Concerns over selling pressure following SpaceX insider stock unlock
SPCX Space Exploration Technologies Corp
$147.79 -0.11%
View chart & analysis → - 1SpaceX recorded 85.7 billion dollars raised through its IPO.
- 2On October 22, an amount of shares equal to the approximately 911.5 million insider shares eligible for early sale as of August 6 will be unlocked.
- 3Potential selling pressure from insider sales is projected to reach up to 180 billion dollars over the next three trading days.
So what's the key point?
The number of shares that SpaceX insiders are allowed to sell has reached 911.5 million shares. If these shares enter the market, it could increase selling pressure.
Source The Motley Fool +1 · View original ↗
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