◆ NeutralSPCX

Circle Your Calendars: Sept. 9 May Be a Huge Day for SpaceX and Its Shareholders

The Motley Fool·
Circle Your Calendars: Sept. 9 May Be a Huge Day for SpaceX and Its Shareholders

SpaceX's accelerated share-unlock schedule will allow 319 million early-release insider shares to become eligible for sale on Sept. 9, the 90th trading day post-IPO. The article warns that this staggered unlock structure, combined with SpaceX's artificially low float and lack of profitability, could flood the market and disadvantage retail investors. The author characterizes the IPO as potentially the 'greatest fleecing of retail investors in Wall Street's history.'

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