SpaceX, of course, went public in June

in a record IPO. It's been on a volatile

run since then. It's top shareholders

are now uncovered. And several lockups

are still left to expire, though. We're

digging into all the action for the

space stock with Yahoo Finance's Jared

Blikre. So, um it is 13F season, which

is a type of filing from uh for to the

SEC that where basically shareholders

have to reveal what their holdings were

as of the end of

June 30th, right?

>> That's right. So, if you remember the

SpaceX came to market in listed on June

12th. So, that was very on very early on

in the cycle. I did bring a chart. There

are over 1,500 holders of SpaceX stock,

and most of them own a very small

percent. And in fact, the most of the

stock, and this is a top line here, 83%

of the stock is held by 23 people.

>> Wow.

>> At the top of that list, guess what?

That is Elon Musk and the Gigafund. Then

you have the Saudi private and or public

investment fund. That's about a $26

billion holding. D1 Capital. Then you

got Nvidia, Capricorn. Bunch of names uh

probably not familiar with. Ontario

Teachers own $8.7 billion worth. That's

a huge fund right there. And as we were

just talking about over the break,

Alphabet owns a nice chunk as well.

Um so, there are a lot of smaller

holders as in fact, most of them are

smaller holders, but they own a very,

very small chunk. So, let me go back

here. I'm going to I'm going to chart

the price action in SpaceX to kind of

give a timeline here. Uh that's not what

I'm looking for, but this is our This is

the mega caps and how they've actually

done in uh August. And that's kind of a

small side note that most of them are

doing pretty well. But here's SpaceX.

And if we do a 3-month chart, that'll

get everything since day one, I think.

Um maybe there we go. And the $150 is a

big uh number because that was the

opening print, if you recall. That was

the biggest opening print ever for uh

new IPO in its listing. And so, where is

it right now? SpaceX is trading at

147.41.

And we've seen it kind of touch this

level before early on when it had that

big meteoric rise to 225 then it came

crashing back down. 150 has been a key

level. So, that's the one I'm really

watching here. If it can get above that,

I think it's got a decent shot at at

seeing 200 again pretty soon. Um but it

could also roll over at 150.

>> Well, what's interesting too on that

chart is there was all this anticipation

for the earnings but also for that first

lockup expiration.

>> Yes.

>> We knew it was coming. Big slice of

shares coming to market. Another slice

is coming to market this week

potentially. It doesn't mean they're all

going to be sold. It means they're

eligible for sale. The stock actually

went up on the first on the first

expiration day.

>> That surprised a lot of people.

>> Yeah. So, I mean was it just that there

was a lot of selling going into it

probably that people anticipated it was

going to happen.

>> That SpaceX got cut in half more than

half. So, it was at 225 traded all the

way to down to 104 and change. I think

it was just beaten up and you had people

who were willing to step in there. This

is a fun not uh we were just talking

about the big holders but this has a ton

of retail interest too. I follow

VandaTrack and every week they're out

with a new note that these are loyal

followers of the stock. So,

last week or the week before when we had

that 919 million share lockup

expiration, stock did very well the next

day. Now, as you said we have another

319 320 million dollar one or not dollar

but 300

>> Shares, yeah.

>> 320 million shares and we're going to

see one of those every two to three

weeks into their next earnings report.

And so, we're just scratching the

surface of the shares that are going to

be unlocked here. And then the big ones

are next year because after a year Elon

Musk gets to sell his. I don't think

he's going to destroy the share price.

He tends to take out loan on his loans

on his stock when he needs cash. But

yeah, I think you know the net net the

share the share unlocks are probably

going to be a force especially as the

stock climbs higher and higher if it

climbs higher and higher. But so far we

haven't seen it be an issue, but we're

in the early innings there.

>> Well, I mean into your point, that which

is a great one, like if I it dep- it all

depends on time horizon, right? If I'm

somebody who's an early employee of

SpaceX and I've been holding shares

forever and I want to buy a house,

>> Yeah.

>> then I've seen enough appreciation that

I can sell at least some of my shares to

do that. If I am a newer investor, say

one of those folks who showed up in the

13F,

>> Yeah.

>> and I've only been holding it for a few

months and I've seen the stock go down

and down and down, I'm not going to

sell. I'm going to wait until the stock

goes back up again.

>> more. Um so yeah, different different

holding periods, different investors.

This stock is so big. It's got something

for everybody. And it it has captured

the Ameri- the the uh retail traders'

imagination here. So I think

>> have something for everybody. One of my

guests called it Frankenstein recently.

>> [laughter]

>> Frankenstein's monster.

>> Yeah, right. Not Frank- not the doctor.

Not the good doctor, but rather his

creation.