Shares of SpaceX fell as much as 7% Thursday to $178, leaving the stock trading roughly in line with its volume-weighted average price of just under $180.
Someone more knowledgeable than me please correct me if I’m wrong but I don’t think any of the original private investors have been capable of selling anything and I don’t think they will be able to for another 30 or 60 days.
And IMO, I think Elon is thoroughly convinced that he will have another Tesla stock situation on his hand, where it generally keeps going up unreasonably for many many years.
Someone more knowledgeable than me please correct me if I’m wrong but I don’t think any of the original private investors have been capable of selling anything and I don’t think they will be able to for another 30 or 60 days.
And IMO, I think Elon is thoroughly convinced that he will have another Tesla stock situation on his hand, where it generally keeps going up unreasonably for many many years.