When SpaceX went public earlier this year, it had a rocket-launch-like trajectory that looked like it was going straight up. Since those first few days of “to the moon” hype, though, its stock price has come crashing down to Earth. Now it might be at risk of looking more like another Elon Musk-owned entity, The Boring Company—going so low that it’s literally underground. This week will see the first “lockup” period for SpaceX stockholders end, meaning employees and early investors can sell their shares.
These periods almost always lead to increased instability in a share price, but SpaceX is a special case—and not in a good way. As the New…
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