Ahead of earnings and the expiration of lockups, Elon Musk's power to drive investor excitement is already fading.
Add Axios as your preferred source to
see more of our stories on Google.
Illustration: Aïda Amer/Axios. Stock: Getty Images
Elon Musk's galactic AI rocket-social media company faces two big tests this week: reporting its first financials as a public company and potentially coping with a flood of unlocked stock.
Why it matters: Investors aren't exactly eager to scoop up shares. Judging by the SpaceX stock price, Musk's power to drive investor excitement is already fading.
With three massive deals expected this year, investors are watching for signs that retail money may be stretched thin.
The IPO, expected next month, would signal the start of a new AI era for the public markets.
SpaceX's stock is too far below a key IPO threshold to trigger an extra 456 million-share lock-up release, leaving only the Aug.…
The company's IPO hinges on investor confidence in staggering future growth.
Elon Musk fans have never had so many opportunities to hear from the man. On Tuesday, his newly public SpaceX will deliver its…
The first restrictions on selling the shares — known as lockups — are set to be lifted in less than a month.
SpaceX Stock Faces Most Dangerous Moment Since IPO — Earnings and $100B Unlock Collide - SpaceX (NASDAQ:S
