CEO Grasso Global | Wall St/NYSE pedigree | CNBC Fast Money regular | Advisor to corporate boards | Keynote speaker at conferences & business roundtables
Joined May 2011
- Tweets 15,268
- Following 930
- Followers 117,473
- Likes 20,443
318 Photos and videos
Jun 17
A little clarity on the $SPCX lockup regarding supply hitting from an accelerated expiration,
so here’s how it works.
For that extra 10% to come off early, the stock has to close at or above $175.50 which is 30% over the $135 IPO on 5 of the 10 consecutive trading days heading into Q2 earnings.
And even if it gets there, it doesn’t pull the August unlock up to today.
It just takes that first window from 20% to 30% of eligible insider shares. Here’s the part that gets interesting to me.
SpaceX came public with only about 4-5% of the company actually trading. Apple’s around 99.8%,
Microsoft 99.9%,
Nvidia 96%…those names trade with the almost every share available.
So even with the bump, SPCX is working off a sliver of float next to its peers.
Just good to know as we watch the supply / demand come into play real time.
26
9
182
40,290
Jun 17
Exactly … $SPCX
When the math doesn’t match the demand the fundamentals aren’t dictating price.
SpaceX $SPCX traded 256 million shares yesterday.
The entire public float is 556 million.
So in one day, almost half of every tradable share changed hands. Bought and sold, over and over, in a few hours.
Here's why that number is absurd. SpaceX sold 555.6 million shares at $135 to raise $75 billion. That float is barely 4% of the company. Musk and insiders hold the other 96%, locked up and unable to sell.
Tiny supply. Enormous demand. Index funds that have to own it, retail that wants to, traders chasing the move.
The result is a $2 trillion company that trades like a penny stock. Up to $211 pre-market, swinging double-digit percentages between coffees.
This is what happens when you list 4% of the seventh-largest company in America and let the world fight over the scraps.
The price isn't telling you what SpaceX is worth.
It's telling you how few shares there are to buy.
10
2
55
15,760
Jun 16
Jun 16
Final Trades!
Here's what @grassosteve, @karenfinerman Dan Nathan and @guyadami are trading.
$DAL $AMZN $SMH $GDX
cnbc.com/video/2026/06/16/fi…
1
11
6,109
Jun 16
Jun 16
Big swings in $SPCX on its third day as a public company! Shares hitting as high as 17%, only to end the day 5% higher.
@guyadami Dan Nathan @grassosteve and @karenfinerman on if the tech pain is related and market action.
cnbc.com/video/2026/06/16/fa…
4
1
23
7,274
Jun 15
I said there's a very narrow window for the stock to be sold off before the index math starts rolling. Today it looked as if people are getting ahead of that.
Jun 15
Friday evening i swear you said lower the next 10 days ……. Am I wrong ?
3
35
13,650
Jun 15
I don’t expect a straight path up. But the index adds have a very interesting dynamic to them the deeper I dive.
Also NO ONE IS CALLING FOR MUCH HIGHER… WHICH MEANS WE PROBABLY GO MUCH HIGHER.
$SPCX
Good point, agree the float is low which could lead to a longer upswing. Pull back is coming though, no way it just stays above these levels
13
2
58
11,085
Jun 15
Got an allocation in $SPCX on June 12th and added to it today.
We're already above $175 which starts the early unlock clock.
Everyone's worried about supply hitting the market, but MSCI, Nasdaq and Russell are all forced buyers in the next 30 days into the thinnest float in IPO history.
Supply meets a passive buyer. In the end I think the bulls and the math win.
$SPCX
28
15
293
80,247
Jun 15
Great to be up early
Jun 15
The Call Sheet: What will drive the trading day ahead?
@DivesTech @Wedbush @fundstrat @grassosteve
cnbc.com/video/2026/06/15/th…
3
12
3,508
Jun 13
5
1
30
10,235
Jun 12
Jun 12
Final trades!
Here's what @timseymour @michael_khouw @karenfinerman and @grassosteve are trading.
$XLE $ALB $NVDA $INFQ
cnbc.com/video/2026/06/12/fi…
6
6
40
8,677
Jun 12
Jun 12
$SPCX blasting off today for its IPO debut!
@karenfinerman @grassosteve @timseymour and @michael_khouw on the company's historic day, index inclusion deadlines and retail interest.
cnbc.com/video/2026/06/12/fa…
3
20
5,582
Jun 11
Except for the 77 arrests outside the garden.
Jun 11
Sports, the last thing that still brings us together.
6
2
39
6,132
Jun 11
Sooooo true
5
3
47
7,328
Jun 11
I’ll believe this if Robert can prove he is from the future…
20
3
47
11,038
Jun 11
2-5 years max
IMHO
3
9
8,053
Jun 11
First time !
Love it. @NYSE
Jun 11
Fun to join my former NYSE colleague @grassosteve - for the first time ever on CNBC - could've debated rates with you much longer. Great seeing you!
12
6,122
Jun 11
The early bird(s)…
Jun 11
Morning Call Sheet: SpaceX fever rises as markets eye rates and risk.
Panel with: @JayWoods3 @grassosteve @Tomunderwater
$SPY $QQQ $IWM $TSLA $ORCL $XLE $TNX #SpaceXIPO
cnbc.com/video/2026/06/11/mo…
3
6
3,411
Jun 8
Keep em comin’
ethereum:native
9
4
192
20,568