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The US stock market edged back from its all-time high following the latest report on the economy to come in surprisingly weak, this time about how much shoppers are spending at retailers.
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Key PointsNearly 6 billion SpaceX shares will become eligible for sale during the next year, before Musk can sell any of his shares.
Key PointsThe transaction involved 173,148 shares sold at a weighted average price of $125.47, totaling approximately $21.7 million.
"My guess is he is preparing to offset a boatload of carried interest income. If you own a sports team, done correctly, you can get a deduction against income."
Key PointsColtharp executed the sale of 18,869 shares at a weighted average price of $125.38 per share on August 10.