Since SpaceX went public in June, Wall Street has been worried about August 6th. On the same day, the first lockdown period that restricted early investors from selling shares expires, and a large number of stocks are likely to pour into the market. As it turns out, this concern is unnecessary. Since the end of the ban period, SpaceX's stock price has soared. It has risen 35% in just five trading days, increased its market value by about 500 billion US dollars, and once again rose above the initial price of 135 US dollars. This wave of gains contrasts with the market's previous concerns about the impending wave of sell-offs. It also makes investors more optimistic that the impact of the next few rounds of lifting the ban may not be as serious as previously feared. Andrew Plum, managing partner and head of the investment committee at Loxahatchee Capital, which holds SpaceX shares, said, “We have overcome a major hurdle, that is, the unknown itself. The market often reflects a negative event ahead of time, and may even overreflect it; when something actually happens, the results are usually not as bad as previously priced or expected.”

Since SpaceX went public in June, Wall Street has been worried about August 6th. On the same day, the first lockdown period that restricted early investors from selling shares expires, and a large number of stocks are likely to pour into the market. As it turns out, this concern is unnecessary. Since the end of the ban period, SpaceX's stock price has soared. It has risen 35% in just five trading days, increased its market value by about 500 billion US dollars, and once again rose above the initial price of 135 US dollars. This wave of gains contrasts with the market's previous concerns about the impending wave of sell-offs. It also makes investors more optimistic that the impact of the next few rounds of lifting the ban may not be as serious as previously feared. Andrew Plum, managing partner and head of the investment committee at Loxahatchee Capital, which holds SpaceX shares, said, “We have overcome a major hurdle, that is, the unknown itself. The market often reflects a negative event ahead of time, and may even overreflect it; when something actually happens, the results are usually not as bad as previously priced or expected.”