Topline
Major tech stocks rallied Friday amid a weak jobs report that revealed an unexpected drop in payrolls for July, with SpaceX, Palantir and Cloudflare shares all rising at least 8% in the early hours of trading.
SpaceX shares are down 16% since debuting in June.
Photo by Justin Sullivan/Getty Images
Key Facts
SpaceX shares jumped 11% shortly before 11 a.m. EDT, rallying from an all-time low recorded Wednesday.
Palantir rose 8.4% to around $169 per share and capped off a strong week of gains, with the stock rising 35% in the last five days of trading.
Cloudflare’s stock surged 6% to around the $304 mark, rising a day after the company soared beyond revenue expectations ($696.1 million).