SpaceX extends decline to 11% on lockup expiration and capex spending fears

CryptoInfo Editorial Team · Published on August 05, 2026 at 12:12 · Updated on August 06, 2026 · 1 min read

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Key Takeaways

→SpaceX shares fell 11% in premarket trading
→The company reported no BTC sales in the second quarter
→Concerns over capital spending and lockup expiry contributed to the decline

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

SpaceX shares fell 11% in premarket trading due to concerns over capital spending and the expiration of an insider lockup period, according to reporting from CoinDesk.

Notably, the company reported no sales of Bitcoin (BTC) in the second quarter. However, investors focused on the pressure on free cash flow and capital spending, leading to the decline in shares before the market opened.

Source: CoinDesk ↗