Virgin Galactic's stock dropped 32% following court approval of a shareholder settlement, sparking concerns over cash flow and share dilution amid ongoing losses. In contrast, AST SpaceMobile gained 10% due to strong partnerships and satellite deployment plans, reaffirming revenue guidance. Planet Labs rose 9% on record revenue growth and major government contracts. The divergence highlights a split between speculative trades tied to SpaceX IPO expectations and companies with tangible operating momentum. Investors should watch for updates on Virgin Galactic financing, SpaceX IPO timing, and operational news from AST SpaceMobile and Planet Labs.
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...
