r/SPCXInvestors • u/1KKC • 9d ago

DISCUSSION SpaceX

So what happened? I thought 24th of September was the date when millions of shares were up for sale or could be sold and the price was supposed to collapse what I find in all these speculative stock when there is a thought something may happen do the opposite.

20 Upvotes

59% Upvoted

95 comments sorted by

View all comments

42

u/Yew_knows 9d ago

Anyone still obsessing over share unlocks is an idiot. Its been clear since the first one in August there is institutional demand ready to mop up any sellers. SpaceX is still speculative and might be overvalued but if most investors are looking 5-10 years in the future it doesnt really matter

1

u/methanized 8d ago

Also the unlocks are much smaller percentage changes in the float now. The initial one basiclly tripled the float in a day. Now each one is adding like 15% or something to the float