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SpaceX Faces First Wave of Lockup Expiries in August; If Share Price Holds at $175.5, Selling Pressure Will Surge to 30%.

SpaceX Faces First Wave of Lockup Expiries in August; If Share Price Holds at $175.5, Selling Pressure Will Surge to 30%.

Tradingkey – SpaceX (SPCX), the largest IPO in history, successfully debuted on Nasdaq last Friday, with its shares surging up to 30% intraday before closing up 19% at $160.95, bringing its total market capitalization past $2 trillion.

On Monday, SpaceX officially disclosed that the underwriters for this IPO have fully exercised their over-allotment option, bringing the final total funds raised to $85.7 billion and continuing to break the global IPO record. The additional capital raised through the over-allotment option alone exceeds the entire offering size of most technology IPOs.

The decision by underwriters, including Goldman Sachs and Morgan Stanley, to fully exercise the option was not a routine procedural action. Instead, it was an…

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