Business & Economy · 63 views
SpaceX stock could face further pressure as first batch of shares unlock since IPO
With the first tranche of SpaceX shares held by insiders unlocking, the stock could see downward pressure.
AI Summary
Early SpaceX investors will be able to sell a portion of their holdings on Thursday when initial lock‑up restrictions expire. About 911 million shares, roughly 7 % of the company’s outstanding shares, will become available for trading. This is more than the 639 million shares sold in SpaceX’s record IPO. The move could add selling pressure to a stock that is already more than 50 % below its mid‑June high.
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