SpaceX founder Elon Musk addresses members of the media during a press conference announcing new developments of the Crew Dragon reusable spacecraft, at SpaceX headquarters in Hawthorne, California, Oct. 10, 2019.
Philip Pacheco | Afp | Getty Images
Early SpaceX investors will have their first chance to cash out a portion of their holdings on Thursday as initial lockup restrictions expire, potentially putting pressure on a stock that’s already more than 50% off its high from mid-June.
Just over 911 million SpaceX shares will be available for trading, representing about 7% of shares outstanding. It’s more than the 639 million shares that were sold in the company’s record IPO.
Elon Musk’s reusable rocket maker initially saw its stock price…
