SpaceX's Next Share Unlock Is Coming. History Says This Is What Happens Next.
Roughly 328 million shares of SpaceX stock will become available for sale on Sept. 24. What does that mean for investors?
Overview
Space Exploration Technologies (NASDAQ: SPCX) went public in June and immediately became one of the market's biggest battleground stocks. While the company's share price has seen significant valuation swings and is down roughly 34% from its lifetime high, it has also seen strong pricing support above the $135 per share at which it was listed for its initial public offering (IPO). The stock is also currently roughly in line with the $150-per-share price at which it opened on the day of its IPO.
On the other hand, SpaceX stock is on the verge of another major lockup expiration -- an event that will make a large tranche of shares available for sale by insider owners. Here's what history says that could mean for other shareholders.
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Originally published at www.fool.com.