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SpaceX Valuation Falls Below Two Trillion Dollars

The company share price dropped below $140 following the expiration of lockup restrictions on over a billion shares.

Updated on Oct. 30, 2026 in Public Companies

Bold flat-color editorial illustration of a rocket nozzle, symbolizing the market valuation decline of the aerospace sector.
SpaceX market value dropped below $2 trillion following the October 22 expiration of lockup restrictions on over 1.3 billion shares. AI Illustration. Upload story photo >

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SpaceX has lost more than $400 billion in market value since October 6, with its total valuation sliding below the $2 trillion threshold. The decline follows the October 22 expiration of share lockup restrictions for 1.3 billion shares.

Why it matters

The sell-off was driven by the release of a massive volume of restricted shares, compounded by broader investor uncertainty regarding Intel financial forecasts and regulatory concerns about a potential SpaceX-Tesla merger.

SpaceX market value dropped from over $2.3 trillion on October 6 to under $2 trillion following a 16% share price decline. Intel also reported third quarter revenue of $16.5 billion while projecting fourth quarter earnings of $0.25 per share.

The players

SpaceX

Space Exploration Technologies Corp is a private aerospace manufacturer and space transportation services company.

Intel

Intel is a multinational technology corporation that designs and manufactures semiconductors and computing components.

Tesla

Tesla is an automotive and energy company that has been the subject of speculation regarding a potential merger with SpaceX.

The details

Investors offloaded shares after 1.3 billion units became available for sale on October 22, pushing the stock price below $140 by October 30. While Intel reported $16.5 billion in third-quarter revenue, its weak guidance has contributed to a cautious environment for aerospace and tech holdings.

Timeline

  1. October 6, 2026: The company valuation reached more than $2.3 trillion.

  2. October 21, 2026: SpaceX shares experienced a brief rise of about 8%.

  3. October 22, 2026: Share lockup restrictions expired for 1.3 billion shares.

  4. October 30, 2026: The stock price fell below $140.

Market Landscape

This valuation shift follows a pattern set by the expiration of corporate share lockup restrictions, which traditionally triggers a surge in available supply. The decline highlights how liquidity events can disrupt high-valuation growth companies against a backdrop of wider semiconductor sector uncertainty.

For retail investors and shareholders, this volatility highlights the risks associated with holding positions in companies undergoing post-lockup sell-offs. Market participants should monitor whether the upcoming Starship flight successfully stabilizes sentiment and aids a recovery above the $140 price level.

The takeaway

Large-scale share releases often create temporary price dips as supply significantly outpaces demand in the short term. Investors are reminded to consider the influence of upcoming operational milestones, such as test flights, when evaluating the long-term outlook of aerospace stocks.

What happens next

Starship Flight 15 is scheduled for launch next month, a milestone that could influence future share performance.

Further reading

For more on how corporate governance and market shifts affect firms, visit the Public Companies section.

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