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SpaceX wins $2.3B US Space Force contract to build military satellite network

Market News
27 May 2026
Proactive Investors
View Source
Bullish
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SpaceX has secured a $2.29 billion contract from the US Space Force to develop the Space Data Network Backbone, a low-Earth orbit satellite system for secure, high-speed military communications. This network will enhance real-time data sharing for missile tracking and defense, forming a key part of the Pentagon’s missile defense architecture. SpaceX must deliver a working prototype by the end of 2027, supporting global connectivity for US military operations.

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Law firm investigates fiduciary breaches at Badger Meter, GeneDx, GRAIL, and Verra Mobility for misleading shareholders.

Law firm investigates fiduciary breaches at Badger Meter, GeneDx, GRAIL, and Verra Mobility for misleading shareholders.

Grabar Law Office is investigating potential breaches of fiduciary duties by officers and directors at Badger Meter, GeneDx Holdings, GRAIL, and Verra Mobility. These investigations follow allegations that these companies made false or misleading sta...

Market News
Bearish
23 minutes ago
iQor opens new 500-seat delivery center in New Cairo, planning to grow to 5,000 employees in 5 years.

iQor opens new 500-seat delivery center in New Cairo, planning to grow to 5,000 employees in 5 years.

iQor has launched a new customer experience delivery center in New Cairo, Egypt, starting with 500 seats and aiming to expand to 5,000 employees over five years. This move is supported by the Egyptian government through partnerships with ITIDA and MC...

Company Fundamentals
Bullish
1 hour ago
Crédit Agricole Brie Picardie repurchases 22,829 shares over five days under MAR rules.

Crédit Agricole Brie Picardie repurchases 22,829 shares over five days under MAR rules.

Crédit Agricole Brie Picardie conducted share buybacks totaling 22,829 shares from June 15 to June 19, 2026, with daily volumes ranging from 2,147 to 6,656 shares at prices between €36.75 and €37.79. These repurchases were made in compliance with Art...

Market News
Neutral
1 hour ago
State Street Global Advisors increases stake in DCC plc to nearly 1.4% with recent share purchases.

State Street Global Advisors increases stake in DCC plc to nearly 1.4% with recent share purchases.

State Street Global Advisors & Affiliates disclosed an increase in their holdings of DCC plc ordinary shares to 1,194,754 shares, representing approximately 1.39861% of the company. The transactions occurred on June 19, 2026, involving multiple purch...

Market News
Neutral
1 hour ago
Qualcomm stock rises on AI, PC market growth; analyst raises price target to $200

Qualcomm stock rises on AI, PC market growth; analyst raises price target to $200

Qualcomm is expanding beyond smartphones into automotive, computing, and AI markets, highlighted by its new Snapdragon C Platform for entry-level PCs. Cantor Fitzgerald raised its price target for Qualcomm to $200, though the stock currently trades a...

Market News
Bullish
2 hours ago
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