Gary Gensler Foresees A 'Great Rebalancing' Once SpaceX Lockup Ends In August And Early Backers Take Profits
Former SEC chair Gary Gensler is warning of a potential market disruption he calls the 'great rebalancing' as SpaceX's IPO lockup period is set to expire in August. Speaking to Bloomberg Television, Gensler said early investors are likely to reduce their risk exposure by selling significant portions of their holdings. The anticipated wave of selling could place further downward pressure on SpaceX's already volatile post-IPO share price.
The Atomic take
There is no SpaceX IPO, no public shares, and therefore no August lockup to expire, which makes the premise here worth treating with heavy skepticism before it spreads. Musk has repeatedly said SpaceX will stay private as long as Starship and Starlink demand the capital, with Starlink the more likely candidate for any eventual public offering. Watch whether reputable outlets pick this up or whether it stays confined to aggregated wire copy, and verify any SpaceX share activity against the company's actual private tender offers rather than claims of a post-IPO price.
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