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SpaceX Lockup Tests the Elon Trade
SpaceX is facing another public market test as early investors gain the ability to sell more shares, but the stock’s biggest pressure may have already arrived before the lockup expired.
Chuck Zodda and Mike Armstrong break down how SpaceX’s rolling lockup expiration works, why IPO lockups often pressure stocks before shares become available, and what the company’s expanding public float could mean for future trading. They also discuss the risks of investing in pre-IPO shares through special purpose vehicles, including a Wall Street Journal report about an investor who thought he owned SpaceX…
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