SpaceX Shares Drop 2.6% as $45.4 Billion Unlock Hits Market, Matching 3.3 Days’ Trading Volume

Shares of Space Exploration Technologies Corp. dropped 2.6% to $142.36 as of 15:49 EDT on Tuesday, remaining under Monday’s closing price of $146.23, with investors bracing for a fresh post-IPO share offering.

SpaceX (NASDAQ:SPCX) launch puts Sirius XM Holdings (NASDAQ:SIRI) cash flow to the test

SpaceX drops $39 billion, leaving gains at MDA, Rocket Lab, AST SpaceMobile in the dust

Space Exploration Technologies Corp. dropped 2.2% to $136.08 late Tuesday, wiping out around $39.5 billion in equity value based on its reported base-offering share count. MDA Space Ltd., Rocket Lab USA Inc. and AST SpaceMobile Inc. all posted price gains, together adding about $2.0 billion on a similar price-move calculation. SpaceX’s equity drop finished at 19.6 times those combined gains.
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