Gary Black Says Retail Investors Buying the SpaceX Stock Dip 'Makes No Sense' as Float Set To Double on Thursday
Gary Black questioned retail investors buying the SpaceX dip, saying they are overlooking a share unlock that could double the public float.
SpaceX is about to release a bunch of new shares that are held by insiders, which will make the total number of shares for sale to regular people roughly double. When there are way more shares available, each share's piece of the company gets smaller, which is something to watch for.
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