Valerie Archibald
08-05

$SpaceX(SPCX)$ After the lockup expiry, the float will only be around 1.5B shares. The next lockup expiry only triggers if shares trade above $175 for 5 out of 10 days following earnings, and that doesn't seem likely. For reference, $NVIDIA(NVDA)$  has a float of 23B shares and $Apple(AAPL)$  has about 14.5B shares. Meanwhile, Elon holds 4.8B shares that remain locked. This means frequent short squeezes could happen as the float gets consumed by long-only funds once the lockup ends.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment