SpaceX NASDAQ:SPCX shares fell more than 3% in extended trading after the company aborted its latest Starship launch, pushing the stock further below its $135 IPO price.The launch was called off shortly after the 90-minute window opened Thursday evening. CEO Elon Musk, who also leads Tesla NASDAQ:T…
Space stocks are enduring a brutal July reversal, with Rocket Lab, SpaceX and AST SpaceMobile all down more than 30% as the sector’s blockbuster rally loses altitude.RKLB stock has fallen about 34% this month, heading for its worst month since November 2025. ASTS is down 38%, its weakest month sinc…
Space Exploration Technologies (SPCX, Financials) has had a rough few days on Wall Street, and short sellers are benefiting.The stock has fallen for four straight sessions, dropping about 11% over that stretch. At one point, shares slipped to $132.15, below the company's $135 IPO price, before reco…
Shares of AST SpaceMobile (ASTS) and Rocket Lab USA (RKLB) plummeted by midday trade on Thursday ahead of SpaceX's (SPCX) latest Starship test flight, even after Piper Sandler initiated coverage of all three companies and named AST SpaceMobile its preferred stock in the sector.AST SpaceMobile's dec…
Shares of SpaceX (SPCX), International Business Machines Corp. (IBM), and Boston Scientific Corp. (BSX) slumped to 52-week lows on Wednesday as profit-taking, weak outlook, and Wall Street concerns resulted in a selloff in the stocks.SPCX stock closed 0.6% lower amid profit-taking, cooling investor…
A long position on SPCX has fallen into significant losses after the token's continued decline, according to Hyperinsight monitoring. According to Odaily, an address starting with 0x91d has seen its cost basis breached by approximately 26.1%, making it the largest underwater position for SPCX on Hy…
Shares of Space Exploration Technologies Corp. (SPCX) have retreated nearly 40% from the record high they reached in June, but UBS believes the recent pullback presents a buying opportunity ahead of the company’s 13th Starship launch on Thursday, July 16. The brokerage said a successful mission cou…
Elon Musk’s rocket maker isn’t exactly a moon shot, at least for the time being. Could its valuation be coming down to earth?🚀 Gravity Finally Kicks In📉 IPO Fever Meets Reality📊 Eyes Turn to Earnings
Wall Street is beginning to price in SpaceX’s telecom ambitions. Equity research firm Bernstein slashed the price targets on five major telecom operators on Monday, citing valuation risks tied to SpaceX's (SPCX) Starlink.The company lowered price targets on Verizon Communications (VZN), Charter Com…
SpaceX (SPCX, Financials) shares fell for a second straight trading session, extending their pullback from last month's market debut and moving closer to the company's $135 initial public offering price.The stock has now dropped below its first trading price of $150 on June 12, giving back part of…
Shares of Elon Musk-led SpaceX (SPCX) tumbled in morning trade on Monday, amid broader weakness in the market, after Bernstein stated that China would be the company’s biggest competitor going forward, following the successful launch of Long March 10B last week.The firm maintained an ‘Outperform’ r…
Space Exploration Technologies NASDAQ:SPCX, an aerospace company focused on launch services, satellite communications, and artificial intelligence, has given back much of its early stock-market rally one month after its record-setting Nasdaq debut. SpaceX priced its June 12 initial public offering…
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Analysts believe SpaceX’s (SPCX) Starlink satellite network is unlikely to dramatically reshape the broadband and wireless landscape, despite investor concerns surrounding the space technology firm’s public debut and its potential impact on traditional communications providers.Starlink’s Expansion…
SpaceX CEO Elon Musk on Thursday reversed his stance on Claude's parent Anthropic, calling the company “obviously currently the leader in AI” and praising its Mythos/Fable models as unmatched.“I was clearly wrong about Anthropic,” Musk wrote, reversing his earlier dismissal of the company as a like…
Tesla NASDAQ:TSLA CEO Elon Musk won court approval for a $1.5 million SEC settlement over his delayed disclosure of Twitter stock purchases, though the judge openly questioned the deal.The SEC accused Musk of waiting too long to disclose his initial Twitter share purchases in 2022, a delay regulato…
According to CNBC, “Mad Money” host Jim Cramer said Wednesday he is more concerned about a surge in new stock and bond issuance than re-escalating U.S.-Iran tensions, warning that heavy supply could eventually strain demand and hurt the bull market. Cramer cited recent issuance including Alphabet’s…
Morgan Stanley Managing Director Adam Jonas on Wednesday said that Space Exploration Technologies Corp. (SPCX) will need to raise about $700 billion in debt to achieve its $22.7 trillion Total Addressable Market (TAM) ambitions for enterprise AI.During an interview with CNBC, Jonas said that SpaceX…
SpaceX didn’t really get the takeoff many funds expected, despite them scooping up shares with or without their desire.🚀 A Rough Landing📊 Why Funds Have to Buy🌌 Space Sector Feels the Pull
SpaceX shares rose 0.2% overnight heading into Wednesday after its first Nasdaq-100 session disappointed investors, even as Cathie Wood’s ARK Investment Management kept buying and Starlink doubled prices on key aviation plans.SPCX stock fell 7% on Tuesday, closing at $149.47. The stock remains abov…
