SpaceX's Share Lockup Ends Today, and It Could Trigger More Selling

August 6, 2026

Breaking News

Image source: Unsplash

SpaceX insiders and early investors will be able to sell their shares for the first time on Thursday, when 911.5 million shares become eligible to trade — around 43% more than the 638.9 million shares the company floated in its June initial public offering.

The unlock will more than double SpaceX's public float, increasing the freely tradable portion of outstanding shares to 11.8% from 4.9%.

The lockup expiration comes at a challenging time, with the stock trading below its IPO price following a sharp post-earnings sell-off.

When a company goes public, employees and pre-IPO investors typically agree to a lockup period — usually 180 days — during which they cannot sell their shares. Yahoo Finance reports.

EdgeUp

📝 Nasdaq Futures Slip, Dow and S&P 500 Futures Inch Up as Earnings Roll On

U.S. stock futures were little changed on Thursday morning as investors digested a wave of earnings reports, the prospect of an imminent Strait of Hormuz deal, and fresh labor market data, with the Dow Jones Industrial Average trading at a record high.

Futures on the Dow Jones Industrial Average rose 0.2% after the blue-chip index extended its record-breaking winning streak.

S&P 500 futures gained 0.1%, while contracts for the Nasdaq-100 dipped 0.1%. Yahoo Finance reports.

🏛️ Shorter-Dated Treasury Yields Edge Higher as Traders Sharpen Focus on Rates

Shorter-dated U.S. Treasury yields edged higher on Thursday as traders weighed the prospects for interest rate hikes. Yields were largely steady across the rest of the curve, while oil prices remained choppy as Iran-Oman talks over the Strait of Hormuz stayed in focus.

The 10-year Treasury note yield — the benchmark for mortgages, auto loans, and credit card debt — was unchanged at 4.6208%.

The 30-year Treasury bond yield, which is often more sensitive to geopolitical events, also held steady at 5.1711%. CNBC reports.

💼 SoftBank Gets $8.2 Billion Boost From Intel as OpenAI Takes a Backseat

SoftBank on Thursday reported fiscal first-quarter profit that beat market expectations, driven by a huge gain on its stake in Intel, while a rise in ByteDance's valuation also lifted its Vision Fund division.

The Japanese investment giant posted net profit of 347.3 billion yen ($2.2 billion) for the June quarter, comfortably ahead of analysts' expectations of 120.23 billion yen, according to LSEG estimates.

Despite the earnings beat, net profit was down nearly 18% from a year earlier. CNBC reports.

🎮 Nintendo Tops Estimates With Strong Games and Tariff Refunds

Nintendo reported June-quarter net income of ¥147.4 billion ($934 million), comfortably beating the analyst consensus estimate of ¥77.8 billion.

Revenue came in at ¥517.8 billion, topping market expectations of ¥448.8 billion.

Results were boosted by refunds of U.S. import tariffs that had been imposed last year and later rescinded, a benefit that also supported earnings at Sony and Canon. Both Nintendo and Sony had raised hardware prices to offset the higher costs.

Strong sales of first-party titles, including Pokémon Pokopia and Tomodachi Life: Living the Dream, also helped drive revenue. Yahoo Finance reports.

🧠 Google Is Expanding Its AI Empire — and Losing the People Who Built It

Depending on where you sit, Google either holds one of the strongest positions in artificial intelligence or is losing top talent to leading AI labs and startups at the forefront of innovation.

That contrast has been on full display over the past two weeks, beginning with the company reporting 82% revenue growth in its cloud division, followed by a shakeup in Google's AI organization as Chief Scientist Jeff Dean announced his departure after 27 years with the company. CNBC reports.

🏭 Siemens Shares Plunge on Disappointing Guidance Raise

German industrial giant Siemens on Thursday raised its profit outlook for the second time this year after a quarter boosted by AI spending, but its shares plunged as the upgraded forecast fell short of investors' expectations.

Along with other industrial firms such as Schneider Electric and ABB, Siemens has benefited from strong demand for AI data centers, which require significant computing power. Yahoo Finance reports.

🎬 Hollywood Is Cranking Out Billion-Dollar Movies Again. ‘Spider-Man’ Just Joined the Ranks

Hollywood welcomed its fourth billion-dollar film of 2026 this week as Sony and Marvel’s Spider-Man: Brand New Day crossed the $1 billion global box office milestone.

The film joins Universal’s The Super Mario Galaxy Movie, Lionsgate’s Michael, and Disney/Pixar’s Toy Story 5 in the billion-dollar club.

Universal’s The Odyssey is expected to be next, having grossed $912 million worldwide through Sunday and set to remain in theaters through at least mid-September.

Box office analysts also expect Warner Bros.’ Dune: Part Three and Disney/Marvel’s Avengers: Doomsday to surpass the $1 billion mark later this year. CNBC reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) CLRO: ClearOne, Inc.
Total gain: +196.74%

2) WYHG: Wing Yip Food Holdings Group Limited
Total gain: +103.56%

3) PAVS: Paranovus Entertainment Technology Ltd.
Total gain: +92.67%

4) AEVA: Aeva Technologies, Inc.
Total gain: +29.53%

5) WPP: WPP plc
Total gain: +29.45%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on August 5.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET) Stock Analysis reports.

1) SUGP: SU Group Holdings Limited
Total gain: +397.53%
The company announced that it will effect a 1-for-5 reverse stock split ("Share Consolidation") of its Class A ordinary shares, par value HK$0.00001 per share ("Ordinary Shares"). This action was approved by the board of directors of the Company on July 23, 2026 and by written resolution of the Company's majority shareholders on July 23, 2026. PR Newswire reports.

2) INLF: INLIF Limited
Total gain: +97.17%
The stock appeared to be moving on no notable news.

3) JLHL: Julong Holding Limited
Total gain: +72.51%
The stock appeared to be moving on no notable news.

Today’s Notable Earnings

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

IX: ORIX
Q1 2026
Before Market Open
Estimate: N/A
Actual: N/A

CQP: Cheniere Energy Partners
Q2 2026
Before Market Open
Estimate: 1.000
Actual: N/A

TARS: Tarsus Pharmaceuticals
Q2 2026
Before Market Open
Estimate: -0.250
Actual: N/A

Today’s Economic Dates

Time (ET) / Report / Period

8:15 AM - ADP National Employment Report - July
9:45 AM - US Services PMI - July
10:00 AM - ISM Report On Business Services PMI - July

Parting Thoughts

“The best investment strategy is the one you can stick with.”

– John C. Bogle

Sourced in: The Little Book of Common Sense Investing.

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