SpaceX Stock Falls 24% as $300 Billion in Share Unlocks Hit the Market

TLDR: Nearly 2 billion SPCX shares unlocked in October, a potential $307 billion in selling pressure. The June 2027 unlock could free over $900 billion in stock for sale at today’s share price.  SPCX fell nearly 24% from its $176.42 peak to $134.50, with the next major support at $108.  At a $1.83 trillion market [...]

The post SpaceX Stock Falls 24% as $300 Billion in Share Unlocks Hit the Market appeared first on Blockonomi.