00:00It's Benzinga, bringing Wall Street to Main Street.
00:02SpaceX shares rose 3% on Tuesday, ending a 7-day losing streak after the company scheduled its
00:07first earnings report for August 4th, according to CNBC. The report will trigger an early lock-up
00:13expiration that allows insiders to sell 20% of eligible shares on August 6th, totaling up to
00:19911.5 million shares. Another 10% of shares could be unlocked if the stock trades at least 30%
00:26above its IPO price on 5 of the 10 days before the earnings report. Shares have fallen sharply
00:32from their June highs, while short sellers have increased bearish positions. In a post
00:37on X, Musk warned that firms maintaining large short positions face a low probability of
00:42survival. Investors are also monitoring upcoming Falcon 9 and Starship launches, SpaceX AI computing
00:49contracts, and potential collaboration with Tesla on a planned chip factory.
00:53For all things money, visit Benzinga.com.
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