Wake Up, SpaceX Shareholders: Up to $47 Billion in Insider Selling Pressure Is Set to Hit the Tape Today, Sept. 9
Elon Musk’s space infrastructure and artificial intelligence (AI) company has reached its next dubious milestone.
A rare signal has emerged for SpaceX, a company valued at $1.77 trillion, comparable to Nvidia's market cap. Unlike Nvidia, SpaceX's IPO has triggered significant insider selling pressure. SpaceX's lockup period was notably shorter than usual, and insiders began selling shares as early as Aug. 6. Today, the 90-day milestone allows 319 million insider shares to be sold, potentially impacting the stock price. Despite recent AI contract wins, SpaceX remains loss-making, raising concerns about potential insider profit-taking.
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