SpaceX Stock Rises With Millions of Shares Unlocking Today

SpaceX investors, with their heads in the clouds after a first-quarter earnings call that included trillion-dollar AI-fueled revenue projections, have to come back to Earth to deal with more mundane matters, such as trading technicalities. A huge lump of SpaceX stock is unlocking, which will likely create even more volatility for shares of Elon Musk’s rocket and AI company. SpaceX stock dropped 12% on Wednesday after reporting a very solid inaugural quarter as a publicly traded company.