$SpaceX(SPCX.US) rose 25% over the past two days, despite the unlocking of $100 billion in stock.
9.115 billion shares became eligible for sale yesterday, approximately 1.4 times the total float.
The stock price has been rising steadily since then.
Investors often short the stock before unlocking to lock in prices, and then cover these short positions once the shares can be freely sold.
At the time of unlocking, 34% of the float was shorted.
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