SpaceX unlocks 911.5M insider shares, doubling free float to 11.8%

A combined 911,500,000 SpaceX (SPCX) shares held by employees and early investors become eligible for trading tomorrow. This represents approximately 43% more than the 638,900,000 shares issued at IPO. The free float will rise from 4.9% to 11.8% of outstanding shares. Increased tradable supply often exerts downward pressure on price absent proportional new demand.