SpaceX reported $7.8 billion in revenue for Q2 2026, surpassing analyst estimates of $6.93 billion and marking a 92% increase year-over-year. The company narrowed its GAAP loss to $0.09 per share from an expected $0.23, with net losses improving from $1 billion to $541 million. Strong growth was seen in its Connectivity segment, fueled by doubling Starlink subscribers and government contracts, alongside advances in AI compute agreements. Despite positive results, shares fell 5% due to concerns over rising capital expenditures and upcoming insider lockup expirations.
The 2026 IPO wave, led by AI-focused companies like Coreweave, is drawing comparisons to the late-stage exuberance of the 1999 Internet Boom and the 2021 SPAC surge. Coreweave raised $1.5 billion despite significant losses, and shares have since drop...
SpaceX stock fell 5% following the release of a $47.2 billion tranche of insider shares becoming sellable after the company's IPO lockup period. This large supply overhang pressured not only SpaceX but also other space-related stocks like AST SpaceMo...
An Anthropic safety researcher stated there is more than a 10% chance that AI could kill all humans within the next decade, highlighting serious concerns about AI safety and control. Another Anthropic employee resigned, accusing AI labs like Anthropi...
SpaceX shares rose 4% following Pivotal Research's initiation of coverage with a Buy rating and a $220 price target, significantly above current levels. The boost reflects strong growth in SpaceX's AI compute, Starlink, and launch businesses, with Q2...
Intel's stock surged nearly 20% recently, prompting Northland Securities analyst Gus Richard to upgrade it from 'Market Perform' to 'Outperform' with a $120 price target. The upgrade is driven by Intel's strong pricing power, major capital investment...
