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SpaceX moves Starship launch attempt to Thursday
Reuters26d agoneutral
SpaceX moves Starship launch attempt to Thursday

SpaceX is targeting Thursday, July 23, for another attempt to launch its Starship ‌rocket, the company said in a statement on ‌Sunday. SpaceX CEO Elon Musk posted on X later on Sunday that the ​next Starship launch would occur on Friday, contradicting the earlier statement from his company. On July 16, SpaceX's ‌Starship rocket triggered a ⁠last-second abort before liftoff for its 13th flight test from Texas, which erased about $100 ⁠billion from the company's market value.

Bloomberg26d agoneutral
Big Tech Needs to Justify AI Spending as Investors Dump Stocks

(Bloomberg) -- After last week’s wipeout in chips and the broader selloff in technology stocks, pressure is building for the biggest spenders on artificial intelligence to justify their expenditures to beleaguered traders with increasingly itchy fingers hovering over their sell buttons.Most Read from BloombergUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz

SpaceX (SPCX) Loses Its IPO Premium as a Bigger Supply Test Looms
Insider Monkey27d agoneutral
SpaceX (SPCX) Loses Its IPO Premium as a Bigger Supply Test Looms

With investors increasingly questioning whether massive AI and infrastructure spending will generate adequate returns, Space Exploration Technologies Corp (NASDAQ:SPCX) has become one of the stocks caught in the broader valuation reset. SPCX has dropped below its $135 IPO price after a sharp rally to all-time highs of $225.64. With the stock trading at about $123, it […]

Bank of America revamps Tesla forecast before earnings
TheStreet27d agoneutral
Bank of America revamps Tesla forecast before earnings

Tesla (TSLA) CEO Elon Musk, whom JPMorgan CEO Jamie Dimon once called “our Einstein", has had plenty on his plate lately. SpaceX’s (SPCX) latest Starship launch was aborted, sending the stock tumbling below its IPO price to $123.99 on Friday, 45% below its post-listing peak, according to ...

EchoStar (ECHO) Stock Looks Cheap On Cash Flow As Sales Stay Rich
Simply Wall St.27d agoneutral
EchoStar (ECHO) Stock Looks Cheap On Cash Flow As Sales Stay Rich

EchoStar stock has delivered a very large 3-year gain, yet the valuation picture is split, with a Discounted Cash Flow (DCF) intrinsic value estimate pointing to meaningful upside while market-based multiples paint the shares as expensive. EchoStar has returned about 380.7% over the past 3 years, which puts extra attention on whether the current price still leaves room for a reasonable margin of safety. Recent analyst focus on the value of EchoStar's SpaceX stake and spectrum assets can...