SpaceX Stock Climbs as Tradeable Shares Double
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- SpaceX stock climbs as shares available for trading more than double, per Reuters' headline.
- CNBC's headline warns the first batch of shares unlocking since IPO could face further pressure, while WSJ credits 'true believers' for pushing shares past the lockup despite the stock being 'cut in half.'
Why it matters: A lockup expiration that more than doubles the tradeable float is typically a supply-pressure event, but Reuters reports the stock is climbing anyway — a paradox that places the post-IPO gravity CNBC warned about directly at odds with the retail bid visible across the coverage.
