SpaceX shares rise even as company insiders get a chance to sell for the first time

SpaceX shares rose even as many SpaceX insiders were freed up to sell for the first time

More than 900 million shares became newly available to buy or sell with Thursday's release, doubling what was available previously

SpaceX shares rose 2.5% to $110.92 in noon trading Thursday

A day earlier the shares dropped nearly 14%, one of the biggest routs in SpaceX's short history as a public company

In June: Musk sold SpaceX shares to the public for the first time in the biggest IPO ever, with shares jumping as high as $225 · Earlier this week: SpaceX reported a $541 million loss and $7.8 billion in revenue for the quarter through June · A day earlier (Wednesday): SpaceX shares dropped nearly 14% in one of the biggest routs in its short history as a public company · Thursday: More than 900 million shares became newly available as the lockup period expired, and shares rose 2.5% to $110.92 in noon trading

2.5% Share price increase · 900 million Newly available shares · 14% Previous day's stock drop · $541 million Quarterly loss · $7.8 billion Quarterly revenue