SpaceX stock dropped following the successful orbital flight and splashdown of Starship due to increased market supply, including an expired post-IPO lockup period and insider share sales.
SpaceX President and COO Gwynne Shotwell offloaded $52.5 million in company shares ahead of the upcoming Starship launch, maintaining a remaining equity stake valued at roughly $830 million.
SpaceX shares dropped over 4% ahead of a major share lockup expiration and Starship Flight 14, the spacecraft's inaugural commercial orbital mission carrying 26 Starlink V3 satellites.
