SpaceX Lockup Cliff and Stock Moves | Business and Finance News

SpaceX just hit a $1.77 trillion valuation in its massive IPO, but insiders can’t cash out immediately—thanks to a complex lockup schedule. The first major chunk of shares unlocks August 6, just 55 days after the IPO, with bigger releases later in 2024 and into 2027—including Elon Musk’s entire stake. That timing, especially with the first earnings report on August 4, could trigger selling pressure and temporary price dips. Investors should tread carefully: waiting past the initial lockup cliffs may offer clearer market signals before jumping in. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/90cea1958d5c7d39