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SpaceX stock slips as Chinese rocket milestone and big unlock loom

1 min read
Source: Yahoo Finance
SpaceX stock slips as Chinese rocket milestone and big unlock loom
Photo: Yahoo Finance
TL;DR

SpaceX (SPCX) shares fell roughly 2.6% after hours as LandSpace’s Zhuque-3 achieved a land-based booster recovery, a Chinese milestone that narrows SpaceX’s lead in reusable rockets. The stock also faces a big unlock: about 319 million SpaceX shares become tradeable Thursday as part of a Day 70 tranche that could release around 88% of SpaceX’s 13 billion shares through 2027; additional tranches are planned in November and December, and Elon Musk’s 6.42 billion shares stay locked until 2027. Despite the unlock pressure, SpaceX remains ahead on launch cadence and Starlink revenue.

Topics:businessmarkets#markets#spacex#spcx#stock-market#unlock#zhuque-3
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  1. SpaceX stock falls after China rocket milestone, share unlock ahead  Yahoo Finance
  2. SpaceX stock in focus after China rocket milestone, share unlock ahead  Yahoo Finance
  3. China successfully recovers rocket stage on land for the first time  Dallas News
  4. Touchdown! Private Chinese rocket aces landing on 2nd-ever flight (video)  Space
  5. China becomes first to recover orbital launch rockets with 2 distinct paths  South China Morning Post

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