The Case for Selling SpaceX Stock Before its December Lock-Up Expiration September 25, 2026 — 10:35 pm EDT
Written by Reuben Gregg Brewer for The Motley Fool
linkedin Key Points SpaceX stock opened at $150 when it IPOed, and is still right around that level.
That's not shocking since more shares will likely hit the market through the end of the year.
10 stocks we like better than Space Exploration Technologies › The initial public offering (IPO) of Space Exploration Technologies (NASDAQ: SPCX) was a worldwide spectacle. The anticipation was intense as Elon Musk sold shares in the company to the public for the first time. SpaceX, as the company is more commonly known, raised $75 billion from the IPO, with the underwriter's overallotment bringing the total to more than $85 billion. A lot of insiders got rich, but there's a catch that could keep the stock rangebound through at least December. Here's what you need to know.
How much does a share of SpaceX go for? The IPO price for SpaceX was $135. But when the shares opened, the stock started trading at $150. Given all the excitement around the company's IPO, it isn't surprising that the stock quickly jumped, peaking at just over $200 p...