More SpaceX stock is about to hit the market. Here’s what to know.

About 7% of SpaceX shares held by insiders are set to be made eligible for trading, which could potentially increase liquidity in the private market. This development may be of interest to fund managers who have been trying to get a piece of the highly sought-after space technology company. SpaceX, valued at around $150 billion, has been a darling of the private market, with many investors eager to gain exposure to its innovative endeavors.

The unlocking of these shares may provide an opportunity for current shareholders to monetize their holdings or for new investors to gain entry into the company. However, it's worth noting that SpaceX remains a private company, and as such, its shares are not readily available for public trading. This may limit the appeal for some fund managers who typically focus on publicly traded securities. Still, for those with a mandate to invest in private companies or access to private market platforms, this could be a chance to gain exposure to a high-growth player.

Looking ahead, fund managers should watch for any updates on SpaceX's future funding plans, as well as any potential developments that could lead to an initial public offering (IPO). Any changes to the company's valuation or business prospects could impact the attractiveness of its shares to investors. Additionally, as the space technology sector continues to evolve, investors will be keeping a close eye on SpaceX's progress and how it stacks up against competitors in the industry.

Originally reported by marketwatch.com. FundNews adds analysis for finance & markets readers.