EL7.AI
StocksMediumUpdated•Originally published 31 July 2026•Updated 31 July 2026•
1 min read

SpaceX Stock Breaks Support, Falling to $109 Amid Insider Selling Pressure

Key Facts

1SpaceX faces potential pressure as an insider lockup expiration for 911.5M shares could more than double the stock's float.
2Starlink accounts for 61% of 2025 revenue and is currently the only profitable segment within the company.

Amid intensifying selling pressure triggered by the expiration of the insider lockup period, SpaceX stock has retreated significantly, breaking through previous technical support levels. According to reports, the stock recorded a 2.5% decline at the start of Friday's session to hit the $109 level, as a portion of the 911.5 million unlocked shares began entering the market, effectively increasing the float.

These price movements occur at a critical juncture for the company, which carries a $1.5 trillion valuation heavily dependent on the Starlink division—projected to generate 61% of 2025 revenue. Per market data, investors are closely weighing this performance against the continued cash burn in the Space and AI divisions, which adds fundamental pressure during this period of increased supply.

The SPCX stock stood at $109.00 (as of close July 31, 2026), down from the previous session close of $112.20. Traders should monitor for further volatility in the coming days as the market continues to digest the lockup expiry and the Federal Reserve's recent decision to maintain interest rates at 3.75%, a key factor for high-growth valuations.