SpaceX Faces Competition Pressure as Shares From Lockups Trade
SpaceX faces renewed pressure to lead reusable rockets after China’s LandSpace successfully landed the first stage of its Zhuque-3 on its way to orbiting satellites. Separately, 319 million SpaceX shares held by senior employees and early investors become eligible to trade as a lockup ends, adding to supply; the stock fell about 5% to around $132. Another release is set for December after 180 days.