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.
SpaceX's stock dropped 3% even after securing a $40 billion lease for NVIDIA GPUs and Fitch Ratings maintaining its BBB+ credit rating. The lease supports SpaceX's growing AI compute business, which now generates significant revenue but also shows cu...
The market is seeing a surge in new equity supply, highlighted by SPCX's record IPO and large secondary offerings from Alphabet and Meta Platforms. This influx is driven by hyperscaler capital expenditures expected to reach $800 billion by 2026, caus...
SpaceX currently holds $93.5 billion in cash and cash equivalents, about six times more than Tesla's $15.2 billion. Including short-term investments, SpaceX's total liquidity is around $100 billion, roughly 2.3 times Tesla's $43.5 billion. This posit...
Tesla's stock price rose above $400 for the first time since July, driven by speculation of a potential merger with SpaceX, although no formal agreement has been signed. The merger talks involve special committees from both companies, but approval re...
Tesla's stock closed up 4% at $407 following speculation about a possible merger with SpaceX, which Elon Musk supports and Wall Street sees as having a 52% chance. The merger could reshape shareholder value, with potential outcomes including a premiu...
