SpaceX rallies 9% ahead of first EPS report amid high short interest and lock-up expiration

SpaceX faces the first big test since its IPO, as earnings loom

SpaceX posts first earnings after IPO with stock down 15% from $135; lockup expiration in 2 days releases ~$106B worth of insider shares. Wall Street focuses on Starlink growth to offset AI segment losses; staggered lockup expirations will create months of selling pressure and volatility.