SpaceX stock falls below its US$135 IPO price
“I can’t wait to see how it responds to a successful flight,” Chad Anderson, chief executive of Space Capital and a SpaceX backer since 2017, told Reuters by text about the reaction to a precautionary abort.
He called day-to-day price action “noise against the backdrop” and framed the sell-off as a long-term entry point.
The bearish positioning also comes ahead of a lockup schedule that could sharply increase the supply of tradable stock.
SpaceX’s initial float represented only about 5 percent of its roughly 13bn shares outstanding, according to KeyBanc Capital Markets, which estimated the first major unlock, about 11 percent of shares, could arrive around the second-quarter earnings report.
Further tranches of roughly 4 percent each are slated to begin near Day 70 after the offering, KeyBanc said, while Musk’s stake of about 42 percent stays locked until June 2027.
