflecting little recovery from that point.</p>
<p>Before that session, RBC analyst Kenneth Herbert reiterated an Outperform rating and an unchanged $225 SPCX stock price target. Market commentator Hardik Shah, posting as <a href="https://x.com/AIStockSavvy/status/2112174516616995006" rel="noopener noreferrer nofollow">AIStockSavvy on X</a>, relayed Herbert’s call on Monday, October 19.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img width="900" height="834" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/10/26405e28cc3182867e87c42259b121be3cd09a295287619dc61fb0ceff063f48-1.jpeg" alt="SPCX stock price analyst rating | Source: X">
  <figcaption>
   SPCX stock price analyst rating | Source: X
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 </figure>
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<p>At that time, SpaceX stock price sat around $150, placing the target roughly 50% above that level. The SpaceX stock call preceded Tuesday’s earnings.</p>
<h2 id="h-spacex-stock-earnings" class="wp-block-heading"><strong>SpaceX Stock Earnings</strong></h2>
<p>Ahead of the SPCX stock price decline, SpaceX <a href="https://www.thecoinrepublic.com/2026/10/19/analyst-keeps-225-spcx-stock-price-target-ahead-of-spacex-earnings/" rel="noopener noreferrer nofollow">reported quarterly revenue</a> of $14.6 billion. Revenue rose 161% year over year and exceeded Wall Street expectations.</p>
<p>Within those results, <a href="https://www.thecoinrepublic.com/2026/08/13/spacex-stock-price-rallies-11-after-elon-musk-boosts-ai-revenue-optimism/" rel="noopener noreferrer nofollow">Super Intelligence generated</a> $7.6 billion, while Starlink contributed $5.2 billion from 13.6 million subscribers. Launches added $1.8 billion, including the first paying Starship mission.</p>
<p>Building on that performance, Musk floated $1 trillion in 2028 revenue as a newly possible outcome. Meanwhile, the company scaled compute capacity to 1.7 gigawatts, advanced semiconductors, and prepared Starship Flight 15 for next month. The flight aims to achieve a dual catch of both the booster and the ship.</p>
<h2 id="h-tesla-merger-reports-and-nvidia-chips-financing" class="wp-block-heading"><strong>Tesla Merger Reports and Nvidia Chips Financing</strong></h2>
<p>Beyond earnings, Musk confirmed on Tuesday that both companies formed independent special committees at shareholders’ request to assess a merger. He supported cooperation on AI, chips, robotics, mass-to-orbit capabilities, and connectivity but said conflicts prevented him from participating.</p>
<p>However, Musk stressed that shareholders must support any transaction and that committees had reached no agreement. He also said a merger was not certain.</p>
<p>Against that backdrop, the BBC cited Tesla’s roughly $1.5 trillion (£1.1 trillion) valuation and SpaceX’s approximately $2 trillion valuation. At those values, a combination would mark the largest merger ever, the broadcaster reported.</p>
<p>Separately, SpaceX stock featured in a Financial Times report about a proposed $40 billion <a href="https://www.thecoinrepublic.com/2026/10/07/spacex-stock-eyes-40b-nvidia-chip-deal-as-apollo-leads-debt/" rel="noopener noreferrer nofollow">financing package for Nvidia chips</a>. The report, published two weeks earlier, named Apollo Global Management as the transaction’s expected lead. The proposed package concerned financing for the company’s additional spending on artificial intelligence infrastructure.</p>
<p>This article is for informational purposes only and does not constitute financial advice. Stock investments carry substantial risks, including volatility and potential capital losses. Readers should conduct independent research before making investment decisions.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2026/10/23/spcx-stock-price-drops-9-during-200b-spacex-share-unlock/" rel="noopener noreferrer nofollow">SPCX Stock Price Drops 9% During $200B SpaceX Share Unlock</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

SPCX Stock Price Drops 9% During $200B SpaceX Share Unlock

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