SpaceX's Starship rocket test launch was automatically aborted seconds before liftoff due to a failure in igniting four of its 33 Raptor engines. This triggered the rocket's safety system to shut down all engines and keep the vehicle on the launch pad, leading to a 4% drop in SpaceX shares, which opened below the IPO price of $135. CEO Elon Musk announced plans to replace two engines and attempt another launch early next week. The mission was to carry 20 upgraded Starlink satellites to test orbital communications, following FAA clearance after a previous test incident in May.
Short interest in SpaceX shares dropped sharply from 34% last week to about 11% on Wednesday, driven by bearish investors closing positions and a major lockup expiration that expanded the tradable float. This decline coincided with a strong rebound i...
SpaceX shares rose 5% following a successful Starlink satellite launch and a bullish Morgan Stanley note highlighting its AI business potential. Intuitive Machines shares gained 3% ahead of its Q2 2026 earnings report, boosted by new contracts and ac...
Norway's Government Pension Fund Global disclosed a 0.05% stake in SpaceX valued at about $1.23 billion as of June 30, 2026. This stake represents roughly 6.59 million shares, with SpaceX's stock trading near its IPO price and a market cap of $1.8 tr...
SpaceX shares have surged nearly 28% recently, nearing their $135 IPO price as investors weigh Elon Musk's ambitious $1 trillion revenue target by 2030. While the company's rapid growth and AI projects like Grok and Cursor offer potential, the timeli...
SpaceX is rapidly evolving from a rocket and connectivity firm into a major AI compute provider, with AI revenues hitting $2.6 billion in Q2, up 247% year-over-year. This growth is expected to make AI the company's main revenue source by Q3, signalin...
