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SpaceX's ill-timed payday
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Plus: A push for local veto power on data centers.
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Friday, August 7, 2026
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SpaceX insiders can finally sell some stock. If only it wasn't below its IPO
price
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SpaceX stock touched a new low on Thursday as up to 911.5 million shares held by insiders became eligible for sale for the first time since the company went public in June. The stock dipped to
$105.11 in early trading before bouncing back to $114.92 at Thursday's close. SpaceX shares have shed nearly half their value from their June 16 peak of $225.64 and are about 15% below their $135 IPO price.
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The newly eligible shares, valued at roughly $100 billion at current prices, bring the total tradable share count to 1.55 billion, up from the 639 million that changed hands when SpaceX completed its IPO, according to
Bloomberg.
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Among those looking to sell is Jessie Bates III, a safety for the Atlanta Falcons who paid about $150,000 for SpaceX shares in 2022 at a valuation of $127 billion. According to CNBC, Bates communicated through a publicist that he intends to liquidate his full position in order to "lock in gains." SpaceX's current valuation of $1.49 trillion could make Bates' stake worth over $1.7 million.
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Another 319 million shares will unlock Aug. 12, with additional tranches coming in September and October. By the end of the year, more than 4 billion shares will be available to trade.
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Today's Poll
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Would you sell SpaceX stock now if you could?
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<table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
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<td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
<table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
<tbody>
<tr>
<td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
<!--[if !mso]><!-->
<span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display:
block; ">
Yes. Lock in whatever value is left
</span>
<!--<![endif]-->
<!--[if mso]><a href="https://www.ne16.com/t/11055981/222404108/10313998/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwOC0wNw&x=e044f564" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display:
block; ">Yes. Lock in whatever value is left</a><![endif]-->
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<table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
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<tbody>
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<td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
<table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
<tbody>
<tr>
<td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
<!--[if !mso]><!-->
<span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display:
block; ">
No. I'd wait for the stock to recover
</span>
<!--<![endif]-->
<!--[if mso]><a href="https://www.ne16.com/t/11055981/222404108/10313999/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwOC0wNw&x=9ac8bcd6" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display:
block; ">No. I'd wait for the stock to recover</a><![endif]-->
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<tbody>
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<td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
<table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
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<td height="40" style="vertical-align:middle;text-align:center;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
<!--[if !mso]><!-->
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<table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" class="newButton" height="40" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;padding:10px;mso-padding-alt:10px;margin-left:auto;margin-right:auto" width="100%">
<tbody>
<tr>
<td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
<table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
<tbody>
<tr>
<td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
<!--[if !mso]><!-->
<span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display:
block; ">
I'd sell some now and hold the rest
</span>
<!--<![endif]-->
<!--[if mso]><a href="https://www.ne16.com/t/11055981/222404108/10314000/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwOC0wNw&x=ebff2c2a" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display:
block; ">I'd sell some now and hold the rest</a><![endif]-->
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<!--[if !mso]><!-->
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<h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:32px;font-weight:bold;color:#121721">
<span style="font-family:Arial">
Here's what you need to know
</span>
</h1>
</td>
</tr>
<tr>
<td class="snippet td100" colspan="6" style="width:600px;position:static;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="600">
<table align="center" border="0" cellpadding="0" cellspacing="0" class="dragndrop" data-rss-posts="undefined" height="100%" style="table-layout:fixed;margin-left:auto;margin-right:auto" width="100%">
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<a aria-label="" style="color:#121721" target="_blank" title="">
<img alt="" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D75%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2200597215.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODYwOTc3MDguNzY3NTI5Mn0:1wsHbY:PiB6pDMpm_tWfQ7MEZKwXy7ktNauBU_SzP9u4yi4-Pk" style="width:200px;vertical-align:middle;border:0" width="200"/>
</a>
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<div>
<strong style="color:#016FF0">
<a data-linktext="OpenAI wants a judge to dismiss Apple's trade secrets lawsuit." data-linktype="Normal" style="color:#17253D" target="_blank">
OpenAI wants a judge to dismiss Apple's trade secrets lawsuit.
</a>
</strong>
OpenAI argued that Apple failed to describe the information it claims as confidential and that the lawsuit was "baseless." OpenAI said Apple confused employees by allowing them to use personal iCloud accounts to handle data.
</div>
</td>
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<img alt="" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D75%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2272777092.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODYwOTc3MDguNzY3NjQxOH0:1wsHbY:BOJuXen0kSvtj5tU340-b9-fusjXH2dAsq-qu3i5Lgw" style="width:200px;vertical-align:middle;border:0" width="200"/>
</a>
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<div>
<strong style="color:#016FF0">
<a data-linktext="Meta's AI model is the latest to escape cybersecurity testing." data-linktype="Normal" style="color:#17253D" target="_blank">
Meta's AI model is the latest to escape cybersecurity testing.
</a>
</strong>
Meta said Muse Spark accessed the
internet and breached an undisclosed third party, joining OpenAI and Anthropic as the third leading AI developer to acknowledge one of its models had compromised a real-world system.
</div>
</td>
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<div>
<strong style="color:#016FF0">
<a data-linktext="Warner Bros. reports streaming revenue growth amid merger delays." data-linktype="Normal" style="color:#17253D" target="_blank">
Warner Bros. reports streaming revenue growth amid merger delays.
</a>
</strong>
The segment posted a 10% increase from a year earlier to $3 billion, even as the company's
overall results fell short of analyst expectations. Warner Bros. Discovery's merger with Paramount is set for trial next year.
</div>
</td>
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<td class="td100" colspan="6" height="24" style="background-color:#F9F8F6;width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
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<div>
<strong style="color:#016FF0">
<a data-linktext="Jamie Dimon warns hidden leverage could trigger market disruption." data-linktype="Normal" style="color:#17253D" target="_blank">
Jamie Dimon warns hidden leverage could trigger market disruption.
</a>
</strong>
JPMorgan's CEO said the odds a
single investor could spark a broader selloff are higher with high margin debt in the system. Dimon named prime brokerages, hedge funds, and ETFs among the channels contributing to leverage.
</div>
</td>
</tr>
<tr style="background-color:#F9F8F6">
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<a aria-label="" style="color:#121721" target="_blank" title="">
<img alt="" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D75%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2273589354.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODYwOTc3MDguNzY3OTczMn0:1wsHbY:bL8FAHbKIIPypM4Nx89gZ_wE4R3kGJ5vnkBSrEOD00U" style="width:200px;vertical-align:middle;border:0" width="200"/>
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<div>
<strong style="color:#016FF0">
<a data-linktext="U.S. jobless claims edged up to a stronger-than-forecast 199,000." data-linktype="Normal" style="color:#17253D" target="_blank">
U.S. jobless claims edged up to a stronger-than-forecast 199,000.
</a>
</strong>
The figure was a modest increase from the prior week's revised 198,000, and the four-week moving average fell to
198,750, the Department of Labor said. Continuing claims, a broader measure of unemployment, rose to 1,801,000.
</div>
</td>
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<td class="td100" colspan="6" height="24" style="background-color:#F9F8F6;width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
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Rep. Ro Khanna is calling on Congress to establish a "data center bill of rights" that would give local communities the power to block AI data center construction. The California Democrat said the
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The resolution expresses that communities should have the
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More than 4,400 registered data centers currently operate across the
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