Short sellers have raised their bets against SpaceX to about 32% of its publicly tradable shares, totaling roughly $25 billion in bearish wagers. This surge comes ahead of SpaceX's first quarterly earnings report as a public company, set for August 4, which will provide key insights into its performance. Elon Musk responded by warning that investors betting against SpaceX have a low chance of success, emphasizing the company's ambitious goals and potential value. The stock recently rose 4%, recovering from a losing streak, as analysts remain optimistic about its long-term prospects despite skepticism about its valuation.
Anthropic, the AI company behind the Claude model, is preparing for its initial public offering, marking a significant moment for Wall Street and major tech firms. Big tech players like Alphabet, Amazon, and Microsoft have committed tens of billions ...
Intuitive Machines' stock rose 8% after NASA awarded it a third Earth science contract within six months for the FALCON-RADAR mission, set to launch no earlier than 2029. This contract adds to the company's record $1.8 billion backlog and supports it...
Wall Street analysts remain optimistic about SpaceX's stock, projecting up to an 80% increase by 2027 driven by expanding AI infrastructure and strong connectivity business. Bernstein and Phillip Securities recently raised their price targets signifi...
AI and chip stocks have collectively lost about $5 trillion in market value since early October, with major names like NVIDIA, Alphabet, SpaceX, and TSMC seeing significant declines. Hedge funds have cut their stock exposure by over 8% since June, ma...
SpaceX is negotiating with EchoStar to offer wireless services through the Boost Mobile brand, potentially expanding its reach in the U.S. telecom market. This move could address concerns about how SpaceX plans to reach customers and offset risks fro...
