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SpaceX's Staggered Unlock Floods Market With 6 Billion Shares Before Musk Can Sell

SpaceX's post-IPO lockup structure is unlike anything public markets have seen. Rather than a single 180-day cliff, the company designed a rolling release of ro…

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Farrsal · News for a Smarter Tomorrow
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SpaceX's Staggered Unlock Floods Market With 6 Billion Shares Before Musk Can Sell
Article image: SpaceX's Staggered Unlock Floods Market With 6 Billion Shares Before Musk Can Sell

Article Highlights

Excerpts from the article

  • SpaceX's post-IPO lockup structure is unlike anything public markets have seen. Rather than a single 180-day cliff, the company designed a rolling…
  • The first and largest tranche arrived on August 6, when 911.5 million Class A shares became eligible for sale. That block alone represented a 143%…
  • The next test arrives Thursday, August 20, when approximately 320 million additional shares unlock. At Friday's close of $136.71, that tranche…

The central question now is whether the market can continue absorbing each tranche without breaking support near the $135 IPO price, or whether the cumulative weight of billions of eligible shares eventually overwhelms the bid.

Sources: Source 1 · Source 2 · Source 3 · Source 4 · Source 5 · Source 6

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