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Wake Up, SpaceX Shareholders: Up to $47 Billion in Insider Selling Pressure Is Set to Hit the Tape Today, Sept. 9

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Core Development: Wake Up, SpaceX Shareholders: Up to $47 Billion in Insider Selling Pressure Is Set to Hit the Tape Today, Sept. 9
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On June 12, Elon Musk's Space Exploration Technologies (SpaceX) (NASDAQ:SPCX) burst onto the scene with the largest initial public offering (IPO) in Wall Street's storied history. SpaceX priced its shares at $135, giving the company an initial valuation of $1.77 trillion, and raised a record $85.7 billion from its IPO, including the underwriters' overallotment.

Nearly three months later, SpaceX is set to make history yet again -- albeit the dubious kind.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

When private companies go public, they announce a lockup period that prevents their insiders, consisting of high-ranking executives, board members, and early investors, from selling shares shortly after the IPO and capitalizing on IPO/retail investor buzz. Commonly, insiders are prohibited from selling their shares for the first 180 calendar days after the IPO.

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