The first batch of approximately $100 billion worth of stocks has been unlocked without triggering a sell-off. SpaceX (SPCX.US) stock price fluctuated within a narrow range, while bearish sentiment in the market remains high.

According to Zhitong Finance APP, the first batch of SpaceX's (SPCX.US) lockup shares, valued at approximately $100 billion, was officially unlocked on Thursday. However, the market responded relatively calmly, as investors began to digest the impact of the significant increase in circulating shares while also turning their attention to future rounds of even larger unlocking arrangements.