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Industry

SpaceX lock-up expiry could release 911.5 million shares ahead of first earnings

SpaceX will hold its first earnings announcement on Aug. 4, with the date coinciding with the first post-IPO lock-up expiry that could release up to 911.5 million shares. The company adopted a phased sale structure, allowing insiders to sell 20 percent of eligible locked-up stock after earnings. Additional shares could be released if the stock meets a price threshold. Short interest has risen as investors also watch launch schedules and cloud business expansion.

AI & Enterprise

Orbital targets 2028 first launch for space AI data centre vision

Orbital, a startup aiming to build artificial intelligence data centres in space, has raised $5 million in seed funding. The company plans to run AI inference in orbit to avoid power and siting constraints on Earth and reduce regulatory and permitting burdens. Founder Euwyn Poon says the business depends on lower launch costs, with SpaceX\'s Starship seen as key. Orbital targets a first data-processing spacecraft launch in 2028.

Industry

FAA says SpaceX aims for 10,000 launches a year within five years

SpaceX has set a goal of carrying out 10,000 rocket launches a year within the next five years, a figure far above the current global total. Gwynne Shotwell recently explained the target to U.S. Federal Aviation Administration chief Brian Bedford, who said bottlenecks are not within SpaceX. The FAA currently authorises 195 launches a year across four sites. Industry calls are growing to shift from per-launch approvals to a system similar to airline operating licences.