“In Uncharted Waters”: The SpaceX Lockup Expiration Begins SpaceX shares are hovering near record lows after the company’s first earnings report as a publicly traded company beat expectations. However, as we noted Tuesday, Thursday’s first lockup expiration is likely the more significant near-term catalyst than earnings. The first insider share lockup expires today and more than doubles the float from about 639 million to 1.55 billion. That means about 911.5 million shares of new supply are inbound for the market. HSBC analysts Nicolas Cote-Colisson and Charlie Rothbarth recently mapped out the staggered lockup-expiration schedule: SpaceX’s IPO prospectus indicated that 555,555,555… — Continue at ZeroHedge News : Read More
