911.5M SPCX tokens (~$123B) representing 7% of supply unlock on August 6th.
Ecosystem ·
SpaceX's publicly listed shares will see a significant release on August 6, when 911.5 million SPCX tokens—valued at approximately $123 billion and representing 7 percent of total supply—become eligible for trading. This unlock is triggered by the company's Q2 earnings announcement and occurs two trading days after the official release date, a mechanism designed to gradually introduce locked shares to the market rather than allowing a sudden flood.
The unlock is part of a 180-day staggered release schedule that began following SpaceX's initial public offering. Early-release-eligible shares are being distributed across multiple tranches tied to earnings dates and performance milestones; the August 6 event represents 20 percent of shares in the early-release pool. Elon Musk's holdings remain subject to a separate one-year lock with no early release provision, and his voting power is structured at 82.4 percent through a dual-class share arrangement.
According to the unlock tracker, up to 2.51 billion shares worth $338.39 billion could become eligible within the next 90 days—roughly 4.5 times the current public float—though the schedule emphasizes that eligibility does not guarantee immediate sale. Whether this supply will actually enter the market depends on holder behavior and market conditions in the weeks following the unlock date.