02:05:00 PM UTC, 20 August 2026
SpaceX Stock Dips as $51B Share Unlock Hits Market
The SpaceX stock took a beating on August 20, as investors watched the latest share unlock. As of 11:41 a.m. ET, SPCX was valued at $130.99 on the market data, compared to $139.65 at the previous close, according to the market data.
The drop is due to the release of approximately 319 million shares as part of a staggered lockup. The tranche has been priced to sell for about $51 billion based on recent prices. This is after an earlier August unlock of over 900 million shares. Investors are keeping an eye on if the new stock comes into the picture to add additional selling pressure. Read More.
Source: https://coingape.com/spacex-stock-live-updates-today-aug-20-shares-dip-amid-51b-unlock-crash-to-75/
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