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SpaceX Drops 4% Amid Share Supply and Valuation Concerns; AST SpaceMobile Falls 6%
Source: 247wallst.com
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SpaceX shares fell 4% to $148.13 as investors assessed a looming share unlock, a proposed $52 million stock sale by President and COO Gwynne Shotwell, and valuation concerns. The potential increase in tradable shares and sizable executive sale weighed on investor sentiment.
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moderately negative
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