TLDRSPCX rebounds 1.53% to $136.05 after a $43 billion share unlock hits marketSpaceX recovers from a $131.50 intraday low as unlocked shares enter tradingAnother 319 million SpaceX shares are expected to become eligible in SeptemberSPCX moves back above its $135 IPO price after Thursday’s sharp 4.05% declineSpaceX faces continued share unlocks through 2027 as more restrictions expireSpace Exploration Technologies (SPCX) stock rebounded Friday as the market absorbed a major release of previously restricted shares. SPCX rose 1.53% to $136.05 after recovering sharply from an intraday low near $131.50. The recovery followed Thursday’s 4.05% decline and brought the stock back above its $135 IPO price.Space Exploration Technologies Corp., SPCXSPCX Stock Recovers After Major Share ReleaseThe latest unlock made 319 million SpaceX shares eligible for trading after earlier restrictions expired. At the $135 IPO price, those shares carry a combined value of nearly $43 billion. However, eligibility for trading does not require existing shareholders to sell their positions immediately.SPCX initially faced pressure as the additional supply entered the market, but the stock later recovered. Shares climbed above $137 during Friday trading before easing back toward $136.05. Even after the pullback, the stock remained above the $134 level reached during Thursday’s session.The rebound followed a difficult previous session when SPCX closed down 4.05% at $134. Friday’s advance therefore recovered part of that decline while reversing earlier weakness. Meanwhile, trading remained active as the market adjusted to the increased number of shares available for sale.More SpaceX Shares Become Tradable in SeptemberThe latest release does not mark the end of SpaceX’s scheduled share unlocks. Another 319 million shares are expected to become eligible for trading during September. Further releases will continue through 2027 as restrictions on additional holdings expire.Share unlocks increase the amount of stock that existing shareholders can potentially sell in public markets. Therefore, each release expands the available supply even when shareholders choose to retain their positions. The structure allows previously restricted shareholders to decide when they want to sell their eligible shares.SpaceX entered public markets with an IPO price of $135 per share. Consequently, Friday’s $136.05 price placed SPCX slightly above its original offering level. The stock also recovered from the session’s $131.50 low as trading conditions improved during the day.SpaceX Expands Beyond Its Core Launch BusinessSpaceX operates launch, satellite, and space infrastructure businesses, with Starship remaining central to its long-term development plans. The company continues developing the spacecraft for reusable launches and larger payload missions. Starship also supports SpaceX’s broader efforts to reduce launch costs through reusable rocket systems.The company’s operations also include the Starlink satellite network, which provides internet services through low-Earth orbit satellites. SpaceX has expanded that network while continuing regular rocket launches for commercial and government customers. These businesses give the company several operating segments beyond its core launch services.Friday’s trading centered on the immediate effect of the $43 billion share unlock and the stock’s recovery. SPCX regained ground after falling below its IPO price earlier in the session. However, another large scheduled unlock in September will further increase the number of shares eligible for trading.The post SpaceX (SPCX) Stock: Rebounds as $43 Billion Share Unlock Hits Market appeared first on Blockonomi.