Sept. 9 Marks Next SpaceX Insider Share Unlock

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โดย The Motley Fool·US·Read original
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SpaceX's next major share-unlock milestone arrives on Sept. 9, when 319 million additional insider shares become eligible for sale, part of an accelerated schedule that began after its record $85.7 billion IPO in June. The company's unique structure allows select insiders to sell shares far earlier than the typical 180-day lockup, with earlier tranches of 911.5 million and 319 million shares already unlocked in August. This latest unlock is one of several time-based milestones, with further unlocks on Sept. 24, Oct. 9, and Oct. 26. The concern is that SpaceX's float was initially less than 5% of outstanding shares, and these insider sales could flood the market, potentially swamping retail investors. The company also remains far from recurring profits and trades at a price-to-sales ratio historically associated with bubble territory.

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