this post was submitted on 18 Jul 2026
550 points (97.1% liked)
Technology
87469 readers
3436 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Early investors are still in their lock in period.
A lot of people really dont understand this.
SpaceX got the money. Its on their balance sheet.
Everyone who bought at $135 IPO price was giving money to SpaceX.
Everyone since then is just trading shares between each other.
The real shitshow starts once insiders can sell, until that happens we wont really know what price the market will settle at.
What's a typical lock in period?
Usually around 6 months, but they pulled some shenanigans to make it shorter somehow, but i dont really know the specifics in this case.
Those shenanigans being "corruption" in this case.
I wouldn't rule out possible blackmail or extortion either.
The article says nearly 1B shares can be sold next month
For reference, of all the shares that were sold in the IPO, only 281m are able to be traded, the rest are in their own lockup periods from institutional investors. So 1b potential shares flooding the market in 1 month could increase the float by 3.56x
https://www.secform4.com/insider-trading/1181412.htm
https://www.secform4.com/filings/1181412/0001628280-26-044069.htm
This is mainly just showing a lot of option conversions / actions that happened because of the merger / IPO.
There's a small sale on the first form in March, and the 2nd form in April
How early?
I made my entry on the 8th June and sold on the 15th June expecting the crash.
(To any zealot wanting to dump on me for trying to acquire wealth for a home: Please leave out any musk bad, spacex bad etc. comments out. Not interested in those)
What topics are we allowed to bring up, my lord?
Hate the game, not the player
The big players that invested years ago. They aren't allowed to dump their stock on day 1 because of the obvious issues. But as they are allowed to sell, that increases the selling pressure as well as increasing the share pool available.
Ah I see, the pre-IPO share holders.