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The Economic Times
The Economic Times
Business
Anupam Nagar

Market Test: Can SpaceX sustain gains after the share unlock?

SpaceX IPO

SpaceX rebounds despite share unlock

SpaceX shares climbed about 6% on Thursday after more than 900 million shares became eligible for trading following the expiry of the company's first post-IPO lockup. The stock recovered after a sharp selloff ahead of the event, as investors had been bracing for heavy insider selling. The lockup expiry more than doubled the number of publicly tradable shares, making it one of the biggest tests for investor confidence since the company's record-breaking IPO. (Sources: Reuters, CNN)

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