SpaceX Faces First Insider Share Unlock As Early Investors Weigh Cashing Out After Post-IPO Slump

More than 911 million shares become eligible for sale as options traders bet the stock may be nearing a bottom despite a sharp decline from June peak

Early investors in SpaceX had their first opportunity on Thursday to sell portions of their holdings following the expiration of the company’s initial IPO lock-up period, a closely watched milestone that could test investor appetite for a stock that has lost more than half its value since its post-listing peak.

The expiration makes approximately 911 million shares eligible for trading, equivalent to about 7% of the company’s outstanding shares. The newly unlocked shares exceed the 639 million shares sold in SpaceX’s record-setting initial public offering, raising the prospect of a meaningful increase in market supply even if only a fraction of investors choose to sell….Read Full Article