SpaceX rises 6% after more than 900 million shares are unlocked
Headline from KESQ Palm Springs, on the newest of 2 developments
By John Towfighi, CNN New York (CNN) — More than 900 million SpaceX shares unlocked Thursday, more than doubling the publicly available shares in Elon Musk’s space and AI company and testing investors’ interest in holding a stock that’s struggled since a record-breaking IPO nearly two months ago.
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Developments in this update
2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.
SpaceX's stock lockup expires today — and the shares hit a new low
Headline from Quartz ·
Newest
SpaceX rises 6% after more than 900 million shares are unlocked
SpaceX’s Aug. 6 lock-up expiration frees 911.5 million shares, expanding the float and testing how insider selling, short interest and new supply may shape the stock’s next move.
By John Towfighi, CNN New York (CNN) — More than 900 million SpaceX shares are set to unlock Thursday, more than doubling the publicly available stock in Elon Musk’s space and AI company, which has struggled since its record-breaking IPO just weeks ago.
SpaceX insiders have gained their first chance to sell stock publicly on Thursday as a lockup agreement expired, freeing up to 911.5 million shares valued at roughly $101 billion. This is likely to put pressure on the stock price of Elon Musk's rocket company as insiders cash out.
Stock in Elon Musk’s space company is rising Thursday even as many SpaceX insiders were freed up to sell for the first time. Investors have dumped SpaceX shares in recent days in anticipation of insiders possibly selling in the first…
By John Towfighi, CNN New York (CNN) — More than 900 million SpaceX shares unlocked Thursday, more than doubling the publicly available shares in Elon Musk’s space and AI company and testing investors’ interest in holding a stock that’s struggled since a record-breaking IPO nearly two months ago.
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