SpaceX unlocks 911 million shares as insider selling feeds valuation debate

SpaceX unlocked about 911 million previously restricted shares this week, increasing its tradable share count by more than 140% and nearly doubling the float after roughly 7% of its 13.09 billion outstanding shares became eligible for sale. Former engineer Andre Lavoie, who received 200,000 shares when he joined in 2009, told the BBC he plans to keep selling portions of his stake as the stock's volatility complicates personal plans, while Gary Black said the post-IPO swings and expanding float reinforced his cautious view that the company is overvalued. Bulls including Peter Diamandis and Gene Munster instead pointed to Musk's long-range revenue targets, and Musk separately said the planned Terafab facility in Grimes County, Texas, would support Optimus and SpaceX's "AI spacecraft."

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