SpaceX market cap surges $500 billion after first lockup expiry

CSCO +4.54% AMAT -2.21% BABA -1.39% CBRS -2.45% STNE +0.69% 2 more

1. 1SpaceX shares jumped 35% in just five trading sessions after the first lockup expiry on August 6
2. 2Market capitalization rose by roughly $500 billion, pushing the price back above the IPO level of $135
3. 3Expectations are growing that the company has dodged the heavy selling feared and that future lockup expiries will be less painful

Source Bloomberg · View original ↗

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