Elon Musk and SpaceX shrugs off the trading day Wall Street feared most
NASA library image
Image: NASA, library image. NASA’s SpaceX Crew-5 Falcon 9/Dragon Rollout to Launch Pad 39A
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SpaceX stock rallied through Thursday, the day of its first major lockup expiration since the company's June IPO, when roughly 911.5 million insider-held shares became eligible to trade. Wall Street had expected the session to pressure the stock, but the rally continued instead.
SpaceX stock did the opposite of what most of Wall Street expected this week, when the day designed to be its most dangerous turned into a rally, and the rally kept going. Thursday marked the first major lockup expiration since SpaceX’s June IPO, making roughly 911.5 million insider held shares eligible to trade for the […] The post Elon Musk and SpaceX shrugs off the trading day Wall Street feared most appeared first on TESLARATI .
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