SpaceX shares slip as another 319 million come up for sale

SpaceX Corp shares moved lower in pre-market trading as a substantial block of insider equity approached eligibility for sale. Approximately 319 million shares held by company employees and early investors were set to become tradeable on 20 August, following the completion of post-flotation lock-up restrictions.
The stock was quoted down 2.5% before the opening bell in New York, marking a sharp reversal from the previous session when shares had gained almost 6%. That advance had been driven by