SpaceX insiders get their first chance to cash out — but the stock's slide will limit their opportunity

Up to 911.5M SpaceX shares are set to become available for sale on Thursday, increasing potential near-term supply, while an additional tranche of up to 455.8M shares will remain locked due to the stock’s weak performance. The lockup suggests continued investor concern and may temper downside, but the overall float increase is a modest headwind for trading sentiment.

Analysis

Up to 911.5M SpaceX shares are set to become available for sale on Thursday, increasing potential near-term supply, while an additional tranche of up to 455.8M shares will remain locked due to the stock’s weak performance. The lockup suggests continued investor concern and may temper downside, but the overall float increase is a modest headwind for trading sentiment.