Business & Economy · 52 views
How SpaceX’s most-feared trading day turned into a 6% rally
"These are not people waiting to get their first dollar back," a former SpaceX employee told Fortune. "We've had chances over the past 10 years.
AI Summary
At 9:30 a.m. on Thursday, about 7 million SpaceX shares were traded on the Nasdaq, clearing overnight at roughly $107 per share and valuing the transaction at around $750 million. The shares involved would not normally appear on the open market. This single trade illustrated that the heavily anticipated sell‑off turned out to be far less severe, ultimately resulting in a positive market reaction.
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