@Oyster哥
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生蚝哥Oyster
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BullishOn August 7, market data showed that SpaceX withstood the pressure from a massive share unlock, and the share price surged more than 6% against the trend. The total market value returned to the $1.5 trillion mark, with the current price at $114.92.
Driven by the leading company, a number of space-related stocks rebounded in sync: Redwire (RDW) jumped 10.35%, Rocket Lab (RKLB) rose 1.14%, and Virgin Galactic (SPCE) closed up 1.38%.
On Thursday, SpaceX faced a share unlock of as many as 911.5 million shares. The number already exceeds 140% of the current publicly available float. In the short term, this is likely to amplify price volatility. The market has issued warnings that by the end of this year, a combined total of more than 4 billion shares are expected to become tradeable. This may continue to create potential selling pressure going forward. Even so, capital is still actively weighing and trading SpaceX’s long-term fundamentals.
#spacex
Driven by the leading company, a number of space-related stocks rebounded in sync: Redwire (RDW) jumped 10.35%, Rocket Lab (RKLB) rose 1.14%, and Virgin Galactic (SPCE) closed up 1.38%.
On Thursday, SpaceX faced a share unlock of as many as 911.5 million shares. The number already exceeds 140% of the current publicly available float. In the short term, this is likely to amplify price volatility. The market has issued warnings that by the end of this year, a combined total of more than 4 billion shares are expected to become tradeable. This may continue to create potential selling pressure going forward. Even so, capital is still actively weighing and trading SpaceX’s long-term fundamentals.
#spacex
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