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 SpaceMobile and Rocket Lab, which dropped 4% and 3% respectively. The insider unlock is part of a staggered schedule that keeps potential selling pressure in the market over several months, rather than a single event. Investors will watch upcoming trading sessions and volume patterns to gauge how much of the unlocked shares are actually being sold and how this impacts the sector's outlook.
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...
Wall Street analyst Jeffrey Wlodarczak from Pivotal Research initiated a 'Buy' rating for SpaceX stock, highlighting Starship's reusability as the critical factor for the company's growth and valuation. He set a 12-month price target of $220, suggest...
President Trump declared the Moon as U.S. property on social media, though this does not change the 1967 Outer Space Treaty. However, the U.S. Fiscal Year 2027 budget boosts the Space Force funding by $39.4 billion to $71.2 billion, driving record co...
