Sell SPCX by Oct 9, 2026.

I was trying to understand why SPCX is struggling to hold a bid after the Nasdaq100 inclusion, and the lock-up math is probably part of the answer. The IPO issued 638.9M Class A shares at $135, including the full greenshoe. The first major post-IPO unlock is 911.5M shares after Q2 results + 2 trading days. That alone is 142% of the IPO-issued shares. If the extra Q2 price trigger is met, another 456M shares can unlock, taking that first window …