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Wall Street Is Bullish on SpaceX, Despite Recent Stock Weakness
The Wall Street Journal23h agoneutral
Wall Street Is Bullish on SpaceX, Despite Recent Stock Weakness

Wall Street has reached a broad consensus about SpaceX’s shares: investors should buy them. Among 25 analysts with a stock recommendation for the space-and-artificial intelligence company, 21 suggest purchasing the stock or have an “overweight” rating on it, according to a tally from FactSet. SpaceX’s stock has been trading under its IPO price of $135 over the last couple of weeks, weighed down in part by the expectation that insiders will start selling shares when lock-up periods preventing them from doing so expire.

Podcast: A Preview of SpaceX’s First Public Earnings
The Wall Street Journal1d agoneutral
Podcast: A Preview of SpaceX’s First Public Earnings

Elon Musk’s SpaceX today reports its first quarterly earnings as a public company. In the wake of its post-IPO stock drop and Tesla’s negative quarterly cashflow, what can investors expect? 🎧 The latest episode of the Tech News Briefing podcast gets into all of that.

Chinese robot maker Unitree seen worth over $7.4 billion yuan after IPO, Citic says
Reuters1d agoneutral
Chinese robot maker Unitree seen worth over $7.4 billion yuan after IPO, Citic says

Chinese robot maker Unitree Technology is expected to be valued ‌at more than 50 billion yuan ($7.4 billion) after its planned ‌Shanghai IPO, according to a report by Citic Securities, which is sponsoring the initial ​public offering. Citic Securities expected the Hangzhou-based company to be worth 50.6 billion to 55.9 billion yuan six to 12 months after listing later this month. The valuation report, distributed to investors and seen by ‌Reuters, is largely seen ⁠as guidance ahead of Wednesday's IPO price enquiry.

How SpaceX Stock Will Trade After Earnings.
Barrons.com1d agoneutral
How SpaceX Stock Will Trade After Earnings.

Early trading in SpaceX stock has been wild. Coming into earnings, SpaceX stock was down 15% from its $135 IPO price and 43% from its record closing high of $201.80, reached on June 16. Recent short selling will only add to the SpaceX post-earnings volatility.

What to Watch for in SpaceX’s Earnings Report
The Wall Street Journal1d agoneutral
What to Watch for in SpaceX’s Earnings Report

SpaceX is due to release its first earnings report as a public company after the close today. Here’s what to look for in its second-quarter performance: Starlink growth: SpaceX’s satellite internet product is the company’s cash cow.

Musk likely to face tough questions during SpaceX's first earnings call as a public company
Associated Press1d agoneutral
Musk likely to face tough questions during SpaceX's first earnings call as a public company

Investors in Elon Musk's space company get a chance to question him Tuesday after SpaceX issues its first quarterly earnings since going public. SpaceX shares are down by half from their June peak as investors worry Musk may have oversold them on its future prospects. Part visionary engineer, part stock salesman, Musk is likely to be asked about when he expects to finish testing SpaceX's giant Starship rockets that NASA hopes to use to put men on the moon again, his plans for its satellite network and the prospects of putting football-field sized datacenters in orbit.

A ‘Magnificent’ Monday
The Wall Street Journal1d agoneutral
A ‘Magnificent’ Monday

Here's a look at the Magnificent Seven tech stocks, which are on quite a roll. The megacap stocks have added about $800 billion in market cap today alone, adding to about $1.1 trillion over the past two trading sessions, according to Dow Jones Market Data.

Will SpaceX paint its rocket pink? Investor questions go beyond Moon and Mars ahead of first results
Reuters4d agoneutral
Will SpaceX paint its rocket pink? Investor questions go beyond Moon and Mars ahead of first results

SpaceX's first earnings call as a public company may be expected to focus on AI spending and profits from its Starlink satellite communications network, but many retail investors have other ‌things on their minds. Taking a page from Elon Musk's other big company, Tesla, newly public rocket maker SpaceX ‌has opened an online venue for investors to ask questions ahead of a call about results that is expected to feature Musk. Among the most popular shareholder questions submitted ahead of Tuesday's call were requests for more footage of Starship's Human Landing System, the vehicle designed to carry astronauts to the moon for NASA's Artemis program next year.