SpaceX Shares Steady After $100 Billion Insider Lockup Expires

SpaceX shares remained stable on Thursday following the expiration of insider lockup agreements that freed up approximately 911.5 million shares valued at around $100 billion. The massive release of previously restricted shares, which insiders were contractually prohibited from selling, had the potential to significantly impact the stock price. However, the market's measured response suggests investor confidence in the company's valuation despite the influx of tradable shares.