Virgin Galactic's stock sharply dropped after the space-tourism company revealed plans to issue new shares to pay off debt. This decline followed a historic seven-day rally where shares surged 204.5%, partly driven by excitement around the upcoming SpaceX IPO. The company last flew a vehicle in June 2024 and aims to resume flights in late 2026. Investors reacted negatively to the dilution risk from new shares despite the company's efforts to strengthen its finances.
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...
