Business & Finance
SpaceX’s Great Unlocking Begins With $116 Billion Share Release
Key Points
SpaceX’s Great Unlocking Begins With $116 Billion Share Release SpaceX has set the stage for one of the largest share unlocks in capital markets history, with as much as $116 billion worth of stock becoming eligible for sale for the first time next month. Restrictions preventing some insiders from selling as many as 911.5 million shares will lift on August 6, two days after the rocket, satellite and artificial intelligence company reports quarterly results for the first time. That’s just the...
SpaceX’s Great Unlocking Begins With $116 Billion Share Release
SpaceX has set the stage for one of the largest share unlocks in capital markets history, with as much as $116 billion worth of stock becoming eligible for sale for the first time next month.
Restrictions preventing some insiders from selling as many as 911.5 million shares will lift on August 6, two days after the rocket, satellite and artificial intelligence company reports quarterly results for the first time. That’s just the start, with billions of shares set to be freshly eligible for trading by the end of the year.