Space stocks are sharply declining in June, with companies like Virgin Galactic, Redwire, Intuitive Machines, and Momentus dropping around 50%. Other firms such as Planet Labs and Firefly Aerospace have also fallen over 40%. This downturn reflects waning investor enthusiasm and skepticism about high valuations in the space sector following the fading excitement around SpaceX. The trend highlights growing caution among investors about the profitability and growth prospects of space-related companies.
SpaceX is considering acquiring T-Mobile as a strategic move to expand its Starlink Mobile wireless service if it cannot secure a wholesale network deal with another company. Analyst Gregory Williams suggests T-Mobile is the most logical target due t...
SpaceX's IPO priced at $135 surged 50% to around $155, valuing the company near $2 trillion. Experts warn that while new MANGOS ETFs capture much of the AI sector, they exclude key players like Amazon and carry concentrated valuation risks. The tech-...
The U.S. Space Force awarded SpaceX a $4.16 billion contract for the Space-Based Airborne Moving Target Indicator (SB-AMTI) program, aimed at creating a satellite network to track airborne threats. Alongside SpaceX, Rocket Lab, Lockheed Martin, and L...
The Nasdaq 100 completed its June quarterly rebalance, replacing five legacy tech companies with five innovation-focused firms including CoreWeave and Rocket Lab. This shift reflects a move toward next-gen hardware, AI infrastructure, and space tech....
Reflection AI has secured a $6.3 billion deal with SpaceX for access to Nvidia's latest GB300 AI chips at the Colossus 2 data center near Memphis, Tennessee. Starting July 1, 2026, Reflection will pay $150 million monthly through 2029, with a flexibl...
