Space-related stocks surged in after-hours trading as investors anticipate SpaceX's Nasdaq debut under ticker SPCX. Earlier declines in space stocks reversed as the IPO pricing reduced uncertainty, prompting a relief rally. Individual companies also had specific catalysts: AST SpaceMobile confirmed a satellite launch, Rocket Lab joined Nasdaq-100, Intuitive Machines holds NASA contracts, Virgin Galactic improved its balance sheet, and Planet Labs beat earnings expectations. This broad momentum reflects renewed investor confidence ahead of SpaceX's IPO launch.
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
The FAA has approved SpaceX to resume Starship prototype flights after identifying the cause of a booster failure in May. The next launch, planned for July 16, will be the second flight of the Starship V3 and will carry the first third-generation Sta...
