SpaceX (SPCX) Stock Falls 3.9% After Lockup Release Events
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowShares of SpaceX (NASDAQ:SPCX) decreased by 3.9% to $147.55 on Wednesday as a new batch of stock became free to trade. A total of 319 million shares held by employees and early investors were released on September 9. This followed a smaller release of 59.1 million shares by affiliates. Currently, about 17% of SpaceX’s total 13.6 billion shares are eligible for trading, with additional releases scheduled for September 24, October 9, and October 24. This is significant for investors as ongoing lockup releases may impact stock liquidity and price.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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