SpaceX’s post-IPO slump raises concerns ahead of lock-up expirations
SpaceX’s IPO has quickly turned into disappointment, with the company’s market value falling far below initial trading pop levels. The stock decline is tied to worries that large volumes of new shares could hit the market as rolling lock-up restrictions expire, starting soon. The backdrop also follows recent earnings-related scrutiny of Musk-led growth costs at other major tech firms and SpaceX’s latest test flight in Texas.