SpaceX Drops 11% as 911.5M Shares Unlock Looms SpaceX (SPCX) shares fell as much as 11% in pre-market and early trading after the company released its first quarterly results as a public firm. Earnings Snapshot: > Revenue surged 92% year-over-year to $7.8 billion, beating estimates.
> Adjusted EBITDA nearly tripled to $3.5 billion.
> Net loss of $541 million, with heavy capital expenditure of $18.4 billion for Starlink, Starship, and AI expansion drawing concern.
The bigger overhang is the lockup expiration: starting August 6, up to 911.5 million shares (worth roughly $100–$116 billion depending on price) become eligible for sale. This represents the largest single-day unlock in U.S. market history and could more than double the current public float. SpaceX also reported holding roughly 18,712 Bitcoin on its balance sheet, taking a fair-value hit amid recent price action. While some market chatter questions whether selling pressure or unlocked capital could rotate into crypto, there is no confirmed evidence of large-scale flows yet — the unlock itself begins tomorrow. SpaceX Down 11% on Capex Fears & Historic 911.5M Share Unlock Will the massive unlock create selling pressure that spills into risk assets, or could any realized gains find their way into Bitcoin and crypto?
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> Adjusted EBITDA nearly tripled to $3.5 billion.
> Net loss of $541 million, with heavy capital expenditure of $18.4 billion for Starlink, Starship, and AI expansion drawing concern.
The bigger overhang is the lockup expiration: starting August 6, up to 911.5 million shares (worth roughly $100–$116 billion depending on price) become eligible for sale. This represents the largest single-day unlock in U.S. market history and could more than double the current public float. SpaceX also reported holding roughly 18,712 Bitcoin on its balance sheet, taking a fair-value hit amid recent price action. While some market chatter questions whether selling pressure or unlocked capital could rotate into crypto, there is no confirmed evidence of large-scale flows yet — the unlock itself begins tomorrow. SpaceX Down 11% on Capex Fears & Historic 911.5M Share Unlock Will the massive unlock create selling pressure that spills into risk assets, or could any realized gains find their way into Bitcoin and crypto?
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC $SOL #Macro Insights#