Tag: Space Exploration Technologies Corp
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CNBC Daily Open: Chipping away at the AI boom
Another sharp sell-off in AI-related stocks shows the cracks could be worsening in the tech bull market.
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CNBC Daily Open: Apple reclaims its crown, SpaceX returns to Earth
Nvidia has been dethroned by Apple, with the company reaching a market cap of $4.95 trillion.
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SpaceX has now lost the equivalent of a full Tesla in market capitalization
Elon Musk’s space company has wiped off more than $1.2 trillion in market cap since hitting a high of $225.64 per share in June.
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Amazon seeks federal approval to launch 5,105 satellites for direct-to-device network
The proposed network will partly rely on assets from Globalstar, which Amazon announced plans to acquire in April for roughly $11.6 billion.
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CME launches single stock futures enabling investors to trade SpaceX, Micron and others 23 hours a day
CME Group on Monday launched cash-settled single-stock futures on 55 U.S. equities, along with micro-sized contracts on 22 names.
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What more expensive corporate debt could mean for the AI buildout
Wider credit spreads are coming, and they will pressurize heavily indebted segments of the tech sector.
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SpaceX launches massive Starship rocket in first test flight since IPO
Elon Musk’s rocket maker is conducting the first test fight for its massive Starship rocket since the company’s IPO last month.
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Musk’s bad week: Tesla suffers worst slump since 2022, SpaceX drops ahead of Starship test flight
Tesla shares plunged almost 18% this week after the company missed on earnings and turned cash flow negative.
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Buy the dip case for Tesla diminishes due to stagnating fundamentals
Tesla has slumped more than 18% since its second-quarter earnings report after the market closed on Wednesday.
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