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SpaceX stock drops 33% from peak; Elon Musk forecasts revenue to hit $1 trillion by 2030.

Market News
16 Aug 2026
Chris Neiger
View Source
Neutral
SpaceX stock drops 33% from peak; Elon Musk forecasts revenue to hit $1 trillion by 2030.

SpaceX shares have fallen 33% from their highest point, reflecting market volatility or investor concerns. Despite this, Elon Musk projects a massive revenue increase for the company, expecting it to grow 53-fold and reach $1 trillion by 2030. This ambitious forecast highlights Musk's confidence in SpaceX's long-term growth and potential dominance in the space industry. Investors will be watching closely to see if SpaceX can meet these high expectations over the coming years.

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XRP holds steady near $1.36 ahead of key Senate vote on crypto law and Fed rate decision this week.

XRP holds steady near $1.36 ahead of key Senate vote on crypto law and Fed rate decision this week.

XRP traded around $1.36 as investors awaited two major events: a Senate cloture vote on the CLARITY Act scheduled for September 15, requiring 60 votes to proceed, and the Federal Reserve's rate announcement on September 15-16, with a high chance of a...

Market News
Neutral
4 hours ago
Ethereum seen as future settlement layer for Wall Street and AI, driving its market resilience.

Ethereum seen as future settlement layer for Wall Street and AI, driving its market resilience.

Tom Lee, chairman of BitMine Immersion Technologies, believes Ethereum will become the key settlement infrastructure for Wall Street and artificial intelligence, explaining its recent strong performance amid a broader crypto market downturn. He highl...

Market News
Bullish
4 hours ago
Ethereum eyes $3,000 after strong ETF inflows and a key technical breakout above $2,400.

Ethereum eyes $3,000 after strong ETF inflows and a key technical breakout above $2,400.

Ethereum is showing signs of a potential rally to $3,000 after breaking above the critical $2,300–$2,400 resistance level, now acting as support. Technical analyst Ali Charts identified a triangle pattern on the 12-hour chart that previously led to a...

Technical Signals
Bullish
4 hours ago
FDA delays review of Exelixis' zanzalintinib by 3 months, no new safety issues found

FDA delays review of Exelixis' zanzalintinib by 3 months, no new safety issues found

The FDA extended its review of Exelixis' cancer drug zanzalintinib by three months without revealing any new clinical failures or safety concerns. This delay reduces the drug's present value by about 2.35%, which is less than the initial market loss....

Analyst Insights
Bullish
4 hours ago
Bitcoin struggles near $77K amid resistance and ETF outflows, eyes $81.7K for bull confirmation.

Bitcoin struggles near $77K amid resistance and ETF outflows, eyes $81.7K for bull confirmation.

Bitcoin is trading around $77,327 with minor daily gains but a weekly drop over 3%, facing resistance between $77,100 and $80,200 where long-term holders have sold significant amounts. CryptoQuant highlights $81,700 as a key level to confirm a new bu...

Technical Signals
Neutral
4 hours ago
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