SpaceX Grand Unlocking on the Horizon as Over $100 Billion in Stock Becomes Tradable

BlockBeats News, July 22nd, according to Bloomberg, SpaceX has kicked off one of the largest stock unlocks in capital market history, with up to $116 billion worth of shares becoming eligible for sale next month.

A restriction preventing certain insiders from selling up to 911.5 million shares will expire on August 6th, just two days after the rocket, satellite, and AI company reports quarterly earnings for the first time. And this is just the beginning, as by the end of the year, tens of billions of shares will become eligible for trading.