Former Fidelity Manager Warns of SpaceX Share Unlock Pressures
George Noble, a former Fidelity manager, argues SpaceX is a top short as share unlocks expand supply. He says retail investors via passive index funds were pitched differently from institutions. A first unlock is underway and a second tranche of about 319M shares is due later, which he expects to weigh on the stock. After going public in early August, SpaceX reported revenue up 92% to $7.8B.