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SpaceX Shares Rise Despite Insider Lockup Expiry

SpaceX shares have risen despite the expiration of a $100 billion insider lockup, which allowed employees to sell their stock. The market had anticipated a potential selloff, but the stock remained steady or climbed.

6 Aug, 05:46 — 6 Aug, 17:29
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Sources

Showing 6 of 8 sources
BBCHigh4h ago

Employees make plans for a windfall as SpaceX shares are unlocked

SpaceX's shares are unlocked Thursday, and some early employees could see a massive windfall. The BBC's Samira Hussain explains.

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bloombergHigh5h ago

SpaceX Shares Steady After $100 Billion Insider Lockup Expires

SpaceX shares held steady on Thursday as investors digested the release of as many as 911.5 million shares worth about $100 billion from lock-up agreements that had prevented insiders from selling them.

By Carmen Reinicke and Bailey Lipschultz

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cnbcMostly Factual7h ago

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.

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YahooMostly Factual1h ago

SpaceX shares rise despite release of locked-up shares

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seeking-alphaMixed13h ago

SpaceX float more than doubles as 140%-of-float share unlock begins

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zerohedgeLow7h ago

"In Uncharted Waters": The SpaceX Lockup Expiration Begins

"In Uncharted Waters": The SpaceX Lockup Expiration Begins SpaceX shares are hovering near record lows after the company's first earnings report as a publicly traded company beat expectations. However, as we noted Tuesday, Thursday's first lockup expiration is likely the more significant near-term catalyst than earnings. The first insider share lockup expires today and more than doubles the float from about 639 million to 1.55 billion. That means about 911.5 million shares of n...

By Tyler Durden

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