From The Motley Fool · Sean Williams · · 50s
SpaceX Share Unlock Event
SpaceX unlocks 319 million shares today, potentially fleecing retail investors.
In brief
SpaceX unlocks 319 million shares today, potentially fleecing retail investors. SpaceX's early-release insiders sell 319 million shares today, risking retail investor losses. Originally reported by The Motley Fool.
SpaceX IPO history
SpaceX's June 12 IPO raised $85.7 billion and valued the company at $1.77 trillion.
Retail investor risk
Retail investors may pay the price for SpaceX's early investor success.
Share unlock schedule
SpaceX unlocks 911.5 million shares two days after quarterly earnings reports.
Time-based unlocks
SpaceX unlocks 319 million shares on calendar days 70, 90, 105, 120, 135, and 180.
Today's unlock event
SpaceX unlocks 319 million shares today due to calendar day 135 falling on a weekend.
Wealth transfer risk
SpaceX's share unlock events risk transferring wealth from retail investors to insiders.
The short version
SpaceX's early-release insiders sell 319 million shares today, risking retail investor losses.
