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On brink of IPO, Musk's SpaceX already a household name, Reuters/Ipsos poll finds
Reuters56d agoneutral
On brink of IPO, Musk's SpaceX already a household name, Reuters/Ipsos poll finds

Even before going public, Elon Musk’s SpaceX has become a household name in America — more widely recognized than legacy Apollo-era companies and even prominent 2028 presidential hopefuls, according to a Reuters/Ipsos ‌poll. For the last decade, SpaceX rockets have regularly returned to ocean platforms or giant mechanical arms on the launchpad in controlled ‌landings that resemble science fiction. Just 13% say they have never heard of SpaceX.

Defense Stocks Fall Despite Trump’s Promise of More Iran Strikes
Barrons.com57d agobearish
Defense Stocks Fall Despite Trump’s Promise of More Iran Strikes

President Donald Trump said Wednesday the U.S. would resume attacks on Iran, after a Shahed drone downed a U.S. Apache helicopter. “We’re gonna be attacking them, attacking them very hard,” Trump told reporters, according to The Wall Street Journal. Defense stocks were down in midday trading.

SpaceX's valuation overshadows these companies' combined market cap
Yahoo Finance Video57d agoneutralVIDEO
SpaceX's valuation overshadows these companies' combined market cap

Elon Musk's SpaceX (SPAX.PVT) is just days away from its scheduled IPO this Friday, June 12, currently valued at $1.75 trillion. Yahoo Finance Senior Business Reporter Ines Ferré breaks down the aerospace companies whose combined market caps fall just shy of SpaceX's valuation. SpaceX is expected to go public on the Nasdaq this week under the ticker SPCX, with the space operator aiming for an IPO price of $135 per share.

GE Aerospace Balances China Engine Reopening With New U.S. Navy Win
Simply Wall St.57d agoneutral
GE Aerospace Balances China Engine Reopening With New U.S. Navy Win

GE Aerospace, part of General Electric (NYSE:GE), signaled a major reopening for U.S. jet engine sales in China tied to a plan for the country to acquire 200 Boeing jets. The company also announced a propulsion power order from the U.S. Navy, expanding its role as a supplier to U.S. military programs. These moves point to fresh commercial and defense orders following recent diplomatic progress between the U.S. and China. For you as an investor, this places GE Aerospace at the intersection...

Boeing 777X Wins FAA Test Approval As Stock Trades Below Targets
Simply Wall St.57d agobullish
Boeing 777X Wins FAA Test Approval As Stock Trades Below Targets

Boeing received Federal Aviation Administration approval to begin Type Inspection Authorization Phase 4B certification flight testing for the 777X. The authorization marks a key step in the long delayed widebody program’s path through the regulatory process. This phase of testing is important for Boeing’s efforts to advance its flagship 777X toward eventual entry into commercial service. Boeing (NYSE:BA) is progressing with the 777X program at a time when the stock is trading around...

Saudi's new national carrier gets off ground despite war, delays
AFP57d agoneutral
Saudi's new national carrier gets off ground despite war, delays

Saudi Arabia launched its second national carrier Riyadh Air after more than a year of delays on Wednesday, defying the economic turmoil triggered by the Middle East war and strong competition from established Gulf airlines. "We want to bring glamour, we want to bring refinement, we want to bring grace back," Riyadh Air CEO Tony Douglas told AFP. The launch, originally planned for 2025, was set back by delivery delays from Boeing, which has suffered a series of manufacturing and safety problems

ITA Investors: Watch These Two Events Over the Next 30 Days
24/7 Wall St.58d agoneutral
ITA Investors: Watch These Two Events Over the Next 30 Days

The iShares U.S. Aerospace & Defense ETF (NYSEARCA:ITA) is sitting on a 34% one-year gain heading into June, with shares at roughly $235 and $13.5 billion in net assets. Two events in the next four weeks will largely decide whether ITA keeps running: the Pentagon’s FY2027 budget moving through Congress, and the June 29 Honeywell ... ITA Investors: Watch These Two Events Over the Next 30 Days

JOBY Stock: Are You Buying A Future Or A Mirage?
Trefis58d agobullish
JOBY Stock: Are You Buying A Future Or A Mirage?

With its aircraft now flying over major cities as part of its pre-commercial operational testing, Joby is making its vision tangible, but the stock's price and performance demand a clear-eyed look at the execution required to get there.

Jefferies, Wells Fargo Maintain Bullish Outlook on The Boeing Company (BA)
Insider Monkey58d agoneutral
Jefferies, Wells Fargo Maintain Bullish Outlook on The Boeing Company (BA)

The Boeing Company (NYSE:BA) is among the 10 Best Aerospace and Defense Stocks to Buy According to Hedge Funds. On June 4, Jefferies reiterated a Buy rating on the stock with a price target of $295. Earlier in the week, on June 1, Wells Fargo analyst David E. Strauss also maintained an Overweight rating on […]

GE Aerospace (GE) Anticipates More China Deals Following Trump-Xi Summit
Insider Monkey58d agoneutral
GE Aerospace (GE) Anticipates More China Deals Following Trump-Xi Summit

GE Aerospace (NYSE:GE) is among the 10 Best Aerospace and Defense Stocks to Buy According to Hedge Funds. On Sunday, the company’s CEO, Larry Culp, described China’s plan to acquire 200 Boeing jets as a significant step towards reopening sales in the country. During the interview with CNBC in Rio de Janeiro, Culp said that […]

GE Aerospace CEO Is Optimistic for More China Deals
Bloomberg59d agoneutralVIDEO
GE Aerospace CEO Is Optimistic for More China Deals

In an interview at the IATA annual meeting in Rio de Janeiro, GE Aerospace CEO Larry Culp remained optimistic that GE could secure more aircraft-engine orders from China following a meeting between President Donald Trump and his Chinese counterpart Xi Jinping in Beijing the previous month, after which their manufacturing partner, Boeing Co. secured an initial batch of commitments.