this post was submitted on 18 Jul 2026
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SpaceX stock drops to a new low and loses $1 trillion in value in a month (www.businessinsider.com)
submitted 2 days ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] wewbull@feddit.uk 1 points 23 hours ago

That doesn't make sense so I went and looked it up.

According to the S-1 filing of SpaceX, shareholders (which include employees with stock) can sell up to 20% of their stock starting on the second full day of trading after the company releases its first earnings report.

So each employee can sell 20% of their stock (probably options, but since they've had an "Employee Share Purchase Plan" (ESPP) some will hold actual shares). If 80% of someone's holdings are dependent on them staying at SpaceX I doubt many will leave after selling 20%.