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Investing.com - U.S. stock futures pointed lower on Wednesday as investors awaited fresh remarks from Federal Reserve Chair Kevin Warsh and monitored uncertain peace talks between the United States and Iran.
Building a moon base has been atop NASA’s to-do list. The agency doled out new contracts to help inform how to set up the lunar outpost. Firefly Aerospace, Intuitive Machines and Astrobotic won awards to ferry an identical set of payloads to the lunar surface by the end of 2028.
Shares of Elon Musk's rockets-to-AI firm SpaceX dropped nearly 9% on Thursday, as the post-IPO frenzy that briefly placed it among the top five most valuable companies of the world appeared to fizzle out. Its shares were last down 8.8% to $174.8, after falling nearly 5% in the last session. Despite the losses, the stock still traded more than 29% above its $135 offering price.
Intuitive Machines has pulled back roughly 28.6% from its recent 52-week high amid a broader space sector selloff ahead of the anticipated SpaceX IPO.
S3 Partners said short exposure of $118.3 million exceeds the combined active and passive institutional long positions.
ASTS faced additional pressure after Blue Origin's latest New Glenn anomaly.
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