Over 900 million SpaceX shares now unlocked from early employees.
20 segments
total of 911.5 million shares of SpaceX
held by employees and early investors
become eligible to trade. That equates
to about 43% more than the uh 638.9
million shares issued at the IPO.
SpaceX's free float or the number of
shares available to trade each day is
set to increase from 4.9% to 11.8% of
outstanding shares.
>> I think actually this is a great moment
for early employees who have built the
most valuable private company in
history. this gives them access to, you
know, liquidity and I think some of them
will sell. So, you got natural sellers
meeting uh long-term buyers. Think about
it. Institutions that have want to build
a position here at size literally have
not been able to do that because there
hasn't been enough floats.
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SpaceX is set to see a significant increase in its tradable share pool as 911.5 million shares held by employees and early investors become eligible for trading, effectively raising the company's free float from 4.9% to 11.8%.
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