Key facts
- Early SpaceX investors are divided on whether to sell their shares as lockup periods expire.
- SpaceX stock has fallen nearly 50% from its mid-June peak.
- The stock experienced a significant drop after the company's first earnings report.
- Despite volatility, early investors have seen substantial gains.
- Concerns exist about increased selling pressure from insiders as more shares unlock.
Early investors in SpaceX are reportedly experiencing a mix of stress and uncertainty as lockup periods expire, potentially leading to increased stock sales. Despite substantial gains from their initial investments, the recent sharp decline in SpaceX's valuation and concerns about future volatility are causing some to reconsider their holdings.
Ryan, a former SpaceX employee who received shares in 2019, saw his stake peak at over $630,000 in June but is now worth about half that. He remains optimistic about the company's long-term prospects, citing his inside knowledge and faith in management, but would consider selling if key projects like Starship do not progress. He anticipates further volatility due to heavy spending on R&D.
Kris Dehnert invested $25,000 in SpaceX in 2022 at approximately $19 per share. His stake ballooned to around $260,000 at its peak. Dehnert expressed frustration with the lockup period, stating he would have liked to sell before the stock's decline. He plans to sell his initial investment amount to secure profits and hold the rest, but would exit entirely if shares fall below $50.
Lance Breitstein, who purchased $500,000 worth of stock in 2024 at a $210 billion valuation, now holds a stake worth over $3 million. He is not overly stressed by the post-IPO drop but expects more pressure as shares unlock. Breitstein indicated he would consider selling to take profits if the stock rebounds to around $130 per share.