SpaceX Shares Steady After $100 Billion Insider Lockup Expires

SpaceX shares were steady as investors processed the release of as many as 911.5 million shares worth about $100 billion from insider lock-up agreements. The potential for increased selling pressure introduces a near-term overhang, even though the stock did not react materially on Thursday.

Analysis

SpaceX shares were steady as investors processed the release of as many as 911.5 million shares worth about $100 billion from insider lock-up agreements. The potential for increased selling pressure introduces a near-term overhang, even though the stock did not react materially on Thursday.