SpaceX is trading 10.1% up at $126.06 as traders position for its first quarterly earnings report as a public company and a looming lock-up expiration.
- The upcoming lock-up expiration could potentially release up to 911.5 million insider shares into the market.
- Shares are also benefiting from a broader risk-on market sentiment, with investors rotating into AI, industrial, and growth names ahead of a pivotal week for the company.