SpaceX’s Stock Lockup Is Expiring. Prepare for a Bumpy Ride.
The New York Times • • business
Key Points:
- The first lockup period for SpaceX shares is set to expire, allowing employees and insiders to trade their stock for the first time since the company's June IPO.
- The expiration will release 912 million shares into the market, more than doubling the current tradable supply and potentially putting downward pressure on the stock price.
- Since the IPO, SpaceX’s stock has fallen nearly 50% from its peak and below its $135 offering price, raising concerns about increased volatility following the lockup expiration.
- The stock's performance post-lockup will be closely watched as an indicator for upcoming tech IPOs, including AI companies like Anthropic and OpenAI.
- Despite its $1.428 trillion market value and record-breaking IPO that made Elon Musk the first trillionaire, SpaceX faces investor skepticism and significant short-selling activity.
