SpaceX Stock Surges After First Lockup Expiry
SpaceX stock has surged following its first lockup expiry, with the company's valuation rallying to $500 billion. This performance comes after Elon Musk reportedly taunted short sellers.
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SpaceX Adds $500 Billion After Lockup Expiry
SpaceX shares surged 35% following the expiration of its first post-IPO lockup, adding roughly $500 billion in market value and defying fears that insider selling would weigh on the stock. Bloomberg’s Carmen Reinicke explains why more lockup expirations could bring fresh volatility. She joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Read full article →SpaceX Surges Following First Lockup Expiry After Musk Taunts Shorts
SpaceX Surges Following First Lockup Expiry After Musk Taunts Shorts SpaceX shares have jumped 35% over five sessions and 22% since Elon Musk responded to our X post on the "massive SPCX shorting," which cited S3 data. He said, "I try to warn them, but they just double down ..." The post-earnings squeeze has pushed SPCX well above its $135 initial public offering price, easing concerns that future lockup expirations could overwhelm demand, which was certainly the talk of the...
By Tyler Durden
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