David H. Lerner highlights cautious optimism for SpaceX due to current valuation and expected volatility around the Starship launch, recommending patience before buying. Meta Platforms is gaining momentum driven by AI initiatives, prompting Lerner to rebuild his position with hopes for new highs if execution holds. Micron benefits from strong demand and long-term contracts, with incremental buying on dips targeting a 34% upside. Meanwhile, Bloom Energy and Credo Technology faced declines, but fundamentals and rebounds remain promising.
SpaceX's stock price climbed 4% to $139, surpassing its IPO value, driven by JPMorgan's reaffirmed 'Overweight' rating and $240 price target. The bank highlights SpaceX's expanding AI ambitions, especially after acquiring Cursor, which brings $4 bill...
EchoStar sold over $40 billion in spectrum, including to SpaceX, improving its liquidity but leaving its subsidiary Hughes Satellite Systems bankrupt with $1.5 billion in debt. Creditors allege EchoStar stripped assets from Hughes through above-marke...
Space Exploration Technologies Corp. (SpaceX) reached a $1.80 trillion market cap after its historic IPO and is advancing its Starship rocket for Starlink launches, moving away from Falcon 9. The company plans a $100 billion investment to build a new...
SpaceX announced a $100 billion investment in a new Starbase launch complex in Louisiana, aiming to start construction in 2027 and first launch in 2029. This massive spending dwarfs SpaceX's current annual space revenue by 23 times, reflecting a high...
Target's shares fell nearly 4% after it withdrew a Halloween costume criticized for racial insensitivity, highlighting the risks in its consumer-focused strategy. SpaceX announced plans to build a $100 billion Starship launch and production complex i...
