Comment by sroussey
6 months ago
SpaceX does internal sales of stock twice a year, so there will not be pressure from existing stockholders to sell. But there will be buyers. SpaceX is/was a great brand (before it became SpaceTwitter).
6 months ago
SpaceX does internal sales of stock twice a year, so there will not be pressure from existing stockholders to sell. But there will be buyers. SpaceX is/was a great brand (before it became SpaceTwitter).
> so there will not be pressure from existing stockholders to sell
The IPO is structured as a massive overvaluation event specially for the insiders to unload their holdings. They're never going to get a better opportunity and they know it.
Long term SpaceX is all gravity.