Rubber ducks by the thousands splash into Chicago River for annual Special Olympics fundraiser

CHICAGO (AP) — A deluge of 90,000 rubber ducks poured out of a truck and into the Chicago River on Thursday, then bobbed along a stretch of the skyscraper-lined river in the annual Chicago Ducky Derby that raises thousands of dollars for charity.

The truck dumped the ducks from one side of a half-raised bridge. After forming a yellow pool in the river, the ducks floated for around 15 minutes before a winner and runner-up were plucked from the water.

The annual event, a fundraiser for Special Olympics Illinois, draws thousands of participants. At an accompanying festival, participants snapped pictures with inflatable ducks and doodled on a chalkboard under the prompt, “I adopt a duck because …” Some sported rubber duck-printed shirts.

Becky Cavanagh, the Ducky Derby ambassador and a 13-year Special Olympics athlete, held up the winning duck to the cheers of crowds packed on both sides of the river.

Cavanagh said her favorite part about the Special Olympics was “making new friends.” Asked before the race how she felt about picking the winning duck, she cheered. “Woo!”

Special Olympics Illinois organizes competitions across the state for people with disabilities and special needs. It costs $10 to sponsor a “lone duck,” which will feed an athlete lunch at a competition, and $30 for a “quack pack” of six ducks, which supplies gold medals for a team. The competition has raised more than $480,000.

The sponsor of the fastest duck wins an SUV, and the runner-up will win $2,500 in cash, said Pete Beale-DelVecchio, president of Special Olympics Illinois.

“It really is a fantastic day for our athletes,” he said ahead of the race at an area next to the river, where derby attendees posed with inflatable rubber ducks and bopped along to a live DJ.

Mayes-Osterman is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.

More than 90 thousand rubber ducks are dropped into the Chicago River as part of the annual Chicago Duck Derby for Special Olympics Illinois in Chicago, Thursday, Aug. 6, 2026. (AP Photo/Cybele Mayes-Osterman)

NEW YORK (AP) — Stock in Elon Musk's space company rose Thursday even after many SpaceX insiders were freed up to sell for the first time.

Investors in SpaceX have pushed the shares down sharply in recent days in anticipation of insiders possibly selling in the first of several so-called lockup expirations that free them up to trade. More than 900 million shares became newly available to buy or sell with Thursday's release, doubling what was available previously.

SpaceX shares rose 6.1% to close at $114.92. A day earlier they had one of their biggest routs in SpaceX's short history as a public company, dropping nearly 14%.

Morgan Stanley analyst Adam Jonas said the expiration of lockup provisions that bar employees and others from selling was an opportunity for others to get into the stock cheaply. He believes the stock could rise to $300 by the middle of next year, nearly triple its current level.

Morgan Stanley was one of the investment banks that earned big fees helping take SpaceX public last month.

Earlier this week, SpaceX reported it had lost $541 million, or 9 cents per share, in the three months through June, less than half what financial analysts had forecast. Revenue jumped to $7.8 billion, up more than 90% from the year-earlier period.

The company also posted a massive increase in spending on R&D and infrastructure, particularly involving artificial intelligence, and other major projects. Investors are growing increasingly nervous with big capital spending figures in technology companies, triggering sell-offs.

In June, Musk sold SpaceX shares to the public for the first time in the biggest initial public offering ever. Shares jumped as high as $225 a share, briefly making Musk a trillionaire.

The plunge in the stock since has wiped out hundreds of billions of dollars in market value, leaving the shares trading at even less than its initial $135 offering price.

SpaceX's mega rocket Starship makes a test flight from Starbase, Texas, Friday, July 24, 2026. (AP Photo/Eric Gay)

SpaceX's mega rocket Starship lifts off for a test flight from Starbase, Texas, Friday, July 24, 2026. (AP Photo/Eric Gay)