Space stocks traded unevenly Thursday morning following Intuitive Machines' Q2 earnings report, which showed record revenue but missed expectations and a wider loss. Despite the miss, new contract awards and backlog growth helped limit the selloff, signaling investor interest at lower prices. SpaceX shares pulled back after a strong weekly rally driven by AI revenue growth and new product releases, while Rocket Lab gained on strong revenue and backlog increases. AST SpaceMobile gave back some recent gains after missing revenue targets but remains up for the week. Overall, the sector is seeing rotation as investors weigh earnings results and growth prospects across different space companies.
Elon Musk disclosed a 48.4% stake in SpaceX, worth over $900 billion, maintaining control with more than 82% voting power after its June IPO. SpaceX's stock price recovered above its IPO level following a strong Q2 report showing 92% revenue growth a...
Anthropic confidentially filed for a US IPO targeting a Nasdaq listing in late 2026 with a valuation near $965 billion and aims to raise over $60 billion. If Nasdaq applies its accelerated inclusion rule, similar to what it did for SpaceX, millions o...
SpaceX debuted with a $1.77 trillion IPO valuation but saw its stock drop below the IPO price following a disappointing Q2 2026 earnings report. The company reported $18.4 billion in capital expenditures, with 86% dedicated to AI infrastructure, rais...
SpaceX shares surged about 10%, rising 35% from recent lows, driven by excitement over its AI coding firm Cursor. Analysts highlight Cursor's potential to generate significant revenue, with Morgan Stanley projecting annual recurring revenue growth fr...
Elon Musk's SpaceX announced it will exclusively use Nvidia's AI chips, praising them as the best. This loyalty deal likely secures SpaceX priority access to Nvidia's cutting-edge GPUs amid high demand, benefiting both companies. Nvidia shares rose o...
