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.
SpaceX is set to report its third-quarter earnings, with expectations of returning to profitability after a previous loss. Earnings per share are forecasted at 13 cents, compared to a loss of nine cents in the prior quarter. Sales are projected to re...
Many college and university endowments saw their values surge, gaining billions largely due to large stakes in SpaceX, Elon Musk's rocket company that went public recently. This has made these endowments less diversified and more vulnerable to potent...
AST SpaceMobile's stock rose 4% after Europe's four largest wireless carriers signed a letter of intent to explore a joint bid for mobile satellite services spectrum. This move could expand AST's BlueBird satellite network, which currently has 13 sat...
Elon Musk announced he will donate one SpaceX share to every child in America next year, potentially distributing over $10 billion worth of stock based on current prices. With over 70 million children in the U.S., the total value could rise significa...
Elon Musk announced he will give one SpaceX share to every child in the U.S. next year, totaling about $10.5 billion in shares. Musk owns approximately 4.8 billion shares, which represents nearly half of the company. With 72 million children under 18...
