**SpaceX (NASDAQ: SPCX) has seen significant stock market volatility since its IPO on June 12, 2023, debuting at $135 per share and peaking at $225.64 on June 16. Currently, the stock trades around $155, reflecting a market cap decline from $2.66 trillion to $2.07 trillion, with a price-to-sales ratio of 111 based on last year’s revenue of $18.7 billion.**
**The company released only 5% of its shares during the IPO, leading to high borrowing costs for short sellers, with rates ranging from 15% to 50%. Important lockup periods are set to begin expiring starting in late July, which could lead to significant share availability in the market. By December 8, all remaining shares will be unlocked.**
**As the seventh-most-valuable company globally, SpaceX is also positioned for potential inclusion in major indices like the Nasdaq-100, which could drive additional buying pressure. Investors should remain cautious, as the high valuation and ongoing market dynamics present both risks and opportunities.**
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