SpaceX shares fell 4.2% in pre-market trading Tuesday after China‘s LandSpace successfully landed an orbital-class booster, marking the first such achievement by a Chinese private company. The drop compounds bearish sentiment ahead of an upcoming share unlock that will increase float by roughly 12 million shares. LandSpace’s Zhuque-3 rocket completed a vertical landing at the Jiuquan Satellite Launch Center on August 18, 2026. The company joins SpaceX and Blue Origin as the only entities worldwide to recover an orbital-class booster. That list just got shorter. And more crowded.
💡 Frequently Asked Questions (FAQ)
- Q: Why did SpaceX stock drop?
- A: SpaceX shares fell 4.2% in pre-market trading due to LandSpace’s successful orbital-class booster landing and an upcoming share unlock increasing float by ~12 million shares.
- Q: What did LandSpace achieve?
- A: LandSpace’s Zhuque-3 rocket completed a vertical landing at Jiuquan on August 18, 2026, becoming the first Chinese private company to recover an orbital-class booster.