Cathie Wood's Ark Invest shifted more capital toward artificial intelligence, space and defense stocks in late July, with SpaceX emerging as the firm's largest purchase, according to an Aug. 3 report.Ark bought more than 358,000 shares of SpaceX across several funds, with the purchases valued at ab…
SpaceX (SPCX) received a fresh boost from Wall Street on Monday as RBC Capital Markets reiterated its bullish stance ahead of two key catalysts this week - the company’s first quarterly earnings report since its IPO and the expiration of lock-up restrictions.SPCX stock was up 3% at the time of writ…
ARK Innovation ETF (ARKK, Financials), the actively managed fund focused on disruptive technology, increased exposure to space, artificial intelligence and autonomous systems during the final week of July.Ark Invest's largest purchase was about $26 million of SpaceX stock, representing more than 35…
The stock market could be headed for one of its strongest years in 2027, according to Bitmine Immersion Technologies (BMNR) chairman and Fundstrat founder Tom Lee, with the market having moved beyond the SpaceX (SPCX) unlock and the transition to a new Federal Reserve chairman, removing two major s…
Elon Musk’s rocket company is due to post its first financial update this Wednesday. Can it clear expectations?🚀 SpaceX meets the earnings machine🛰️ Three businesses, one huge valuation🔓 Starship updates meet a share unlock
Shares of SpaceX (SPCX) edged 0.4% higher overnight heading into Monday as investors looked ahead to the company’s first earnings report as a public company, with CEO Elon Musk fueling optimism about the company’s long-term growth.SPCX stock has endured a difficult few weeks in the market. After pr…
Tesla Inc. (NASDAQ:TSLA) and CEO Elon Musk were in the headlines once again as rumors about a possible sale of its Chinese business, as well as questions about the company’s valuation, captured the news cycle. Here’s a quick recap of this week’s major events.Elon Musk Dismisses Rumors of Tesla’s Ch…
Senators from across the aisle have reportedly sent a letter to Apple Inc. (NASDAQ:AAPL) CEO Tim Cook, urging the company to refrain from using memory chips from ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies Corp (YMTC) in its devices, even if the products are meant solely for…
SpaceX (NASDAQ:SPCX) CEO and chief engineer Elon Musk revived the story of Robert Goddard on Thursday, whose ideas drew ridicule before they became the foundation of modern spaceflight, calling the American rocket pioneer "ahead of his time."Musk Honors Goddard’s Early Rocket VisionMusk made the re…
Space stocks rose premarket on Thursday as SpaceX CEO Elon Musk reinforced confidence in Moon and Mars plans following bullish comments from NASA Administrator Jared Isaacman on the rocket firm’s role in America’s lunar ambitions.SPCX and RKLB edged up 0.1% in premarket trading, while ASTS gained 1…
Cathie Wood-led investment firm Ark Invest bought $12.2 million worth of SpaceX shares on Tuesday, while trimming its holdings of Block Inc., Bullish and Robinhood.According to Ark's Tuesday trading disclosure, the firm purchased 105,108 shares of SpaceX across its multiple exchange-traded funds. S…
Shares of Tesla, Inc. (TSLA) and SpaceX (SPCX) slipped in overnight trading heading into Wednesday, but RBC Capital sees a potential combination of Elon Musk’s two companies creating an “orbit-to-ground” platform with more than $1 trillion in long-term chip savings.SPCX stock is down about 2% in ov…
In a major bid to accelerate American dominance in the commercial space sector, the Trump administration announced a proposal allowing the Federal Aviation Administration (FAA) to bypass lengthy environmental reviews for rocket launches, spacecraft reentries, and commercial launch site approvals.Th…
Tesla NASDAQ:TSLA shareholders could own 54% of a combined Tesla-SpaceX company under a hypothetical merger valued at roughly $3.31 trillion, according to RBC Capital Markets.Analyst Tom Narayan argued that a deal at $480 per Tesla share, representing a 53% premium, could create a powerful orbit-to…
Aerospace and satellite business SpaceX (SPCX, Financials) has shed more than $1.2 trillion in market value from its record high of $225.64 in June, indicating a major reversal in investor opinion toward high-growth technology stocks.Shares dropped more than 1% Monday to close at $113.50, extending…
Cathie Wood's ARK Invest exchange-traded funds increased their holdings in Space Exploration Technologies NASDAQ:SPCX and Tesla NASDAQ:TSLA, purchasing about $23 million worth of shares during Monday's trading session.ARK Invest bought 124,543 shares of Space Exploration Technologies valued at abou…
AST SpaceMobile (ASTS) announced Wednesday it will launch its next three BlueBird satellites aboard a SpaceX (SPCX) Falcon 9 rocket on August 5.Shares of both companies traded lower in pre-market hours amid a broader selloff across the space sector.ASTS stock fell 2.4% in early morning trade, and S…
Aerospace and satellite business SpaceX (SPCX, Financials) has shed more than $1.2 trillion in market value from its record high of $225.64 in June, indicating a major reversal in investor opinion toward high-growth technology stocks.Shares dropped more than 1% Monday to close at $113.50, extending…
SpaceX NASDAQ:SPCX has erased more than $1.2 trillion in market value since peaking at $225.64 in June, a decline roughly equal to Tesla's NASDAQ:TSLA entire market capitalisation.Shares fell more than 1% on Monday to $113.50, marking the stock's 13th decline in 16 sessions. The prolonged slump com…
SpaceX’s (SPCX) post-IPO slide deepened on Monday, erasing more than $1 trillion in market value from its June peak. Still, Cathie Wood’s ARK Investment Management bought the dip while long-term bulls doubled down on the company’s Starship-driven upside.SPCX stock fell another 1.4% on Monday to $11…
