For reference, of all the shares that were sold in the IPO, only 281m are able to be traded, the rest are in their own lockup periods from institutional investors. So 1b potential shares flooding the market in 1 month could increase the float by 3.56x

This is mainly just showing a lot of option conversions / actions that happened because of the merger / IPO.

There’s a small sale on the first form in March, and the 2nd form in April

I wouldn’t rule out possible blackmail or extortion either.

Usually around 6 months, but they pulled some shenanigans to make it shorter somehow, but i dont really know the specifics in this case.

A lot of people really dont understand this.

SpaceX got the money. Its on their balance sheet.

Everyone who bought at $135 IPO price was giving money to SpaceX.

Everyone since then is just trading shares between each other.

The real shitshow starts once insiders can sell, until that happens we wont really know what price the market will settle at.