'The lockup killed me': Early SpaceX investors say they're torn about whether to hold on or cash out as lockups expire
Justin Sullivan/Getty Images As a wave of SpaceX insider shares get unlocked , some early investors are torn over whether to sell. BI spoke to three early investors who laid out how they're feeling as the first lockup expires. They say they have faith in the company long-term, but are wary of the stock's volatility. Ryan D. was briefly a millionaire this summer, thanks primarily to his holding of SpaceX stock. The 34-year-old former SpaceX employee was tracking the rise and fall of Elon Musk's rocket company as the stock soared — then crashed — in the days following its record-breaking IPO . He had received 2,800 shares in 2019 when they were valued at around $4 each, according to financial records he shared with Business Insider, bringing the total value of his stake to over $630,000 when the stock peaked around $225 in mid-June. That worth about half that now, based on Thursday's intraday high around $115. The immense IPO hype has fizzled nearly two months later, wit...