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SpaceX Unlocks 319M Shares on Sept 9 as Stock Falls 3.86% to $147.55
According to Maeil Business, SpaceX unlocked 319 million restricted shares on September 9, with the stock falling 3.86% to $147.55 on Nasdaq. The company has 11.3 billion shares remaining to be released over 12 tranches through June 2027, roughly seven times the amount already freed and 17 times the IPO offering size. Early investors face incentives to sell at a profit, with analyst Nicholas Owens from Morningstar predicting selling pressure. However, JPMorgan's strategy team noted that passive
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