Framing Analysis
More than 900 million shares became tradable Thursday after a $100 billion insider lockup expired, doubling the prior float. SpaceX shares rose 2.5 percent to $110.92 in noon trading, following a nearly 14 percent decline the previous session. The company reported $7.8 billion in quarterly revenue, up more than 90 percent year over year, alongside a $541 million net loss.