SPCX short sellers, watch out. Compared with other trillion-dollar market-cap stocks with high liquidity (95%+), SPCX’s initial IPO float was 555.6 million shares (about 4.3% of the total shares). Although its market cap has now grown to 2.5 trillion, 95.7% is locked up—85.1% is locked for 1 year by Elon Musk and key investors, and the remaining shares will only be released in a staggered manner after the Q2 earnings report. At today’s price, the truly tradable circulating market value is only a bit over 100 billion.

SPCX-2.80%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
42031 views
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned