SpaceX unlocks more than 900M shares, boosting float and market implications
TL;DR
More than 911.5 million SpaceX Class A shares will unlock Thursday, doubling the publicly tradable float since the IPO and potentially weighing on the stock after earnings showed larger AI-related capex; the stock closed around $108.27 amid a recent decline. The larger float could raise SpaceX’s weighting in the Nasdaq-100 to above 3.5% after the September rebalance, depending on performance. Musk’s Class B shares remain locked for a year, delaying potential sales.
- More than 900 million SpaceX shares unlock today. Here’s what to know cnn.com
- SpaceX Investors Brace for Volatility as Insider Stock Hits Market WSJ
- SpaceX’s first earnings reveal the cost of becoming an AI giant: Chart of the Day Yahoo Finance
- Investors are having doubts about Elon Musk’s grandiose ambitions The Economist
- SpaceX, we have another problem: A $116 billion share unlock starts today Business Insider
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