Business · 8h ago
SpaceX Selloff Signals Trouble Ahead of Lockup Expiry
SpaceX shares are selling off ahead of a lockup expiry, raising concerns about further declines. Analysts remain bullish due to Starlink's profitability, but the selloff suggests investor jitters. The lockup expiration could flood the market with additional shares, pressuring prices.
Meridian48 take
The selloff may be a more reliable signal than analyst optimism, given SpaceX's opaque valuation and the looming supply of shares.
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