SpaceX (SPCX) stock closed down for the week, falling back to its IPO price as another share unlock hit and new rocket-competition headlines hit the public float.
SpaceX shares did rise on Friday, though the stock was down over 2% for the week and had dropped below its $135 IPO price.
On Thursday, around 319 million shares held by early employees and investors became eligible to trade, part of a staggered lockup that will release about 88% of ***** eX's 13 billion shares through 2027.
The stock withstood a big unlock earlier this month. On Aug. 6, up to 911.5 million shares became tradable. The stock absorbed it and rose 6%, a massively bullish move.
The larger supply tests are still coming, with a 1.3 billion-share tranche set to unlock around ***** eX's third quarter earnings in early November, followed by the 180-day expiry in December. CEO Elon Musk's 6.42 billion shares stay locked until June 2027.
#Stock #billion #week
SpaceX shares did rise on Friday, though the stock was down over 2% for the week and had dropped below its $135 IPO price.
On Thursday, around 319 million shares held by early employees and investors became eligible to trade, part of a staggered lockup that will release about 88% of ***** eX's 13 billion shares through 2027.
The stock withstood a big unlock earlier this month. On Aug. 6, up to 911.5 million shares became tradable. The stock absorbed it and rose 6%, a massively bullish move.
The larger supply tests are still coming, with a 1.3 billion-share tranche set to unlock around ***** eX's third quarter earnings in early November, followed by the 180-day expiry in December. CEO Elon Musk's 6.42 billion shares stay locked until June 2027.
#Stock #billion #week
2 months ago
