Lockup Period Ends for Elon Musk's SpaceX, Releasing More Shares than IPO

A lockup period on SpaceX shares expired on Thursday, allowing company insiders to sell stock for the first time. The expiration freed up to 911.5 million shares valued at approximately $101 billion, according to reports. This volume exceeds the number of shares that would have been offered in a traditional initial public offering.

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