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SpaceX lands $6.45B in U.S. Space Force contracts ahead of record IPO

Market News
29 May 2026
TechCrunch
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Bullish
pluang ai news

SpaceX has secured $6.45 billion in contracts from the U.S. Space Force to build satellites for missile and air defense systems and a low-Earth orbit communications network. These contracts highlight SpaceX's significant reliance on government business, which accounted for 20% of its 2025 revenue. The deals come just before SpaceX's anticipated record-breaking IPO, underscoring its dominant position in the space launch market and close ties with the Trump administration. However, SpaceX warns that government policy changes could impact its business going forward.

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Partners Group H1 profit drops 13% amid leadership changes and lower performance income

Partners Group H1 profit drops 13% amid leadership changes and lower performance income

Partners Group reported a 13% decline in first-half 2026 profit to CHF 502 million, driven by a 39% drop in performance income despite a 6% rise in management income. Revenue fell 7% to CHF 1.12 billion, affected by weaker performance income and curr...

Company Fundamentals
Bearish
1 hour ago
Bunzl PLC beats earnings estimates, raises margin forecast, and launches £500M share buyback.

Bunzl PLC beats earnings estimates, raises margin forecast, and launches £500M share buyback.

Bunzl PLC reported stronger-than-expected financial results with an EPS of $0.60, surpassing the $0.56 consensus. Revenue reached $8.04 billion, driven by a 3.2% underlying growth, especially in North America. The operating margin improved to 7.3%, p...

Company Fundamentals
Bullish
2 hours ago
Palo Alto Networks expects strong Q3 earnings and revenue growth amid positive cybersecurity trends.

Palo Alto Networks expects strong Q3 earnings and revenue growth amid positive cybersecurity trends.

Palo Alto Networks is set to report strong earnings per share (EPS) of $0.98 and revenue of $3.35 billion for the upcoming quarter, reflecting significant growth from last year. Investor optimism is driven by robust cybersecurity sector trends and a ...

Company Fundamentals
Bullish
2 hours ago
Medtronic beats Q3 earnings and revenue estimates, boosts outlook with $700M investment in Heart Tech and Robotics.

Medtronic beats Q3 earnings and revenue estimates, boosts outlook with $700M investment in Heart Tech and Robotics.

Medtronic reported Q3 earnings per share of $1.45, surpassing estimates of $1.39, and revenue of $9.76 billion, above the $9.55 billion consensus. The strong financial results reflect broad demand for its cardiovascular devices. The company raised it...

Company Fundamentals
Bullish
3 hours ago
Dell Technologies set for record Q2 earnings driven by AI server demand and strong revenue growth.

Dell Technologies set for record Q2 earnings driven by AI server demand and strong revenue growth.

Dell Technologies is expected to report record second-quarter earnings with EPS around $4.91 and revenue near $44.89 billion, fueled by high demand for its AI-optimized servers. This would mark a significant increase from last year's $29.78 billion a...

Company Fundamentals
Bullish
3 hours ago
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