TradingKey – August 6 was the big day, but the predicted market crash did not materialize. The first post-IPO lockup of SpaceX (SPCX) provided an opportunity for the public sale of approximately $100 billion of 911.5 million shares, which insiders wished to sell. This more than doubled the float. Trading opened with the stock already at an all-time low of $105, but shares were bought before closing, posting a gain of 2.6%. The current price of $114 is below the IPO price of $135 and also 50% below the stock’s price of $135 in June. The trading of shares after an IPO is called a float, and SPCX shares have not collided with the market. The float has stabilized, but several more lockup periods are expected before this occurs again.