California Public Employees' Retirement System (CalPERS)

Money Moves

Publicly objecting to SpaceX governance ahead of IPO

SpaceX's first lockup wave freed 911.5 million insider shares on August 6, more than doubling the stock's tradable float to 11.8% of shares outstanding from 4.9%. SPCX touched a new intraday low of $105.11, below the July 28 record of $107.01. Heavy selling never showed up: shares reversed and traded higher for much of the day, at one point up as much as 6%.

Updated 4 days ago