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SpaceX's Bumpy Ride on the Stock Market May Get Bumpier
SpaceX employees and early investors can finally trade shares today as the company's initial post-IPO lockup period expires.
What: The expiration of the lockup agreement increases the tradable supply of SpaceX stock, which market analysts suggest could place downward pressure on the share price.
Original article
The first lockup on SpaceX shares is set to expire today. Employees and other company insiders who were prevented from trading stock after SpaceX's IPO will now be able to do so. Lockups prevent shares from flooding the market and driving down their price after an IPO. More than double the current supply that can be traded will be made available, which may further depress the price.
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