According to ME News, on July 22 (UTC+8), SpaceX has begun the largest stock lock-up expiration in capital market history, with up to $116 billion in shares becoming eligible for sale next month. The restriction preventing insiders from selling up to 911.5 million shares will lift on August 6, two days after the rocket, satellite, and AI company reports its quarterly earnings for the first time. This is just the beginning—billions more shares will become tradable before the end of the year. (Source: BlockBeats)
SpaceX unlocks $116 billion in shares for market trading
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Summary
SpaceX’s upcoming share unlock could boost trading activity as 911.5 million insider shares become tradable on August 6, two days after the first quarterly earnings report. The move may increase trading volume, with billions more shares expected to enter the market by year-end.
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