US Stock Market Movement | SpaceX (SPCX.US) Drops 8% as Massive Lock-up Expiry Approaches

According to Zhihui Finance APP, on Wednesday, SpaceX (SPCX.US) fell by 8% to $115.26. According to reports, the largest IPO in history is about to have its first post-IPO lock-up expiration. Approximately 911.5 million shares held by SpaceX insiders will be released from lock-up on August 6 (Thursday), involving a market value of about $116 billion—a scale unprecedented in the history of the US stock market.