SpaceX Stock Unlock Begins Next Month; $116 Billion in Shares Set to Unlock on August 6

SPCX2.99%
According to Bloomberg, SpaceX has initiated what will be one of the largest stock unlocks in capital markets history, with $116 billion in shares gaining sellable status next month. Restrictions on insider sales of up to 911.5 million shares will be lifted on August 6, two days after the company reports quarterly earnings. Additional billions of shares are expected to unlock by year-end.
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