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$SPCX nearly 100 billion unlocks but rises instead of falling, where does SpaceX's hardcore confidence come from?
The first batch of massive SpaceX unlocks has landed. This unlock scale reaches 911.5 million shares, corresponding to a market value of nearly 100 billion USD.
And the result? The stock price not only didn't fall but closed with a 6.14% increase.
This surge is half due to "panic being cashed in early," and the other half probably because shorts covered their positions, "carrying the bulls on their shoulders."
But don't get too happy too soon; there is still more to come, and the selling pressure will come in stages:
Starting August 21, 3% will unlock every two weeks; during the Q3 earnings report, another 13% will be released; and the largest 46% stake held by Musk won't unlock until June 2027.
However, it must be said that retail funds are really "hardcore." Despite the massive unlock, SpaceX is still the fourth most popular stock on the Robinhood platform, with popularity only behind Nvidia, Tesla, and Apple. The faith of its believers is truly no joke.
#AIMemoryBullTest #FedHawksVsWeakJobs #SpaceXUnlockRebound
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