The Retail Investor Fleecing Marches On: Another 319 Million SpaceX Shares Unlock Today, Sept. 24

Key Points Space Exploration Technologies (SpaceX) reset the bar for initial public offerings (IPOs) on Wall Street. SpaceX just reached its next milestone, unlocking approximately 319 million insider shares for sale. The company’s ongoing share-unlock events and historically low post-IPO float are triggering a wealth transfer from retail investors to corporate insiders. 10 stocks we like better than Space Exploration Technologies › On June 12, Elon Musk's artificial intelligence (AI) and space infrastructure goliath, Space Exploration Technologies (better known as SpaceX) (NASDAQ:SPCX) , reset the bar for initial public offerings (IPOs) . The $85.