SpaceX Shares Steady After $100 Billion Insider Lockup Expires

SpaceX shares remained steady on Thursday following the expiration of insider lock-up agreements. This event released up to 911.5 million shares, valued at approximately $100 billion, which had previously prevented insiders from selling. Despite the significant volume of shares entering the market, the stock bucked higher as investors processed the news. The market response indicates stability for SpaceX as it manages the transition of these substantial holdings into the open trading environment.