Investopedia Markets News (all except PF)

Coming into Friday’s session, shares of Doximity had lost more than half their value this year.
Credit: Cheng Xin / Getty Images

KEY TAKEAWAYS

• Doximity stock surged after the company highlighted its growing opportunity associated with AI.
• The company reported modest revenue growth but emphasized new AI-driven engagement opportunities.

Shares of Doximity are rocking higher Friday. The reason? AI. 

Doximity (DOCS) stock was up more than 45% at around $30 recently, rising as high as $40 in the opening minutes of the session, after the telehealth company turned in fiscal first-quarter (ended June 30) financial results. The numbers themselves likely weren’t the reason, with quarterly revenues rising 7% year-over-year and both net income and adjusted EBITDA falling. 

Instead, look to comments made on last night’s conference call by CEO Jeff Tangney about the company’s opportunities using artificial intelligence. “We’re seeing record AI usage while topping the first large-scale independent head-to-head trial of clinical AI vendors,” he said, according to a transcript provided by AlphaSense. 

The company says its AI services are being used more and generating more client engagement, suggesting growth opportunities ahead if not big numbers already in the books; CFO Matthew Sonefelt cited a “nascent but growing AI commercial pipeline” while boosting guidance. 

That contributed to this morning’s big boost. The shares had lost more than half of their value in 2026—they finished last night a bit under $21 after closing 2025 above $44. While today’s move doesn’t bring them back into the green, they’re now much closer to par.

Premiums are set to rise for the Medicare prescription drug coverage program.
Credit: Catherine Delahaye / Getty Images

KEY TAKEAWAYS

• Many Medicare beneficiaries are dissatisfied with their coverage, often citing high costs and limited benefits.
• A federal subsidy that cut stand-alone drug-plan premiums by an average of $16 a month expires this year, and enrollees will pay the difference in 2027.

Retirees already unhappy with Medicare costs need to prepare to pay more next year.

In a June survey by eHealth, an online health insurance marketplace, 42% of Medicare beneficiaries named at least one thing they were dissatisfied with in their coverage. High premiums led the list, with high out-of-pocket costs next on beneficiaries’ list of complaints.

Retirees are also getting hit with bills they didn’t plan for. About a third of Medicare beneficiaries—Americans 65 and older, plus younger people with disabilities—told eHealth their out-of-pocket costs are running higher than expected.

Why This Matters

Virtually all retirees live off a fixed income, typically a mix of Social Security benefits and retirement savings withdrawals. Medicare cost increases come out of a check that doesn’t necessarily rise to meet it.

Premium increases for Medicare Part B have made matters worse. In 2026, the standard premium for this part of Medicare grew by $17.90, the second-largest premium increase in dollar terms since the program was created, USA Today reports.

Dissatisfaction with Medicare’s costs has risen accordingly. The 2026 survey from The Senior Citizens League (TSCL), a nonpartisan advocacy group for older Americans, found that 41% of seniors were dissatisfied with what Medicare costs them, up 10 percentage points from last year.

Self-reported costs are dropping. In the 2025 survey, the median senior said they spent between $401 and $600 per month on health expenses the previous year, which dropped to between $201 and $400 in this year’s survey.

However, the survey was conducted at the beginning of this year, and the decline in healthcare costs (and improved satisfaction) could be attributed to a lower cap on out-of-pocket prescription drug spending, TSCL said. In 2025, the cap for Medicare Part D fell from $8,000 to $2,000 and increased slightly to $2,100 in 2026. This reduced the prescription costs that retirees and disabled Americans were responsible for.

But another dynamic might be at work: In February, TSCL reported a survey result showing that 58% of seniors said they skipped care to save money, including dental, vision, and hearing care.

Medicare Part D premiums are set to increase in 2027 as the government ends premium stabilization subsidies. Medicare beneficiaries will likely pay about $16 more per month, or almost $200 more per year, for their drug coverage.

“In general, any increase in out-of-pocket costs could lower satisfaction levels, regardless of what type of Medicare coverage a person has,” Whitney Stidom, vice president of consumer enablement at eHealth, said in an email.

She advised Medicare Advantage and Part D enrollees to examine their annual notice of change letters due in September, and compare Medicare plans available where they live.

A jobseeker turns in an application during a job fair in Dallas, Texas, on Wednesday, July 29.
Credit: Dylan Hollingsworth / Bloomberg via Getty Images

A surprise drop in the number of jobs in July still didn’t raise the unemployment rate.

The economy lost 23,000 jobs in July, the Bureau of Labor Statistics reported Friday. Economists had expected U.S. employers to add 83,000 jobs, according to a survey by Dow Jones Newswires and The Wall Street Journal. June employment was also revised down to 20,000 jobs added that month from an initial report of 57,000.

“This month’s employment report was noisy, as is often the case during the summer months, and particularly one that featured the World Cup,” wrote Richard de Chazal, a macro analyst at William Blair. “Most of the weakness came from the government and the leisure and hospitality sectors, as well as retail.”

The unemployment rate ticked down to 4.1%, slightly lower than economists expected. The unemployment rate has remained relatively steady over the past year, averaging 4.3%.

Why This Matters

A weak labor market is difficult for job seekers but also makes the Federal Reserve’s job of keeping both inflation and unemployment low more difficult.

Economists say that stability despite volatility in job openings could reflect a job market fewer people are entering.

As the labor force grows, the economy needs to add a certain number of jobs each month to prevent the unemployment rate from rising. However, that “break-even” rate has been falling because fewer people are entering the job market, economists have suggested. The labor force participation rate hit its lowest level in five years.

“While the unemployment rate is falling, that is mostly for the wrong reason—not enough workers,” wrote Bill Adams, chief U.S. economist at Fifth Third Commercial Bank. “Immigration compensated for the aging of the workforce in the first few years of the post-pandemic expansion, but that’s not happening anymore.”

The sluggish jobs report complicates the outlook for Federal Reserve policy makers. Much of their focus has been on inflation, which has remained stubbornly high and has been exacerbated by tariffs and the war in Iran. This could turn some of the central bankers’ attention back to the job market.

Traders are betting that the slump in the labor market has made an imminent rate hike less likely. After the report was released, traders were pricing in a 40% chance that Fed officials would hike rates to fight inflation at their September meeting, according to the CME Group’s FedWatch Tool, which uses futures prices to gauge Fed probabilities. That was down from 55% earlier in the day.

Over the weekend, the chance of a cut settled at 43%.

“Today’s job print likely just pushes out the timeline on rate hikes rather than bolstering the case for cuts,” wrote Realtor.com Senior Economist Jake Krimmel.
“Inflation remains the key indicator for the Fed and the bond market.”

News of the day for Aug. 7, 2026

The three major indexes finished yesterday’s session lower, with the Dow pulling back from a new record high.
Credit: Spencer Platt / Getty Images

Stock futures are pointing higher as the major indexes look to close out their best week in months; the government’s July jobs report is expected to show a pickup in hiring from June; Cloudflare shares are jumping after a strong earnings report and raised outlook; Atlassian shares are also soaring after better-than-expected results; and a New Mexico judge has ruled that Meta must create a $567 million fund for those harmed by social media. Here’s what you need to know today.

Stock Futures Rise as Indexes Look to Log Best Week in Months

Stock futures are pointing higher, with the major indexes looking to close out their strongest week in months. Dow Jones Industrial Average futures were up 0.1% recently, while futures for the S&P 500 and tech-heavy Nasdaq rose 0.2% and 0.6%, respectively. All three indexes fell yesterday, with the Dow pulling back from its record highs to snap a five-day winning streak. Even with yesterday’s slide, the Nasdaq is up nearly 4% so far this week, while the Dow and S&P are each up around 3%, leaving the indexes on track for their biggest weekly gains in three months. Crude oil futures are little changed as investors watch for more details about a deal that could reopen the Strait of Hormuz. Gold futures are up nearly 2% to $4,380 an ounce, while the 10-year Treasury yield is pulling back to 4.66% from yesterday’s close of 4.68%. Bitcoin is trading around $64,900 this morning, trending towards breaking the $65,000 mark for the first time this month.

July Jobs Report Due This Morning

Investors will get their latest look into the state of the job market this morning, with the Bureau of Labor Statistics set to release its monthly jobs report for July at 8:30 a.m. ET. Economists expect to see that the U.S. added about 83,000 jobs in July, more than the 57,000 recorded in June. The job market has largely maintained a “low hire, low fire” pattern so far this year, amid worries about how the Iran war will impact the economy. Combined with inflation readings that have remained well above the Federal Reserve’s 2% target, the job market data could influence the Fed’s upcoming decisions on interest rates. On Wednesday, the private sector jobs report from ADP (ADP) showed that private payrolls grew by 44,000 jobs in July, below the 75,000 experts anticipated.

Cloudflare Stock Surges on Strong Earnings, Outlook

Shares of Cloudflare (NET) are popping this morning, a day after the cloud platform reported adjusted earnings of 29 cents per share on a 36% year-over-year jump in revenue to $696.1 million for the second quarter, above estimates compiled by Visible Alpha. Cloudflare’s third-quarter forecasts of $736 million to $737 million in revenue and adjusted EPS of 34 cents also topped projections, and the company lifted its full-year sales and profit forecasts to $2.864 billion to $2.87 billion in revenue and adjusted EPS of $1.25 to $1.26. Cloudflare shares are up 16% ahead of the opening bell, suggesting a new record high above $330, after setting a closing record at $301 on Tuesday.

Atlassian Stock Soars After Earnings, Forecasts Top Estimates

Atlassian (TEAM) shares are also rocketing higher in premarket trading after the software maker surpassed expectations with its fiscal fourth-quarter report. Atlassian said last night that it generated $1.77 billion in revenue along with adjusted earnings of $1.87 per share, above what analysts had forecast. The enterprise software firm said it expects fiscal first-quarter revenue of $1.705 billion to $1.715 billion, along with full-year revenue growth of about 13%. Both ranges also topped consensus estimates. Shares are up 32% premarket, putting them on track to hit their highest point since January. Software stocks have struggled this year amid worries about AI disruption.

Meta Ordered to Pay $942M in New Mexico Social Media Suit

Instagram and Facebook owner Meta Platforms (META) has been ordered to create a $567 million fund to help those who have been harmed by social media, in addition to $375 million in civil penalties stemming from a New Mexico lawsuit. A jury sided with New Mexico’s attorney general back in March, after the state brought a lawsuit against Meta that accused it of inadequately protecting children in the state from a range of risks from using its apps. The case is one of many facing Meta and other social media giants that have alleged a failure to protect children. Shares of Meta were little changed premarket.

AppLovin shares have lost half their value since the start of the year.
Credit: Jakub Porzycki / NurPhoto via Getty Images

Key Takeaways

• AppLovin shares plunged Thursday after quarterly sales and an outlook that disappointed.
• The stock has lost roughly half its value since the start of the year.

AppLovin stock is tumbling after the ad technology firm’s sales and outlook disappointed.

AppLovin (APP) shares were down nearly 20% in recent trading to their lowest point in over a year.  The company said yesterday that it earned $3.76 per share on $1.92 billion in revenue in the second quarter, slightly below the EPS of $3.77 on $1.95 billion in revenue analysts had forecast, per Visible Alpha estimates.

The company, which largely makes money by helping companies monetize apps with AI software placing ads in mobile games, said it expects third-quarter revenue to come in between $2.055 billion and $2.085 billion. Analysts had been looking for $2.083 billion.

William Blair analysts said the “modest” revenue miss and soft guidance could leave some investors concerned “whether AppLovin experienced a fundamental slowdown or simply encountered timing-related volatility in its model development cycle.” Still, they maintained their “outperform” rating for the shares, citing AppLovin’s growing market share, among other factors. 

Bank of America analysts reiterated a “buy” rating, but slashed their price target to $430 from $705, citing lower expectations for AppLovin’s consumer ad segment, and slower-than-expected growth in gaming advertising.

With Thursday’s tumble, AppLovin shares have lost roughly half their value since the start of the year.

Millions of shares of SpaceX became eligible to be traded for the first time today.
Credit: Justin Sullivan / Getty Images

KEY TAKEAWAYS

• SpaceX shares rose today after hitting a record low on Wednesday.
• Concerns about AI spending and expiring lock-up agreements have pressured SpaceX stock recently.

Shares of SpaceX bounced back on Thursday.

SpaceX (SPCX) stock gained more than 6% to close at just under $115, moving higher after a dramatic 14% drop yesterday to a record low. Wednesday’s decline unwound a day-earlier rise that came ahead of the company’s first earnings report since its mid-June IPO. 

Concerns about SpaceX’s spending on its AI business and about the effect the expiration of lock-up agreements that had until today limited some investors’ ability to sell shares have weighed on the stock recently. (Investopedia has a detailed look at the latter topic here.) 

Today’s relative buoyancy may suggest that traders sold ahead of the lock-up date. Still, while Wall Street analysts are broadly bullish, many investors expect pressure on SpaceX stock to remain in force even if there’s reason to buy into the long-term story. 

That said, Vanda Research in a Wednesday note suggested that retail investors, who have continued to be net buyers of the shares, are more interested in the opportunity than the risks. 

“This tells us that under the hood, the typical ‘retail’ investor has not gone away,” Vanda wrote. “The average retail investor is not known for chasing quarterly earnings misses or beats – they are looking for opportunities to buy companies they believe could become the next ‘10-baggers.’ SPCX happens to be one of those names for retail right now.”

SpaceX shares remain 15% below their IPO price, and have lost nearly half their value since hitting a record high above $225 a few days after the stock began trading in June.

UPDATE: This article has been updated to include closing stock price information.

Federal Reserve chair Kevin Warsh speaks during a news conference in Washington, DC, on July 29, 2026, after the Fed held rates steady.
Credit: Brendan Smialowski / AFP via Getty Images

Key Takeaways

• The Fed chair’s minimalist communication style has unsettled bond markets, driving long-term Treasury yields higher.
• The 30-year Treasury yield hit its highest level since 2007, reflecting market concerns about inflation and rate policy.
• Futures trading suggests a 55% chance of a rate hike in September.

Kevin Warsh watched the bond market punish him for saying too little, and his answer is to keep on not saying it.

The Financial Times reported Thursday that the Fed chair plans to stick with his stripped-down communications style after last week’s policy meeting touched off a rout in long-dated Treasurys. People close to Warsh told the paper he owns some early missteps—failing to reinforce his price-stability message, blurring whether his longer-term overhaul of the Fed touches near-term rate decisions—but doesn’t see a case for reversing his minimalist approach.

After Warsh’s second press conference as Fed chair, bond vigilantes were out in force. The 30-year Treasury yield climbed above 5.2% after the July 29 meeting, its highest since 2007, and closed near 5.17% Wednesday. The Fed’s preferred inflation gauge, the personal consumption expenditures price index, ran at 3.7% in June, and the central bank has missed its 2% inflation target for more than five years.

Why This Matters to You

The Federal Reserve doesn’t set your mortgage rate or your savings yield directly—the bond market does, pricing off what it thinks the central bank will do next.

Warsh’s wager is that inflation expectations matter more than Fed commentary. Still, the market is reacting either way. Futures put the odds of a quarter-point increase at the Sept. 15–16 meeting near 55%, and people familiar with Warsh’s thinking said he’d raise rates if the coming inflation readings run hot.

The two-year yield, the maturity most sensitive to policy expectations, rose 0.04 percentage point to 4.22% Thursday after the Financial Times report.

Warsh is expected to use his speech at Jackson Hole, the late-August central bankers’ conference where Fed chairs have traditionally tipped their September plans, to explain the thinking behind all this. He’s separately floated cutting the number of rate-setting meetings each year, so investors hoping for more clarity may instead get less information to work with for market-making moves that are compressed into fewer, bigger days.

Despite their recent slide, Sandisk and Western Digital remain among the best-performing stocks in the S&P 500 for 2026.
Credit: CFOTO / Future Publishing via Getty Images

Key Takeaways

• Sandisk and Western Digital shares fell sharply Thursday, despite quarterly sales and profits that topped Wall Street estimates.
• Both stocks remain among the S&P 500’s top performers for the year.

Two of the year’s hottest stocks are taking a hit today. 

Shares of Sandisk (SNDK) and Western Digital (WDC) were down 7% and 14%, respectively, in recent trading despite quarterly sales and profits that topped Wall Street estimates. Investors may have wanted more, particularly from Sandisk’s outlook, after the strong start to the year for memory and data storage firms.

Sandisk said it now expects first-quarter revenue of $10.3 billion to $10.8 billion with adjusted earnings per share of $44 to $46, with the midpoints of each range falling short of the adjusted EPS of $45.34 on $11.15 billion in revenue that analysts called for. Western Digital’s forecast of $3.85 to $4.15 in EPS on $4 billion to $4.2 billion in revenue came in ahead of analysts’ projections. 

Sandisk reported $8.97 billion in revenue for its fiscal fourth quarter, along with adjusted earnings of $39.25, each handily topping the analyst consensus. Western Digital’s $3.75 billion in sales and adjusted EPS of $3.56 also beat estimates, but by a narrower margin.

Analysts have been bullish on Sandisk and Western Digital’s prospects this year, as the memory and data storage industries have seen demand soar with big tech companies spending billions of dollars on AI hardware. That demand has created shortages, allowing Sandisk and others to raise prices to record highs, boosting sales and profits.

Even with their recent slide, both stocks remain some of the S&P 500’s biggest gainers for the year. Shares of Western Digital have more than doubled in value year-to-date, while Sandisk surged over 400%. 

News of the day for Aug. 6, 2026

The S&P 500 touched an all-time high yesterday before finishing lower.
Credit: Michael M. Santiago / Getty Images

Stock futures are pointing to a mixed open for major indexes after the Dow closed at another record high yesterday; SpaceX has reached the expiration of its first lock-up period, putting many more shares on the market; shares of Western Digital and Sandisk are tumbling following the release of quarterly results from the memory chip makers; Honeywell Aerospace shares are sinking after a lackluster earnings report; and Moderna shares are gaining on the news of FDA approval for its mRNA-based flu shot. Here’s what you need to know today.

Stock Futures Mixed After Dow Hits Another Record

Futures are mixed this morning, as weakness in memory stocks weighs on the tech sector (more on that below). Futures tied to the Dow Jones Industrial Average and the S&P 500 were recently up 0.2% and 0.1%, respectively, while futures linked to the tech-heavy Nasdaq fell 0.6%. The Dow, which has gained nearly 2,800 points over the past five sessions, closed at a record high yesterday for the third day in a row. The S&P 500 touched an all-time high during yesterday’s session, but finished the day lower, while the Nasdaq also fell as shares of SpaceX (SPCX) and Advanced Micro Devices (AMD) plunged following their earnings reports. WTI oil futures were up 1% to $76 a barrel recently as investors keep tabs on developments related to a possible Iran peace deal. Gold futures were up slightly at $4,315 an ounce, while bitcoin was little changed at $64,400. The yield on the 10-year Treasury note rose to 4.64% from yesterday’s close of 4.62%.

SpaceX’s First Lockup Period Expires Today

SpaceX (SPCX) shares could be set to face even more volatility. Today is the expiration of the first lock-up period following the company’s IPO in mid-June, freeing up more than 900 million shares from trading restrictions. While some have worried that the stock could take another hit as shares held by insiders and other pre-IPO investors become available, other experts recently told Investopedia that they wouldn’t be so sure. It’s not clear how many early investors will want to sell shares immediately, and this the first of several lock-up expiration dates. SpaceX shares were up more than 2% in premarket trading, after dropping 14% yesterday to their lowest close ever. Coming into today’s session, the stock is down 20% from its IPO price, and has fallen 52% from the record high set just a few days after the IPO.

Shares of Sandisk, Western Digital Tumble

Shares of Sandisk (SNDK) and Western Digital (WDC) are plunging this morning despite quarterly results from the memory chip makers that topped Wall Street estimates. Sandisk reported $8.97 billion in revenue for its fiscal fourth quarter, along with adjusted earnings of $39.25, each handily topping what analysts had forecast. Western Digital’s results also beat estimates, though by a narrower margin. However, Sandisk issued revenue and profit guidance that came in short of what analysts expected, and Western Digital’s outlook, while slightly better than estimates, also appears to have disappointed investors. Western Digital shares were down 14% ahead of the opening bell, while Sandisk dropped 11%. The Roundhill Memory ETF (DRAM) was down 7%.

Honeywell Aerospace Stock Plunges on Weak Outlook

Shares of Honeywell Aerospace (HONA) fell after the former Honeywell (HON) division disappointed in its first earnings report since being spun off back in June. The aerospace parts manufacturer said after the bell yesterday that it earned an adjusted $1.87 on $4.52 billion in sales in its second quarter, each falling short of the Visible Alpha consensus. The company also trimmed its full-year outlook, now aiming for organic sales growth of 4% to 5%, down from 7% to 9% previously. CEO Jim Currier said the company believes “it is prudent to align our guidance to our supply chain’s demonstrated capabilities.” Honeywell Aerospace shares were down 17% recently, on track to hit a record low.

Moderna Stock Rises on FDA Approval of mRNA Flu Vaccine

Moderna (MRNA) shares are gaining after the drugmaker announced that it has received Food and Drug Administration approval for mFLUSIVA, its vaccine against the flu that is based on the same mRNA technology that was used in developing the COVID-19 vaccine. The new flu shot will be available at certain retailers in the coming weeks, the company said. The vaccine is Moderna’s fifth product approved globally as it has worked to get more products to market after demand for the COVID vaccine fell off. Moderna shares were up 4% in recent premarket trading. Entering today, the stock had gained 90% since the start of the year, but was still nearly 90% below its August 2021 peak.

SpaceX’s first lock-up expiry lands today, when more than 911 million shares will be free to trade.
Credit: Photo by Kevin Carter / Getty Images

Key Takeaways

• Some investors are eyeing Thursday’s expiration of lock-up agreements that will let some SpaceX investors sell shares for the first time.
• That’s expected to put pressure on the stock, which is already below its IPO price. Experts, however, think some of the worries about how much pressure may be overstated.

Shares of SpaceX fell yesterday after the company reported its first-ever quarterly results. Some expect them to fall even further Thursday.

Why do they think that? Because that’s when about 911 million shares of SpaceX (SPCX) stock—about $98 billion worth at recent prices—will be released from trading restrictions, which expire two days after the company’s first earnings report as a publicly traded entity.

Such events, called lock-up expirations, follow initial public offerings and tend to have a negative effect on the stocks with which they’re associated because they give early investors an opportunity to sell their shares, often for the first time.

The expirations come at an inauspicious time: Shares of SpaceX as of yesterday’s close are off about 20% from their IPO price and 52% below their post-IPO peak. Some observers think further pressure is inevitable. But experts suggest that investors think carefully about what the end of SpaceX lock-ups will mean in practice. Here are some of the topics they flagged to Investopedia.

WHY THIS MATTERS TO YOU

SpaceX’s stock was fast-tracked into a number of indexes, which means its performance will be factored into portfolios that own funds based on those measures.

First off, the expiration of a lock-up doesn’t necessarily mean that all the newly tradable shares will actually be sold. That’s for the owners to decide; just because insiders and early investors can trade their shares doesn’t mean they will.

There could be less pent-up selling desire in this case because SpaceX, unlike many private companies that issue restricted stock units, has given them other opportunities to sell, according to Kristin McKenna, president at boutique RIA Darrow Wealth Management. The company had a tender offer in January, meaning some shareholders were able to extract value even before SpaceX’s IPO.

“People have been able to sell along the way,” she said.

SpaceX’s locked-up shares, meanwhile, won’t all arrive on the market at one time. Companies use staggered expirations to stem a “huge dump of supply into the market,” according to Kat Liu, vice president at IPOX Schuster, a Chicago-based index provider specializing in IPOs.

That means instead of one large tranche of shares arriving at once—which, when it does happen, typically does on the 180th day after an IPO—SpaceX and other companies have opted to release them in relative trickles. During the Covid era, Liu said, Airbnb (BNB), Doordash (DASH), and Snowflake (SNOW) did just that. That could give the market time to absorb the new supply.

Thursday marks the first of a wave of upcoming expirations for SpaceX. The shares being released represent a large slice, or roughly a fifth, of the pie that’s locked up through the 180th day following its mid-June IPO; roughly 4.7 billion shares in total are locked up through that day, which taken together would boost SpaceX’s current shares outstanding by 35%.

SpaceX’s post-IPO swoon means a big tranche of shares the lock-up of which was tied to a price milestone won’t get released soon. Nearly 456 million shares were due to be released today if the price was “at least 30% greater” than the IPO price for at least five of 10 consecutive trading days through Aug 4. Since that trigger didn’t fire, that tranche won’t get released until the 180th day after June 11, which points to early December.

The company has another set of lock-up expirations that follow, the last of which occurs after its second quarter earnings in 2027. Elon Musk and Alphabet (GOOGL) have shares that would be unlocked in that wave.

Liu has a few key lock-up expiration dates circled on her calendar, including the second full trading day that follows SpaceX’s third-quarter earnings report, which is expected in November, though the company has not yet set a date. On that day, 1.3 billion shares are due to be released. Liu doesn’t foresee a massive lock-up related hit to the stock this week.

“It could happen,” she said. “But I don’t expect it to be like an explosion of selling.”