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SpaceX share price crashes back to earth following results
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Latest from MoneyWeek
The initial success of SpaceX’s IPO made Musk a trillionaire, though the subsequent share price declines have brought his nominal wealth back below the threshold.
Staggering the periods at which they can sell gives the share price a chance to stabilise on the public market.
This usually sees a dip in a company’s share price as there is a sudden influx of sellers.
SpaceX shares actually rose more than 6% on 6 August.
But with more unlocks approaching in August, September and October, SpaceX’s share price could continue to fluctuate over coming weeks.