SpaceX stuck in tight range as lockup expiry adds to post-IPO woes

Aug 6 : SpaceX shares seesawed on Thursday as investors weighed the impact of insider selling on the stock, which has had a turbulent run since its market debut.Shares of the Elon Musk-led company were last trading 0.8 per cent higher at $109.10 after falling as much as 2.9 per cent earlier.When a company goes public, its executives, employees and early investors are typically barred from selling their shares for up to 180 days under lock-up agreements designed to curb volatility and support the stock.SpaceX, however, had an unusual arrangement under which up to 20 per cent of the restricted shares could be sold starting Thursday, the second trading day after its second-quarter earnings release. Analysts worry that the new supply of shares could exacerbate pressure on the stock. A lock-up