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$XSPCX rose on the day of the lock-up expiration, and no one fled Today, the first batch of SpaceX restricted shares were unlocked, with 911.5 million shares available for sale. However, the stock price actually rose 3% to $111, with no sign of the feared stampede selling. On the day the earnings report was released, the stock actually fell 8% after hours. Q2 revenue was $7.8 billion, up 92% year-over-year, nearly $1 billion higher than the market expectation of $6.9 billion. Net loss narrowed from $1 billion to $540 million. Starlink users doubled to 12 million, and AI revenue reached $2.56 billion. The main selling pressure came from capital expenditures. The company invested $18.4 billion in the quarter, including $15.8 billion into AI infrastructure, significantly higher than Wall Street’s expected $13 billion. Musk said on the call that these AI computing deployments will pay off within a year and predicted revenue would reach $1 trillion by 2030. Before the lock-up expiration, the market’s biggest concern was that with over 900 million shares becoming available, many would sell. But the stock rose today, indicating the market absorbed the lock-up pressure, suggesting those who wanted to sell likely already did, and the remaining holders are not eager to leave. Deutsche Bank maintained a $255 price target, saying the current valuation essentially prices AI business at near zero, which is overly punitive. Now all eyes are on the upcoming lock-up expirations: over 300 million shares on August 20, and about 700 million shares each in September and October. #SpaceXBeatEstimates #UniswapLaunchpadBet #FedHawksVsWeakJobs $BTC $XSNDK $XSNDK