A Lot More SpaceX Shares Are About to Come Onto the Market

SpaceX's lock-up agreements will begin expiring in August, allowing pre-IPO shareholders to sell approximately 911 million shares, potentially doubling the public float to 12%. This insider selling could create downward pressure on the stock, which has already declined 47% from its $225 peak to trade below its $135 IPO price. Additional tranches of shares will be released through December, with Elon Musk and other major investors subject to a one-year lock-up.