# Direxion

Type: Company

Source: Space & Defense Intelligence Brief — https://getspacebrief.com/entity/direxion
Canonical HTML page: https://getspacebrief.com/entity/direxion

## Timeline

- **2026-08-06**: Lockup Expiry — Up to 911.5 million previously restricted shares become tradable; stock rebounds 6% to $114.92.
- **2026-08-05**: All-Time Low — SPCX shares plunge 14% to close at $108.27, the second-worst single-day performance on record and an all-time low.
- **2026-08-04**: Earnings Shock — SpaceX reports quarterly earnings revealing larger-than-expected capital expenditures on artificial intelligence.
- **2026-06**: SpaceX IPO — SpaceX sells 640 million shares, representing less than 5% of total shares, in a record-breaking initial public offering.

## Recent coverage (1 stories)

### SpaceX Unlocks 900M+ Shares: How a 12% Public Float Tests Space Ambitions
2026-08-08 04:32:08 · Sentiment: Neutral · Impact: 7/10 · Sources: 2

The unlocking of 911.5 million SpaceX shares arrives as the company navigates AI investment shock and stock volatility, raising questions about capital availability for its space and defense programs.
Full story: https://getspacebrief.com/story/spacex-lockup-space-test

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