SpaceX steadies ahead of potential insider selling
SPCX•Reporting note
(Reporting by Niket Nishant in Bengaluru)
Shares rise in premarket trading after sharp drop
** SpaceX SPCX.O shares rise 1.6% premarket after 13.6% slide in previous session
** Investors brace for potential bout of insider stock sales as lockup period expiry nears
** Up to 20% of restricted shares would become eligible to be traded starting Thursday
** SPCX's high AI spending, disclosed in its maiden earnings report after going public, unnerved investors
** Stock has remained below its $135 IPO price for three weeks straight
