Business
SpaceX Shares Rally Nearly 7% After Defying Fears Over Massive Post-IPO Lockup Expiration
NEW YORK — Shares of Space Exploration Technologies Corp. rose sharply in morning trading Friday, extending a rebound that began a day earlier when the stock absorbed one of the largest post-initial public offering lockup expirations in recent market history without a sustained selloff.
By midmorning Eastern time, SpaceX stock, trading under the ticker SPCX, stood at $122.58, up $7.66 or 6.67 percent. The advance built on Thursday’s 6.14 percent gain that closed the session at $114.92. That earlier rally came as approximately 911.5 million previously restricted shares held by employees and early investors became eligible for sale, expanding the potentially tradable float significantly.
The company, founded by Elon Musk, completed its initial public offering on June 12, pricing shares at $135 and raising tens of billions of dollars in what ranked among the largest U.S. listings on record. Shares opened higher and later climbed as high as $225.64 before retreating in subsequent weeks amid broader technology sector volatility, concerns over valuation and the approaching share unlocks. By early August the stock had traded near its post-IPO lows around $105 before the latest recovery.
On Aug. 4 SpaceX reported its first quarterly results as a public company. Second-quarter revenue reached $7.81 billion, up 92 percent from $4.07 billion a year earlier and ahead of analyst expectations. The net loss narrowed to $541 million from $1.01 billion in the year-earlier period. Adjusted EBITDA rose to $3.54 billion from $1.21 billion.
The Connectivity segment, driven primarily by the Starlink satellite broadband service, generated $4.29 billion in revenue and $1.66 billion in operating income. The AI segment contributed $2.56 billion in revenue, reflecting growth in cloud infrastructure services and related subscriptions, though it recorded an operating loss. The traditional Space segment, encompassing launch services, posted $962 million in revenue and an operating loss.
SpaceX ended the quarter with approximately $100 billion in cash, cash equivalents and marketable securities and a backlog of $47.5 billion. The company had earlier closed its IPO, generating about $85.7 billion in net proceeds, and completed a $25 billion investment-grade bond offering.
The Aug. 6 lockup release represented the first major tranche of restricted shares becoming available, estimated at roughly 20 percent of eligible insider holdings. Market participants had anticipated potential selling pressure that could weigh on the share price. Instead, volume was elevated and the stock closed higher, suggesting absorption of supply without a disorderly decline. Additional staggered releases are scheduled in the coming months, including further portions through October, a larger release after third-quarter results and the remaining lockup expiration in December.
Analysts and investors continue to weigh the company’s growth trajectory against its valuation and capital intensity. Starlink subscriber expansion and government contracts, including multi-year awards for Starshield, support the Connectivity business. Launch cadence remains high, with Falcon 9 vehicles achieving frequent reuse. At the same time, heavy investment in Starship development, manufacturing capacity and AI-related infrastructure has kept overall profitability negative on a net-income basis even as adjusted metrics improved.
The stock’s path since the IPO has been volatile. After the early peak, shares declined more than 50 percent from the high at points, reflecting both profit-taking and questions about how quickly the company can convert rapid top-line growth into consistent bottom-line results. The first earnings report and subsequent lockup test provided the market with fresh data points on operational momentum and the willingness of existing holders to sell into strength or hold.
Broader market conditions have also played a role. Technology and growth-oriented stocks have experienced swings tied to interest-rate expectations, artificial-intelligence spending scrutiny and macroeconomic data. SpaceX’s combination of aerospace, satellite communications and expanding compute offerings positions it at the intersection of several high-profile themes, amplifying both upside interest and downside sensitivity.
Trading volume on the days surrounding the lockup and earnings has been substantial, reflecting active institutional and retail participation. Options activity has also been notable as traders positioned around key price levels and the unlock event. The average analyst price target remains well above the current trading range according to consensus data, though individual estimates vary widely, underscoring differing views on long-term execution risk and competitive dynamics in launch, broadband and AI infrastructure.
SpaceX continues to pursue vertical integration across manufacturing, launch operations and satellite deployment. The company has highlighted the scale benefits of its approach in recent communications with investors. Government work, commercial satellite deployments and enterprise connectivity deals form the core of near-term visibility, while longer-horizon projects such as next-generation vehicles and expanded AI capacity represent both opportunity and spending commitments.
Friday’s early gains kept the focus on whether the post-lockup stability can persist as additional shares become eligible in coming weeks. Investors will monitor subsequent trading volumes, any commentary from management and the pace of operational milestones for signals on demand for the stock. The next scheduled earnings report is expected to provide further insight into the trajectory of the three reported segments and capital allocation priorities.
As a newly public company with a market capitalization still measured in the trillions of dollars even after the post-IPO decline, SpaceX remains one of the most closely watched names in the technology and aerospace sectors. The combination of rapid revenue growth, substantial cash reserves and ongoing investment programs continues to shape the debate over its valuation and the durability of recent price support.
The morning advance on Aug. 7 added to the evidence that the initial wave of unlocked shares was absorbed without triggering a prolonged decline, at least in the immediate aftermath. Whether that pattern holds through the remaining unlock schedule will be a central question for market participants in the months ahead.
Business
Which K-Pop Act Could Benefit Most From BTS’s Boycott of the 2027 Grammy Awards This Coming Award Season
With BTS formally withdrawing from consideration at the 69th Grammy Awards, the inaugural Best Asian Pop Music Performance category will be handed to another act when nominees are announced in mid-November, opening the door for a group other than the genre’s biggest global name to claim the award’s first-ever winner status.
BTS’s seven members announced their decision on July 29, saying through Korean-language Instagram statements that they hoped their music could be “heard and loved for what it is, rather than being divided by region or language.” The withdrawal followed the Recording Academy’s June 16 announcement of five new Grammy categories, including Best Asian Pop Music Performance, which the Academy’s rulebook describes as recognizing “artistic excellence in Asian pop music performances originating from or widely recognized within Asian markets, including but not limited to K-pop, J-pop and C-pop, with meaningful use of one or more Asian languages.”
A Category BTS Could Have Dominated
Given BTS’s commercial dominance, industry watchers have widely noted that the group would have entered as the overwhelming favorite had it chosen to compete. The band’s new album, “Arirang,” released after all seven members completed South Korea’s mandatory military service, debuted at No. 1 on the Billboard 200 and topped Apple Music charts in 115 countries and regions upon its March release. With BTS out of the running, that clearer path to becoming the category’s first-ever winner now opens up for a smaller group of contenders.
The Leading Contenders
Industry observers have pointed to several acts as the strongest candidates to claim the inaugural award. Among K-pop groups, ATEEZ, Stray Kids, Hearts2Hearts and the newer boy group CORTIS have been named repeatedly as likely nominees, given their commercial performance and continued willingness to submit music for Grammy consideration despite the surrounding controversy. Filipino girl group BINI, who made their live festival debut at Coachella earlier this year, has also been cited as a strong contender, reflecting the category’s stated intent to recognize Asian pop acts beyond Korea’s borders specifically.
Beyond K-pop, Japanese singer-songwriter Kenshi Yonezu has been named among the category’s strongest potential nominees, illustrating a notable tension within the award itself. As The Conversation noted in an analysis of the controversy, Yonezu has little connection to the idol-group production model most closely associated with K-pop, meaning the category’s eventual winner could highlight just how broad and varied the term “Asian pop” actually covers, spanning everything from tightly choreographed idol groups to solo singer-songwriters working in an entirely different tradition. The same analysis noted that Chinese pop, or C-pop, similarly spans multiple distinct regional and linguistic subgenres that the category’s current wording does little to differentiate.
Why So Few Other Artists Have Joined the Boycott
Despite widespread public commentary supporting BTS’s decision, remarkably few other prominent K-pop acts have followed the group in withdrawing their own music from Grammy consideration. Industry analysts attribute that reluctance to BTS’s unique commercial standing within the music business. Unlike newer or less established acts, BTS can afford to forgo Grammy recognition entirely without meaningfully affecting its global commercial position, a luxury not every group competing for the new category currently shares. HYBE, BTS’s label, has explicitly clarified that the withdrawal does not represent a company-wide boycott, with a source telling reporters that other artists under the label will proceed with Grammy submissions if they choose to do so.
Limited Public Solidarity, Mostly Symbolic
Public support for BTS’s stance has come primarily from figures adjacent to the K-pop industry rather than from direct competitors likely to benefit from the group’s absence. Tablo, frontman of the Korean hip-hop group Epik High, shared a story from BTS leader RM’s Instagram with the message “ARIRANG > Grammys.” Bang Yong-guk of the K-pop group B.A.P and Korean American actor Daniel Dae Kim similarly shared news coverage of the boycott to their own followers. None of these gestures, however, have translated into other major K-pop acts actually pulling their own music from the new category.
A Familiar Pattern Across Award Shows
The controversy surrounding BTS’s absence echoes a broader pattern that has played out across other major U.S. award shows in recent years. MTV’s Video Music Awards introduced a Best K-pop category in 2019, the American Music Awards added a Favorite K-pop Artist award in 2022, and the Billboard Music Awards introduced four K-pop-related categories in 2023. Some commentators have drawn a comparison to the Grammys’ own history, pointing specifically to the ceremony’s 1989 decision to introduce a Hard Rock/Metal category, an addition remembered for one of the Grammys’ more notable missteps when voters awarded the inaugural prize to the progressive rock band Jethro Tull rather than a genre-defining act like Metallica or AC/DC, illustrating how a new category doesn’t always deliver the recognition its creators intended.
The Recording Academy’s Position
Recording Academy CEO Harvey Mason Jr. has defended the new category directly, saying it “was created to celebrate the depth, diversity and extraordinary growth of pop artistry coming out of Asia,” and adding that “more categories mean more artists’ work is recognized.” Mason has separately stressed that submitting music in a genre category does not exclude an artist from also being considered in the Grammys’ general field, which includes Album of the Year, Record of the Year and Song of the Year.
With eligibility for Best Asian Pop Music Performance running through Aug. 28 and nominees expected to be announced in mid-November, ahead of the ceremony’s Feb. 7, 2027 broadcast, the coming weeks will determine which acts formally enter the running for the category’s first-ever trophy. Whichever group or artist ultimately wins, industry observers say the moment is likely to carry outsized symbolic weight, marking not just the start of a new Grammy category but also a test case for whether recognition through a genre-specific award can coexist with, rather than substitute for, broader inclusion in the ceremony’s most prestigious general-field honors that BTS itself has spent years pursuing without success.
Business
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NASA Livestream and Free Streams
A total solar eclipse will sweep across the Northern Hemisphere on Wednesday, Aug. 12, and for the vast majority of the world’s population who won’t be standing inside the narrow path of totality, a livestream will be the only way to watch the moon fully block the sun. Here’s a country-by-country breakdown of where and how to watch online.
NASA’s Flagship Broadcast
NASA will anchor the day’s coverage with a live broadcast beginning at 1:15 p.m. Eastern time, available on NASA+, the agency’s website, and its social media accounts on Facebook, Instagram, X, Twitch and YouTube, as well as through Amazon Prime. The broadcast will feature telescope views from multiple points along the eclipse path, footage from a WB-57 high-altitude research aircraft chasing the moon’s shadow across the sky, and expert commentary from solar physicists throughout the event. NASA’s 2024 eclipse broadcast drew more than 15 million concurrent viewers, and the agency’s 2026 stream is expected to match or exceed that figure. Viewers can also access NASA’s stream through its dedicated app, available on iOS, Android, Roku, Apple TV and Fire TV devices, which supports background audio for those who want to listen to commentary while doing other tasks.
Where Totality Will Actually Be Visible
The path of totality begins over a remote, sparsely populated stretch of northern Russia before crossing the Arctic Ocean into eastern Greenland, sweeping down over Iceland, clipping the northwestern tip of Portugal, and finally crossing northern Spain and the Balearic Islands before ending over the Mediterranean Sea. Totality reaches Iceland at 1:45 p.m. Eastern time and arrives in Spain at 2:28 p.m. Eastern time, according to NASA. Only viewers physically located within that roughly 182-mile-wide band will see the sun fully disappear behind the moon; everyone else in the Northern Hemisphere positioned near the path will see only a partial eclipse.
Iceland
Iceland stands as one of the most accessible destinations along the path of totality and is expected to draw significant crowds of eclipse tourists. For those watching remotely rather than traveling, Iceland-based astronomy outlets and international broadcasters are expected to carry dedicated coverage as the shadow crosses directly over Reykjavik in the late afternoon local time, marking the first total eclipse visible from the Icelandic capital since 1433.
Spain
Spain will host the first total solar eclipse visible from mainland Europe since 1999, and as such is expected to be a major focus of international livestream coverage. NASA’s own broadcast will feature live feeds from multiple locations across Spain’s path of totality, including professional solar telescopes and wide-angle cameras designed to capture the dramatic 360-degree sunset effect created as totality occurs just before the sun sets locally in the late evening.
Greenland and Northern Russia
Coverage from Greenland and the remote stretch of northern Russia where the eclipse first makes landfall is expected to be more limited given the sparse population and logistical difficulty of broadcasting from those locations, though NASA’s broadcast is expected to include footage from the Greenland portion of the path as part of its overall coverage.
United States
The eclipse will not reach totality anywhere in the United States. Instead, parts of the northern U.S., ranging from Alaska down through the northeastern states to North Carolina, will see only a partial eclipse, with the moon taking what NASA describes as a small “bite” out of the sun. Alaska will see the strongest partial eclipse effect among U.S. locations, with visibility diminishing further south and east. American viewers hoping to see totality itself will need to watch NASA’s livestream, which begins at 1:15 p.m. Eastern time with views from Iceland and Spain.
Canada
Most of Canada will experience a partial solar eclipse, similar to the northern United States, without reaching totality at any point within the country. Canadian viewers can access the same NASA livestream available to American audiences, along with coverage from Canadian astronomy and science broadcasters expected to air alongside the international feed.
United Kingdom and Ireland
Neither the United Kingdom nor Ireland falls within the path of totality, but both will see a partial eclipse, appearing as a thin, low crescent of sunlight near the western horizon. Given the significant public interest generated by Spain hosting the first mainland European total eclipse since 1999, British and Irish broadcasters and astronomy outlets are expected to carry supplementary partial-eclipse coverage alongside international feeds of the Spanish totality.
Continental Europe
Much of continental Europe, including France, Germany, Italy and the Scandinavian countries, will see a partial eclipse, with the visible portion of the sun’s disk covered by the moon varying by location and generally increasing the closer a viewer is to the path of totality in Spain. European viewers can follow NASA’s English-language broadcast or the agency’s Spanish-language version, both of which will be accessible online, alongside expected coverage from national broadcasters across the continent given the historic nature of Spain’s eclipse.
Northwestern Africa
Parts of northwestern Africa are also positioned to see a partial eclipse as the moon’s shadow passes to the north over Spain, though as with much of mainland Europe, the sun will be setting locally while still partially eclipsed in the westernmost parts of the visible region, creating an opportunity for a striking sunset eclipse view for those watching in person or through regional broadcast coverage.
Additional Streaming Options
Beyond NASA’s flagship broadcast, astronomy website Time and Date is expected to offer its own dedicated eclipse livestream through a specialized app that automatically detects a viewer’s location and displays local eclipse timing and cloud cover forecasts specific to their city. Every major broadcaster covering the event is also expected to stream simultaneously on YouTube, meaning viewers searching “2026 total solar eclipse” on the platform on Aug. 12 should find multiple live options to choose from, castable to a television through devices like Chromecast for those who prefer to watch on a larger screen.
A Reminder on Safe Viewing
For anyone watching in person rather than online, NASA and eye-safety experts stress that certified eclipse glasses meeting the ISO 12312-2 international safety standard, or a properly fitted solar filter on any telescope, binoculars or camera, must be used throughout every partial phase of the eclipse. Only viewers standing within the narrow path of totality may safely remove eclipse glasses, and only during the brief window when the moon fully covers the sun.
Business
Chartwell Retirement Residences 2026 Q2 – Results – Earnings Call Presentation (TSX:CSH.UN:CA) 2026-08-07
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
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F&G Annuities & Life Stock: Weak Alternative Returns Limit Q2 Profits (NYSE:FG)
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Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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U.S. plans $1 billion security aid package for Colombia

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Trump administration to invest $3 billion in minerals projects to boost US defense supply chains

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SpaceX True Believers Propel Shares Past End of Epic Lockup
Gali Russell knows that his big bet on SpaceX might sound crazy. In recent weeks, the stock has shed $1 trillion in value.
“But how exciting is the idea that I could go to Mars? That my grandkids could be living in space?” said Russell, adding that shares of Elon Musk’s rocket, internet and AI company make up some 75% of his portfolio. “The vision is priceless.”
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Financial analyst by day and a seasoned investor by passion, I’ve been involved in the world of investing for over 15 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering high quality dividend stocks and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth stocks, sprinkling in some Business Development Companies, REITs, and Closed End Funds can be a highly efficient way to boost your investment income while still capturing a total return that follows traditional index funds. I created a hybrid system between growth and income and manage to still capture a total return that is on par with the S&P.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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