▲ 553 ▼ SpaceX Stock Plummets Below IPO Price as $1 Trillion Vanishes (townflex.com) submitted 2 months ago by stermy4u@lemmy.world to c/technology@lemmy.world 105 comments fedilink hide all child comments
[–] Sineljora@sh.itjust.works 4 points 2 months ago (1 child) The article says nearly 1B shares can be sold next month permalink fedilink source parent hideshow 1 child comment replies: [–] NotMyOldRedditName@lemmy.world 3 points 2 months ago* For reference, of all the shares that were sold in the IPO, only 281m are able to be traded, the rest are in their own lockup periods from institutional investors. So 1b potential shares flooding the market in 1 month could increase the float by 3.56x permalink fedilink source parent
[–] NotMyOldRedditName@lemmy.world 3 points 2 months ago* For reference, of all the shares that were sold in the IPO, only 281m are able to be traded, the rest are in their own lockup periods from institutional investors. So 1b potential shares flooding the market in 1 month could increase the float by 3.56x permalink fedilink source parent