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SpaceX Plunges 10.5% as 912M Shares Unlock on August 5, Worth ~$114B in Record-Breaking Expiration

GateNews
Stocks
SPCX-1.98%
US30-0.18%
US500-0.35%
AMD-4.47%
On August 5, according to BIT行情数据, SpaceX shares fell 10.5% as 912 million shares are set to unlock during U.S. trading hours on Thursday, representing approximately $114 billion in market value—the largest lock-up expiration in U.S. capital markets history. Meanwhile, major U.S. stock indices opened higher: the Dow Jones Industrial Average rose 0.33%, the S&P 500 advanced 0.56%, and the Nasdaq Composite gained 0.39%. AMD shares declined 7% amid disappointing second-quarter earnings and guidance.
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