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Ipo Price

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SpaceX shares wobble as 319 million unlock hits the float
finance12 days ago

SpaceX shares wobble as 319 million unlock hits the float

SpaceX’s SPCX stock slid back to its IPO price as about 319 million shares unlocked, boosting the public float; this unlock is part of a staggered 13‑billion‑share float with roughly 88% set to unlock through 2027, after an earlier 911.5 million‑share unlock in August. A larger 1.3‑billion‑share tranche is expected around SpaceX’s Q3 earnings in November, followed by a 180‑day expiry in December; Elon Musk’s 6.42 billion shares remain locked until June 2027. Separately, Cognition takeover talks were denied by Cognition and Musk, while Deutsche Bank remained bullish on SpaceX’s Cursor acquisition completed earlier, seen as adding scale and data leverage for the firm.

via Yahoo Finance|
#elon-musk#finance#ipo-price
SpaceX Short-Sellers Lock in $3.88B as SPCX Falls Below IPO Price
markets1 month ago

SpaceX Short-Sellers Lock in $3.88B as SPCX Falls Below IPO Price

SpaceX’s newly public SPCX tumbled toward its $135 IPO price, with short-sellers racking up about $3.88 billion in paper profits as shares slid to as low as $132.15. About 181 million SPCX shares (roughly 28% of the float) have been sold short, per S3 Partners, with investors adding nearly 37 million shares last week (~$5 billion) to short positions. The decline has wiped out a large portion of SpaceX’s value, and the company is also eyeing its 13th Starship test flight and its first quarterly earnings—events that could bring lockup expirations and more tradable shares, keeping volatility high as the IPO-period dynamics play out.

via Yahoo Finance|
#ipo-price#markets#short-sellers