Confusion surrounds SpaceX’s next share unlock
SpaceX’s next 319 million share unlock has three published dates, but the prospectus confirms one correct answer.
SpaceX’s next 319 million share unlock has three published dates, but the prospectus confirms one correct answer.
A stock price crash canceled SpaceX insiders’ $80B bonus unlock, and almost nobody in financial media noticed.
On June 16, Amazon and SpaceX had the same market capitalization: $2.65T. Today, Amazon is twice as valuable as SpaceX.
SpaceX has shed over $1.1T since June 16, but the banks that split $500M selling its IPO still rate the stock a “buy.”
Investors lent SpaceX billions in June, and its longest-dated bonds have sunk to an effective junk-like yield of 7.5% at $0.90 on the dollar.