The massive unlocking of SpaceX is approaching, with over 100 billions USD worth of shares set to become tradable.
According to BlockBeats, on July 22, Bloomberg reported that SpaceX has initiated one of the largest stock lockup expirations in capital market history, with shares worth up to $116 billion becoming eligible for sale for the first time next month.
The restriction preventing certain insiders from selling as many as 911.5 million shares will be lifted on August 6, just two days after this rocket, satellite, and artificial intelligence company announces its quarterly earnings for the first time. This is only the beginning, as billions more shares will become tradable by the end of this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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