- SpaceX stock declined by more than 5% on Tuesday as traders prepared for the company's upcoming earnings report and subsequent share lock-up expiration.
- Nearly 1 billion shares will become eligible for sale on August 6, with an additional 6.4 billion shares expected to unlock over the course of the next year.
Quotes
“This monetizes the expected step-up in selling after the first lock-up expiration and the market’s tendency to reprice ahead of known supply events.”
“nearly 1B shares becoming eligible to sell two days after the Aug 4 earnings, with more than 6.4B shares over the next year”