SpaceX to unlock up to $101B of stock in record share supply increase
SpaceX is set to unlock up to $101 billion of stock, more than doubling its outstanding shares, in what is described as the biggest single-day increase in share supply for one company ever. The unlock will boost the free float from 4.9% to 11.8% of outstanding shares.
Detected & updated continuously · Source: Nebula
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@puckrin
Tomorrow SpaceX sets a record: the biggest single-day increase in share supply for one company, ever. It unlocks up to $101B of stock - more than DOUBLING its outstanding shares. It's landing with the stock down 16% from IPO and with 35% short interest. https://t.co/N7z1jVWEUX
@business
Investors hanging onto SpaceX shares after a plunge below their IPO price are bracing for the next potential hit, when $101 billion worth of stock becomes available for trading on Thursday. https://t.co/r7CtSJn6Xz
@coinbureau
🚨BREAKING: Nearly 1 BILLION SpaceX shares held by employees and early investors become eligible to trade tomorrow. The unlock will boost SpaceX's free float from 4.9% to 11.8% of outstanding shares, 43% more than shares issued at IPO.
@CoinMarketCap
HOT TOPIC: SpaceX set to unlock $100B 👀 911.5M $SPCX shares hit the float tomorrow. Meanwhile bitcoin:native sits at $64K. Even 1% of that money rotating in would mean a billion dollars of fresh spot demand. Rotation or cash out? 👇 https://t.co/NgblRaPQ6d https://t.co/jYbquZAHGp