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SpaceX shares jump after company names Aug. 4 earnings date

SpaceX said it will post its first earnings report on Aug. 4, setting up a major share unlock tied to its earnings announcement.

Reported · Written up by our desk · Equities

SpaceX shares rose on Tuesday as the company moved to snap a seven-day losing streak, according to CNBC Markets.

The stock reaction followed SpaceX’s announcement that Aug. 4 would be the date of its maiden earnings report.

The earnings timing also drew attention from investors because it is expected to trigger a first, larger share unlock tied to the event.

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Sources

CNBC MarketsSpaceX snaps 7-day losing streak, sets earnings date that triggers first big share unlock

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