SpaceX ($SPCX) crashed 51% from its peak. Charlie Bilello explains why the August lockup expiration of could tank the stock further.

Space Exploration Technologies shares are slipping Friday. HSBC initiated coverage with a Hold rating and a price target below the IPO price.

SpaceX ($SPCX) crashed 51% from its peak. Charlie Bilello explains why the August lockup expiration of could tank the stock further.