SpaceX rallied 6% the week 911 million insider shares came unlocked—no crash in sight.

The lockup everyone feared hit on August 6, freeing up to 911.5 million insider shares and more than doubling SpaceX's tradable float. Conventional wisdom said that supply should sink the stock—instead SPCX closed up 6.1%. We break down why, and why December's larger unlock is the one that matters.

Then the July jobs report: payrolls fell 23,000 against forecasts near +80,000, while unemployment slipped to 4.1%—but only because hundreds of thousands left the labor force. We unpack why a lower rate is the bad kind here, and how a divided Fed reads a weak labor market with inflation still sticky.

Finally, Leopold Aschenbrenner's Situational Awareness—down about 67% in July—doubled down with a $400M bet on stealth chip startup Source Foundry, val ...