Prof G Markets · Thursday, July 16, 2026
Nicholas Owens suggests SpaceX's quick stock price drop is partly due to its small float, with only about 4% of the company available. Upcoming earnings announcements and a significant insider sell-off are expected to further impact supply in the coming weeks.
“I think that's a really good point. I think there's two kind of buckets that I would want to point out there. First of all, maybe working backwards, it's quick, I think partly because the float is still so small. Only fourish percent of the company.”
“So both of those should drive the price. Um, so I think here you have in the next couple weeks, I think they're supposed to announce earnings August something, August 8th or 9th. And then two days after that, a whole another 7% of the company can be sold by insiders. So that's supply.”