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

Stock in Elon Musk's space company, SpaceX, is rising despite many company insiders being freed up to sell their shares for the first time. The event took place in New York, according to reports from Associated Press syndicated across multiple news outlets.

Prior to this increase, investors in SpaceX had pushed the company's shares down sharply in recent days. This market reaction occurred in anticipation of insiders potentially selling their holdings in the first of several scheduled windows.