#bstockscis
🛰️ SpaceX IPO'd June 11 at $135, the largest US listing in history at a $1.75T valuation. Of roughly 13 billion total shares outstanding, only 555-639 million were actually floated at listing — call the midpoint ~600M against 13B total. That's a free float of right around 4.6% of the entire company. For every 100 shares of SpaceX that technically exist, fewer than 5 could legally trade on day one. Does that sound like a stable setup to you, or a crash waiting for a trigger? 🤔
This month, one lockup tranche released: 900M+ shares unlocked in a single event. 🔓 Compare that to the ~600M that was tradeable before — the unlock added roughly 150% on top of existing float, more than doubling total tradeable supply overnight. 📊 The stock had already posted its second-worst day on record just before that, falling almost 14% to an all-time low of $108.27, down nearly 20% from the $161 first-day close. Then the unlock landed and SPCXB rose 6%, once the market started pricing in real supply instead of trading against one of the thinnest floats of any large listing in memory. 🎢
As of August 10, $SPCXB closed back above $135 — the IPO price — for the first time since the crash. Not a new high. Just a full round trip back to where the story started.
Did you catch this move, or did the float mechanics behind it catch you off guard the way they caught most people?
@BinanceCIS $SPCXB #bStocksCIS
🛰️ SpaceX IPO'd June 11 at $135, the largest US listing in history at a $1.75T valuation. Of roughly 13 billion total shares outstanding, only 555-639 million were actually floated at listing — call the midpoint ~600M against 13B total. That's a free float of right around 4.6% of the entire company. For every 100 shares of SpaceX that technically exist, fewer than 5 could legally trade on day one. Does that sound like a stable setup to you, or a crash waiting for a trigger? 🤔
This month, one lockup tranche released: 900M+ shares unlocked in a single event. 🔓 Compare that to the ~600M that was tradeable before — the unlock added roughly 150% on top of existing float, more than doubling total tradeable supply overnight. 📊 The stock had already posted its second-worst day on record just before that, falling almost 14% to an all-time low of $108.27, down nearly 20% from the $161 first-day close. Then the unlock landed and SPCXB rose 6%, once the market started pricing in real supply instead of trading against one of the thinnest floats of any large listing in memory. 🎢
As of August 10, $SPCXB closed back above $135 — the IPO price — for the first time since the crash. Not a new high. Just a full round trip back to where the story started.
Did you catch this move, or did the float mechanics behind it catch you off guard the way they caught most people?
@BinanceCIS $SPCXB #bStocksCIS
