SpaceX reported its first earnings as a public company yesterday.
Revenue came in at $7.8B, well above estimates. The stock still sold off after hours.
And now tomorrow, up to 911.5M shares held by employees and early investors become eligible to trade.
That's more than the roughly 639M shares sold in the IPO.
Obviously, that doesn't mean everyone is going to sell. A lot of insiders may hold and demand could absorb whatever comes out.
But less than 5% of the company was initially available to trade. That scarcity was a big part of the setup, and now it starts changing.
The earnings were good. I'm just not sure the earnings are what matters most this week.
Full unlock timeline:
[https://finbold.com/here-is-the-spacex-share-unlock-timeline/](https://finbold.com/here-is-the-spacex-share-unlock-timeline/)
Anyone here buying before the unlock, or waiting to see what happens once the float gets bigger?
