SPCX.TO is trading at CA$24.56 (+5.14%) after SpaceX shares rose in premarket trading as investors reassessed the approaching August 20 unlock of roughly 320 million restricted shares.
- The move appears to reflect speculative buying and positioning before the estimated CA$45.5 billion supply event.
- Broader markets were nearly flat, while technology futures were modestly higher, indicating a predominantly SpaceX-specific catalyst.
- The upcoming unlock remains the clearest explanation for SPCX.TO’s sharp opening-session gain, despite potential dilution and selling pressure.