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

SpaceX in talks with Pentagon to provide multibillion-dollar AI data centre capacity

SpaceX is negotiating with the U.S. Department of Defense to provide data centre capacity to run AI models, the Wall Street Journal reported, citing people familiar with the matter. The talks involve several billion dollars and could still fall through. SpaceX has been expanding its cloud computing business and has discussed offering lower-priced capacity to AI customers. The Pentagon is seeking cloud infrastructure and has asked Congress for $30 billion for an AI initiative.