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Starlink 'Unbelievable Juggernaut Cash Machine,' Says VC David Friedberg; SpaceX CEO Elon Musk Responds With $1 Trillion+ Annual Revenue Projection
Benzinga3d agoneutral
Starlink 'Unbelievable Juggernaut Cash Machine,' Says VC David Friedberg; SpaceX CEO Elon Musk Responds With $1 Trillion+ Annual Revenue Projection

Space Exploration Technologies Corp. (NASDAQ:SPCX) CEO Elon Musk believes Starlink could become a massive business, with AI and robotics driving bandwidth demand and potentially pushing annual revenue above $1 trillion. Starlink Could Become a Cash Machine Earlier this week, former Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) executive and venture capitalist David Friedberg made a bullish case on the latest episode of the All-In podcast, citing Starlink’s rapid subscriber growth and strong financi

Jim Cramer Is Telling Investors to Accumulate SpaceX for the Long Term
Insider Monkey4d agoneutral
Jim Cramer Is Telling Investors to Accumulate SpaceX for the Long Term

During CNBC’s Mad Money episode aired on August 5, Jim Cramer addressed investor concerns surrounding Space Exploration Technologies Corp. (NASDAQ:SPCX) and its immense capital requirements. Explaining why he remains bullish on SpaceX’s long-term trajectory despite the massive expenditures involved, Cramer stated: I want to take this moment to explain why the stock might be valuable […]

Bloomberg5d agoneutral
Pentagon Sets Funds, Dates for Secret Golden Dome Space Program

(Bloomberg) -- The Pentagon aims to conduct the first tests for its futuristic space-based missile defense program by yearend, with flight demonstrations of the unproven technology slated for 2027, people familiar with the matter said.Most Read from BloombergOpenAI’s New Device Will Be Hockey Puck-Sized and Cost Over $300Iran Wants to Bar US, Israeli Ships From Hormuz in Peace AccordIran Says Agreement on Hormuz Shipping Reached With OmanTrump Administration Considers Order on Autism and Vaccine

So Much for Those End-of-Lockup SpaceX Fears
The Wall Street Journal5d agoneutral
So Much for Those End-of-Lockup SpaceX Fears

SpaceX insiders don't appear to be cashing in in a big way—at least not yet. The rocket maker's shares recently catapulted 12% higher, extending Thursday's gains to claw back a post-earnings selloff and then some.