---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43288111.md"
description: "Why did SPCX surge so much? Because before the earnings report, the market had already accumulated a large number of short positions. On the lock-up expiration date, many who previously held stocks bought puts (or shorted on hyperliquid) after listing. After the lock-up expired, they wouldn't sell the shares (as this would incur significant taxes), but instead close out their short positions; this creates a short squeeze. In reality, with today's sophisticated financial derivatives, the selling pressure from the lock-up expiration is actually realized gradually in the early stages.$SpaceX(SPCX.US)"
datetime: "2026-08-08T02:57:34.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43288111.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43288111.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43288111.md)
author: "[不当韭菜~](https://longbridge.com/en/profiles/17860061.md)"
---

# Why did SPCX surge so much? Because before the ear…


### Related Stocks

- [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md)
- [UXSD.SG](https://longbridge.com/en/quote/UXSD.SG.md)

## Comments (7)

- **满仓spcx等暴涨 · 2026-08-08T08:00:25.000Z**: Hehe
- **malie0 · 2026-08-08T07:05:52.000Z**: If I had said that a day earlier, it would have been awesome.
- **EthanFang · 2026-08-08T05:51:20.000Z**: As long as my holdings surge significantly, I don't care what you're babbling about; making money is what matters.
- **老草 · 2026-08-08T05:17:27.000Z · 👍 1**: My understanding is that the fundamental performance in the financial report exceeded expectations, and the selling pressure after the lock-up period was not as fierce as anticipated. New positive news and analyst upgrades will trigger buying from bulls. Meanwhile, the previously highly crowded shor
- **Susie7 · 2026-08-08T05:02:38.000Z · 👍 1**: Quite interesting, bro, what you said makes a lot of sense.
- **as404 · 2026-08-08T05:02:32.000Z · 👍 2**: Hindsight is 20/20
  - **老草** (2026-08-08T05:10:13.000Z): That's also bright, hahaha