SpaceX shares slip as lockup expiry adds to post-IPO woes

SpaceX shares fell on Thursday as investors positioned for a potential wave of insider stock sales, which they expect could add incremental selling pressure to an already volatile post-listing period. The move appears driven more by near-term supply/demand concerns than by any newly reported operating result.

Analysis

SpaceX shares fell on Thursday as investors positioned for a potential wave of insider stock sales, which they expect could add incremental selling pressure to an already volatile post-listing period. The move appears driven more by near-term supply/demand concerns than by any newly reported operating result.