◆ NeutralSPCX

SpaceX's First Lockup Expired Last Week. Why Didn't the Stock Crash?

The Motley Fool·
SpaceX's First Lockup Expired Last Week. Why Didn't the Stock Crash?

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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