SpaceX Share Lockup Expiration and Market Volatility
SpaceX's stock lockup is set to expire, allowing insiders to trade shares. This comes after the company's stock experienced significant volatility, falling nearly 50% from its post-IPO high and dropping below its initial offering price. The release of 912 million additional shares into the market is expected to further influence the stock's price, potentially serving as a benchmark for other upcoming major tech IPOs.
By Katty Kay