U.S. Stock Market Opens with Three Major Indexes Up, SpaceX Faces Stock Unlocking of 912 Million Shares, Plunges 10.5%

BlockBeats News, August 5th, according to BIT (bit.com) market data, the Dow Jones opened up 0.33%, the S&P 500 index rose 0.56%, and the Nasdaq rose 0.39%.

SpaceX plummeted by 10.5% as its AI spending surge raised concerns. On Thursday, Eastern Time, 9.12 billion shares of SpaceX will be unlocked from restriction, representing approximately $114 billion in market value based on the August 4th closing price, making it the largest unlocking in the history of the U.S. capital market.

AMD (AMD.O) fell by 7% due to disappointing Q2 performance and outlook.