BlockBeats News, August 6th, SpaceX is set to unlock up to 9.115 billion shares today, representing over 140% of the current outstanding shares, which could lead to increased short-term stock price volatility.
Previously, the company's stock price dropped by 12% after the earnings report, despite revenue exceeding expectations and the AI business unexpectedly turning a profit. Subsequent shares will also unlock on August 12th and 20 days later.
By the end of this year, it is expected that over 4 billion shares will become tradable, potentially creating sustained selling pressure on the stock price, although the market is still monitoring the company's long-term fundamentals.
Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.
- CoinsPrice24H Change