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Why Didn't a $100 Billion Lockup Expiration Crash SpaceX Stock? 3 Numbers That Explain Its 10% Rally.
['Rich Duprey', 'Mon', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
Wall Street loves a good doomsday number, and $100 billion is about as good as it gets.
Lockup expirations have sunk plenty of high-profile initial public offerings (IPOs) before, flooding the market with new supply just as sentiment turns shaky.
Instead, SPCX stock climbed roughly 16% on Friday, Aug. 7, extending the Aug. 6 gain of 6% on heavy volume.
Let's walk through why the crash everyone penciled in never showed up — and what it tells smart investors about SpaceX stock from here.
On paper, this is the kind of supply shock that crushes a stock — more sellers, same number of buyers, lower price.