SpaceX remains a buy as its shares show resilience amid market volatility and lock-up expirations. The company reported a 90% revenue increase in Q2 to $7.8 billion and reduced net losses, driven by aggressive AI expansion and strong growth in Starlink subscribers. Management aims for a $100 billion annual revenue run-rate by December 2026, with AI as the key growth driver and new major cloud contracts secured. While valuation assumptions are high, technical indicators suggest a bullish outlook, with potential price targets between $170 and $175 if the stock breaks above $155, supported near its IPO price.
Roundhill Investments has launched the Roundhill Magnificent Seven Plus ETF (MAGP), the first ETF to include the original Magnificent Seven tech giants alongside Anthropic, OpenAI, SpaceX, and Broadcom. This ETF offers investors exposure to leading A...
SpaceX's stock is forecasted to reach $195 by the end of Q1 2027, a 36% increase from its current price, driven by rapid growth in AI infrastructure and Starlink subscriptions. The company reported significant revenue and profit improvements in Q3 20...
Anthropic plans to raise up to $64.4 billion in its IPO with shares priced between $70 and $78, implying a valuation near $1 trillion at the high end. Combined with a private placement, the total deal could reach $90.4 billion, surpassing SpaceX's re...
SpaceX has requested a property tax break from Starbase, Texas, for a $24 billion project involving a gas-fired power plant and a supercomputer facility. The project aims to provide SpaceX with its own power supply to avoid delays linking to the Texa...
Rocket Lab's stock fell 9% after its Q3 report showed record backlog but a wider-than-expected loss, driven by one-time costs and delayed Neutron rocket launch. AST SpaceMobile dropped 6% following a price target cut by Bank of America due to slower ...
