SpaceX investors advised to watch insider stock unlock schedule following record IPO
SPCX Space Exploration Technologies Corp
$152.16 -2.80%
View chart & analysis → - 1SpaceX raised $85.7 billion through its IPO, nearly three times the amount raised by previous record holder Saudi Aramco.
- 2Elon Musk is prohibited from selling shares for 366 days after listing, but other early insiders will become eligible to sell sooner.
- 3On October 26, 319 million shares held by insiders eligible for early release will become available for sale.
So what's the key point?
SpaceX raised a massive amount of money through its record-breaking IPO. Investors should be careful because insiders will be able to sell their shares starting October 26.
Source The Motley Fool +1 · View original ↗
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