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SpaceX insiders can begin selling shares as first lockup ends

Reported · Written up by our desk · Equities

The New York Times Business reports that employees and other insiders at Elon Musk’s rocket company will be released from their first stock lockup on Thursday, allowing them to start selling some of their shares.

The end of the lockup can increase potential share supply from insiders as previously restricted stock becomes eligible for sale, according to the report.

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Sources

NYT BusinessSpaceX’s Stock Lockup Is Expiring. Prepare for a Bumpy Ride.

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