SpaceX is set to report its first earnings since its IPO after losing more than $500 billion in market value in about a month. Shares have fallen for four straight weeks since trading began on June 12 and are down more than 50 percent from an intraday peak. The company reports after the close on Aug. 5. Lockup expirations, short selling, Starship progress and an AI push are among factors in focus.

SpaceX says it will remove by July 2027 unpermitted gas turbines it is operating to supply power to xAI’s Colossus data centre near Memphis and transition to a 1.2-gigawatt permanent natural gas power plant. The turbines have drawn allegations of environmental violations and lawsuits filed by the NAACP and the Southern Environmental Law Center. SpaceX says the trailer-mounted units are not subject to permits, but federal rules assess permits based on scale and use.