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SpaceX’s Great Unlocking Begins With $116 Billion Share Release
['Bailey Lipschultz', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
(Bloomberg) -- SpaceX has set the stage for one of the largest share unlocks in capital markets history, with as much as $116 billion worth of stock becoming eligible for sale for the first time next month.
That's just the start, with billions of shares set to be freshly eligible for trading by the end of the year.
About 30% of the shares currently available for trading are being sold short, data compiled by S3 Partners show.
SpaceX was worth about $400 billion in a share sale just a year ago.
The xAI deal minted billions for investors and rewarded them with stakes in the now-public company worth multiples of their initial investments.