U.S. Stock Market Movement | SpaceX (SPCX.US) falls nearly 5% as restricted shares are unlocked again, putting pressure on stock price
On Thursday, SpaceX (SPCX.US) fell nearly 5%, closing at $132.81.
Zhitong Finance APP reports that on Thursday, SpaceX (SPCX.US) fell nearly 5%, closing at $132.81. According to reports, on August 20, SpaceX will face its second post-listing lock-up expiration, allowing approximately 319 million insider shares to be traded starting that day. This will increase the potential supply of shares on the market, placing pressure on the stock price.
Despite the pressure from the lock-up expiration, Wall Street remains optimistic about SpaceX's long-term growth potential. The market's focus is not only on its rocket and satellite business, but also on the company's expansion into artificial intelligence and computing infrastructure sectors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Euro drifts toward the bottom of its range as US rate bets climb
Investors reportedly offering Anthropic allocation shares at premiums of up to 5% ahead of its IPO
According to reports, the trading firm JonesTrading is marketing up to $500 million worth of stock shares on behalf of some investors, at a 3% to 5% premium over the IPO issue price. This indicates that investors are already transferring their anticipated IPO allotted shares before the IPO is officially issued.
Crypto prices
More
