A significant event is occurring for SpaceX, the space and AI company founded by Elon Musk. Over 900 million shares are becoming available for trading, more than doubling the number of publicly available shares. This change is due to a scheduled lockup expiry, which allows some employees and early investors to sell their shares.

The increase in available shares may impact the stock's price, potentially driving it lower if many holders decide to sell. However, on the day of the lockup expiry, the share price rose by 6%. Further details about this development and its potential effects are available from KXXV News.

The lockup expiry follows a significant decline in the stock's value, with the share price hitting an all-time low the previous day.