The Procure Space ETF (UFO) has jumped about 32% in the past month and 165% over the past year, fueled by gains in small commercial space companies like Virgin Galactic. The ETF focuses on companies deriving most revenue from space activities, making it more speculative than broad aerospace funds. Its performance is closely tied to the FY2027 U.S. federal space budget, with government contracts playing a big role. Investors should watch the federal budget decisions and the ETF's semi-annual index rebalancing, which can adjust exposure to volatile pure-play space stocks.
Joe Lonsdale, co-founder of Palantir, publicly endorsed SpaceX and Anthropic as the leading companies in the AI race, citing their strong momentum and focus. While acknowledging OpenAI's capabilities, he suggested it may be losing ground due to compe...
Ahead of its mega-IPO, SpaceX revealed healthcare ambitions in its SEC filing, highlighting Starlink's role in improving remote healthcare access in underserved areas. The company also envisions manufacturing pharmaceuticals in orbit, leveraging micr...
North Carolina State Treasurer Brad Briner said the state's $200 billion pension fund will avoid investing directly in SpaceX's IPO due to its high $1.77 trillion valuation, which he believes leaves little room for gains. Instead, the fund has invest...
OpenAI has confidentially filed for an IPO with the U.S. Securities and Exchange Commission, potentially marking one of the largest public market debuts. Valued at over $850 billion, OpenAI is preparing to go public possibly in the fourth quarter of ...
Wall Street faces a critical week with key events including the US Consumer Price Index report expected to show rising inflation, Apple's annual developer conference focusing on AI updates, and the highly anticipated SpaceX IPO aiming to raise $75 bi...
