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.
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?
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?