◆ NeutralSPCX
SpaceX's First Lockup Expired Last Week. Why Didn't the Stock Crash?
The Motley Fool·
SpaceX's first lockup expiration on Aug. 6 released 911.5 million insider shares for potential sale, but the stock did not crash as anticipated. Instead, trading volume surged to 255 million shares—the highest since the IPO in mid-June. Insiders may have held back due to recent price declines, while investors likely bought in anticipation of a market bottom. However, the stock remains highly volatile and unprofitable, presenting significant risks for investors.
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