Shares of SpaceX fell as much as 7% Thursday to $178, leaving the stock trading roughly in line with its volume-weighted average price of just under $180.
Someone more knowledgeable than me please correct me if I’m wrong but I don’t think any of the original private investors have been capable of selling anything and I don’t think they will be able to for another 30 or 60 days.
And IMO, I think Elon is thoroughly convinced that he will have another Tesla stock situation on his hand, where it generally keeps going up unreasonably for many many years.
There’s a lockup period ya. I heard they reduced the duration though, but it’s typically 6 months.
Anyone who bought at $135 the money went into SpaceX’s balance sheet.
For now, anyone buying after the $135 is buying from people who bought those $135 shares.
Mark Cuban is famous for having zero cost collared his shares that he couldn’t sell and getting out of the dotcom bubble with his money since it protected him from the downside that happened, so maybe it’s possible they’ve done that here as well?
Someone more knowledgeable than me please correct me if I’m wrong but I don’t think any of the original private investors have been capable of selling anything and I don’t think they will be able to for another 30 or 60 days.
And IMO, I think Elon is thoroughly convinced that he will have another Tesla stock situation on his hand, where it generally keeps going up unreasonably for many many years.
There’s a lockup period ya. I heard they reduced the duration though, but it’s typically 6 months.
Anyone who bought at $135 the money went into SpaceX’s balance sheet.
For now, anyone buying after the $135 is buying from people who bought those $135 shares.
Mark Cuban is famous for having zero cost collared his shares that he couldn’t sell and getting out of the dotcom bubble with his money since it protected him from the downside that happened, so maybe it’s possible they’ve done that here as well?