1 Day
Source:
Los Angeles Times
SpaceX unlocks $116B share release
SpaceX is preparing for one of the largest share unlocks in history, with up to $116 billion worth of stock becoming eligible for sale next month. Restrictions on insider sales will lift on August 6, shortly after the company reports quarterly results, potentially releasing billions of shares into the market. This could lead to increased selling pressure, especially as many early investors and insiders seek to capitalize on gains from the company's recent valuation boosts and IPO activity.
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