Prof G Markets · Thursday, July 16, 2026
Nicholas Owens notes that SpaceX's stock has declined even before the lock-up expirations, suggesting further downward pressure is likely as insiders gain the ability to sell their shares. He also points to potential oversupply from competitors in the satellite market, impacting Starlink's economics.
“One of the crucial things you mentioned that is the fact that we haven't even gotten to the lock-up expirations yet.”
“My, my, I think two, kind of, so I go back then to the fundamentals. What are, what are maybe some changes in what people believe about what you have to believe about AI, data centers and space etc.”
“And having a, uh, uh, an eager competitor launching a bunch of satellites looks like a capacity glut could happen, so pricing doesn't look as good.”