SpaceX Shares Slide Toward $120 as Insider Sell Off Looms
Shares of the space exploration giant have dropped nearly half their value as the market prepares for a major wave of insider selling.
coinbeat.newsSpaceX shares are currently trading near $120, a significant drop from their recent high of $225. This correction comes as the company approaches a critical period for its stock liquidity.
The selling pressure is linked to a scheduled unlock of insider shares. Starting August 6, 20 percent of shares held by insiders will become eligible for trading. This move follows the release of the company's second quarter earnings report.
Investors are keeping a close watch on the situation, as more shares will become available for sale in phases through December 2026. Market participants are now gauging how this increased supply will affect the price of the stock in the coming months.
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