SpaceX Drops 4% Amid Share Supply and Valuation Concerns; AST SpaceMobile Falls 6%
A looming share unlock and Gwynne Shotwell’s planned $52 million sale are adding supply pressure as SpaceX stock falls 4%, traders said.
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BizTocSpaceX Drops 4% Amid Share Supply and Valuation Concerns; AST SpaceMobile Falls 6%
The post SpaceX Drops 4% Amid Share Supply and Valuation Concerns; AST SpaceMobile Falls 6% appeared first on 24/7 Wall St.. SpaceX (NASDAQ:SPCX) stock is down 4% today to $148.13 as investors weigh a looming share unlock, a proposed $52 million sale by President and COO Gwynne Shotwell, and concerns about the company’s valuation. AST SpaceMobile (NASDAQ:ASTS) stock is falling 6% to $60.08, while Rocket Lab (NASDAQ:RKLB) stock is down 2% to $70.…
SpaceX's actions retreated more than 4% just before a blockade expired that will release about 328 million titles, while Starship Flight 14 is preparing to attempt orbit with Starlink satellites and become the vehicle's first revenue-generating mission.
Why Did SpaceX Stock Fall 4% Days Before Starship's Biggest Flight?
SpaceX stock fell more than 4% on September 23, one day before a lockup expiration freed about 328 million shares for trading. The selling pressure comes ahead of Starship Flight 14, the rocket's first planned trip into Earth orbit and its first revenue-generating mission. Starship Flight 14...
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