00:00As U.S. markets closed just hours ago, attention is now turning to the latest round of quarterly earnings reports
00:06from major operations.
00:08Corporations offering fresh insights into business performance and broader market trends.
00:12So here are some of the key corporate developments shaping investors.
00:20SpaceX stock rose in heavy trading on Thursday as the number of shares available for public trading more than doubled
00:26following the expiry of the first of several lock-up restrictions.
00:30The internet and rocket company stock was up 1.4% at $109.86, with over RM23 billion worth of
00:38the shares exchanged as of midday
00:40on track for SpaceX's busiest session since the eve of its addition to Nasdaq 100 on July 7.
00:46While SpaceX's IPO was the largest in U.S. history, it made fewer than 5% of its shares available
00:53for stock market trading.
00:55However, a series of restrictions on additional stock sales by insiders, employees and early investors is scheduled to lift over
01:02the next several months.
01:04Thursdays is the first of those releases, with rank-and-file employees and some early investors now free to sell
01:11911.5 million shares,
01:13adding to the approximately 639 million shares sold in the IPO.
01:18All in all, restrictions lifted through December 8 will increase space-access float of potentially tradable shares to 40%
01:25of the company.
01:27The remaining 60%, including Masters stake, will stay locked up until mid-2027.
01:33Lift bid analysis revenue estimates for the second quarter on Thursday as a surge in riders and trades lifted bookings
01:40to a record,
01:41though heavier spending on promotions left net income short of expectations.
01:45The right-hailing services provider has stepped up spending on incentives and loyalty programs to attract and retain customers and
01:53sustain growth.
01:54Lift's second quarter net income of $50.3 million missed Wall Street estimates of about $56 million, according to LSEG
02:03data.
02:03Marketing expenses surged 68%, and revenue jumped 16% to $1.84 billion, topping estimates of $1.81 billion.
02:15Vacation rental company Airbnb beat Wall Street estimates for second quarter revenue on Thursday,
02:21helped by strong global demand for travel and a boost from first-time users during the FIFA World Cup hosted
02:27in the US, Canada and Mexico.
02:29Airbnb noted that its North American bookings during the second quarter recorded the highest growth in almost three years.
02:38Shares of the San Francisco-based company rose 8.35% in extended trading.
02:43Globally, nights and seats booked, a metric that includes both room stays and service bookings,
02:49rose 10% to $148.3 million in the quarter.
02:53In North America, which made up over 40% of its revenue in 2025, quarterly bookings rose by a high
03:00single-digit percentage.
03:02The company expects 2026 revenue to improve at least mid-teens compared with a range of low-to-mid-teens
03:09forecast earlier.
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