00:00It's Benzinga bringing Wall Street to Main Street.
00:02SpaceX shares have held above their $135 IPO price after two rounds of insider share
00:09unlocks, with a larger release approaching in September.
00:13The stock closed Tuesday at $153.47, about 32% below its June peak of $225.64, according
00:23to Benzinga Pro data.
00:25SpaceX's first unlock on August 6th made 911.5 million shares eligible for trading,
00:31but the stock rallied and finished that week at $133.11.
00:36Another 319 million shares became eligible August 20th without triggering a lasting decline.
00:42Roughly 700 million additional shares are expected to become eligible in September, with further
00:47releases scheduled through October before the full 180-day lockup expires December 8th.
00:52Elon Musk's stake remains locked until June 2027.
00:57For all things money, visit Benzinga.com.
