SpaceX Faces $100B Unlock Pressure as Max Q Phase Begins

Morgan Stanley warns of critical stress as 911.5M shares unlock in August, valuing ~$100B, posing major short-term risk to stock price stability.

Woofun AI reports that Morgan Stanley characterizes SpaceX's post-listing period as a critical 'Max Q' phase, drawing parallels to rocket launch dynamics. The firm highlights that market focus will center on strategic directions for Starlink, Starship, and AI computing expansion rather than isolated quarterly financial metrics.

Approximately 911.5 million restricted shares are scheduled for unlocking on August 6, representing a value of roughly $100 billion at current prices. This event constitutes the initial tranche of a broader unlock plan totaling nearly 4 billion shares through January 2027. Morgan Stanley identifies potential liquidity demands from early investors as the primary short-term risk to the stock's valuation.