U.S. major indices rise at open, SpaceX drops 10.5% ahead of 912 million share lockup expiry

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On-chain data shows that U.S. major indices rose at open on August 5, with the Dow up 0.33%, the S&P 500 up 0.56%, and the Nasdaq up 0.39%. SpaceX dropped 10.5% as investors expressed concerns over rising AI costs. Open interest in the stock is expected to surge when 912 million locked shares enter the market on Thursday, valued at $114 billion. AMD also fell 7% following weak Q2 results.

According to market data, U.S. stocks opened higher, with the Dow Jones rising 0.33%, the S&P 500 up 0.56%, and the Nasdaq up 0.39%. SpaceX fell 10.5% as concerns grew over its surge in AI spending.

On Thursday, Eastern Time, 912 million restricted shares of SpaceX will unlock, representing approximately $114 billion in market value based on the closing price on August 4, marking the largest lock-up expiration in U.S. capital markets history.

AMD fell 7%, primarily due to disappointing second-quarter earnings and outlook.

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