Shares of major space companies like SpaceX, Rocket Lab, and AST SpaceMobile dropped Tuesday, driven by a broad selloff in AI hardware stocks and rising Treasury yields. While the overall Industrials sector gained, space stocks—classified under Industrials but characterized by high capital needs and future cash flow pricing—fell sharply due to their growth profile being vulnerable to higher interest rates. The selloff follows a strong month of gains fueled by solid earnings, but rising yields and risk-off sentiment are pressuring these long-duration growth stocks. Investors will watch if semiconductor stocks stabilize or if yields continue to rise, which could further impact space stocks.
SpaceX reported a 92% year-over-year revenue increase to $7.81 billion in Q2 2026, driven by growth in Starlink subscribers and AI segment expansion. Despite this strong revenue growth, the company continues to face operating and net losses, leading ...
Ray Dalio, founder of Bridgewater Associates, warns that the AI market in 2026 exhibits classic bubble characteristics similar to 1929 and 2000. He highlights the gap between actual cash and inflated valuations, where startups are valued at billions ...
SpaceX shares rose over 17% following a strong Q2 earnings report showing 92% revenue growth to $7.8 billion, driven by Starlink subscriber growth and AI services. However, Phillip Securities analyst Glenn Thum issued a 'Sell' rating, warning of a po...
SpaceX shares are set to open lower following the upcoming release of 319 million shares held by employees and early investors, becoming eligible for sale on August 20. This is the second major stock release since the company's record June IPO, follo...
Bernstein analyst Doug Harned raised SpaceX's price target to $248, highlighting the potential of orbital AI data centers to boost revenues to over $600 billion by 2031. Key to this growth is SpaceX's plan to achieve nearly one Starship launch per da...
