SpaceX Insider Lockup Expires, Unlocking $101 Billion in Shares

SpaceX insiders received their first opportunity to sell stock into the public market on Thursday, as a lockup agreement restricting insider share sales expired. The expiration freed up to 911.5 million shares, worth roughly $101 billion, for potential sale. This event marks a significant milestone for the company, which went public in a recent IPO. The lockup expiry allows early investors, employees, and other insiders to sell their holdings, potentially increasing the stock's supply and affecting its price. The stock's recent slide has reduced the value of the unlocked shares compared to earlier expectations. This development is closely watched by investors and market analysts as it could lead to increased volatility in SpaceX's stock price.