Space stocks gained strongly on June 11, with Virgin Galactic leading a 20% intraday rise after completing a debt-for-equity swap to improve liquidity and reduce debt risks. Other space companies like AST SpaceMobile, Planet Labs, and Rocket Lab also rose 5-7% amid excitement ahead of the anticipated SpaceX IPO. The rally reflects both company-specific moves and broader sector enthusiasm, but these stocks remain volatile and mostly unprofitable. Investors should watch upcoming milestones and the SpaceX IPO debut for further direction.
Space-related stocks surged in after-hours trading as investors anticipate SpaceX's Nasdaq debut under ticker SPCX. Earlier declines in space stocks reversed as the IPO pricing reduced uncertainty, prompting a relief rally. Individual companies also ...
Iran's state media reported that Elon Musk's companies, including Starlink and X operations in the Middle East, have been added to Iran's military target list. This move is linked to Musk's companies' alleged cooperation with the US and Israeli milit...
Starlink, the satellite internet provider, has introduced a $10 monthly fee for renting its standard hardware kit in the US, a change from its previous free rental model. Customers can still buy the equipment outright, which may be more cost-effectiv...
Joe Lonsdale, co-founder of Palantir, publicly endorsed SpaceX and Anthropic as the leading companies in the AI race, citing their strong momentum and focus. While acknowledging OpenAI's capabilities, he suggested it may be losing ground due to compe...
Ahead of its mega-IPO, SpaceX revealed healthcare ambitions in its SEC filing, highlighting Starlink's role in improving remote healthcare access in underserved areas. The company also envisions manufacturing pharmaceuticals in orbit, leveraging micr...
