SpaceX shares gain 35% after lock-up expiry, climb back above IPO price

It appears that early investors in SpaceX remained confident in the company’s growth potential, even as shares worth around $100 billion became eligible for trading after lock-up restrictions expired earlier this month. The stock has since gained more than 30%, moving back above its IPO price.

In just five trading sessions since the lock-up expiration on August 6, SpaceX shares surged 35%, adding roughly $500 billion to the company’s market capitalisation and climbing back above their $135 IPO price.