SpaceX’s first post-IPO lockup period ends, allowing insiders to begin selling shares publicly as a scheduled restriction expires on Thursday. Multiple outlets report that up to about 911.5 million shares—worth roughly $100 billion to $101 billion—become eligible to trade, marking the first large “share unlock” following the company’s listing.
Market coverage is mixed on how investors react. Bloomberg reports the stock is steady as investors digest the unlock, while other outlets describe strength or volatility around the event. NDTV and Moneyweb say shares rise in the days around the expiration, including sharp short-term gains, while Bloomberg - Technology notes that despite initial fears, the shares add value. Breitbart frames the unlocking as likely to create selling pressure. Financial Post suggests the behavior differs from other stocks, and Yahoo Finance links the timing to additional market catalysts, including reported rocket-related news from China.
