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It’s SpaceX Lock-Up Day. Here’s What to Know With Millions of Shares Now Eligible to Trade
SpaceX’s first lock-up expiry lands today, when more than 911 million shares will be free to trade.Credit: Photo by Kevin Carter / Getty ImagesKey TakeawaysSome investors are eyeing Thursday’s expiration of lock-up agreements that will let some SpaceX investors sell shares for the first time.That’s expected to put pressure on the stock, which is already below its IPO price. Experts, however, think some of the worries about how much pressure may be overstated.Shares of SpaceX fell yesterday after the company reported its first-ever quarterly results. Some expect them to fall even further…
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