$SPCX volume has increased roughly 3-4x since earnings, and after the first share lock-up release.
Aug 4: 144M shares traded
Aug 5: 209M shares traded
Aug 6: 255M shares traded
Aug 7: 241M shares traded
Many people were betting against insiders and employees selling their shares, but the complete opposite happened, as expected. The stock is now hovering around the original IPO valuation ($1.75T).
Never bet against Elon or any of his companies.
Elon Musk (@elonmusk)
The survival probability of firms who maintain a significant short position in SpaceX over time is very low
— https://nitter.net/elonmusk/status/2078244138626031912#m