FOR IMMEDIATE RELEASE: Aug. 5, 2026
CONTACT: Max Karlin, (703) 276-3255 or mkarlin@hastingsgroupmedia.com
$1,000,000,000,000 LOST: ALLIANCE TO PROTECT SHAREHOLDER VALUE RELEASES STATEMENT ON SPACEX EARNINGS, STOCK LOCK-UP EXPIRATION, IMPACTS FOR EVERYDAY INVESTORS
WASHINGTON, DC – The Alliance to Protect Shareholder Value released a new statement regarding SpaceX’s first quarterly earnings report and impending stock lock-up expiration. Since SpaceX’s IPO documents became public, the Alliance has continued to call out the company’s dangerous and unprecedented attempts to gut shareholder protections and shield itself from accountability.
The Alliance to Protect Shareholder Value issued the following statement:
SpaceX stock has lost over a trillion dollars in value since hitting the market, and the company’s new earnings report has done little to inspire fresh confidence as its stock price continues to fall. The expiration of its first stock lock-up could drive prices down even further, when early investors and insiders are permitted to sell off their holdings.
Index providers should take note of the massive investor losses that have already been sustained – a major portion of which has been suffered by passive investors who are now exposed to risks they never agreed to – and reconsider new ‘fast track’ rules allowing large companies like SpaceX to bypass traditional waiting periods.
While SpaceX’s stock slide is dragging down its shareholders’ portfolios, its governing corporate documents have expended great effort to try to leave shareholders with no meaningful way to hold SpaceX and its leadership accountable, given the company’s dangerous and unprecedented attacks on shareholder protections through forced arbitration, a class action waiver, and severe limits on derivative actions. These governance issues don’t just affect SpaceX’s investors but also threaten to degrade the fundamental integrity of our markets through the normalization of corporations seeking to decimate transparency and accountability.
The Alliance, which is led by Americans for Financial Reform (AFR), the Consumer Federation of America (CFA), the Healthy Markets Association, and the American Association for Justice (AAJ), also launched a tool for retirement savers and investors to contact major financial institutions to voice their concerns over SpaceX. Over 3,000 emails have been sent since June.
###
ABOUT
Led by Americans for Financial Reform (AFR), the Consumer Federation of America (CFA), the Healthy Markets Association, and the American Association for Justice (AAJ), the Alliance to Protect Shareholder Value is a coalition of investors and advocates committed to reversing the SEC’s radical forced shareholder arbitration policy change, which allows corporations to compel shareholder claims into private, compulsory arbitration. Learn more at www.protectshareholdervalue.org.