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Argus upgraded SpaceX after quarterly revenue climbed 92% and its AI operation produced positive adjusted EBITDA.

The S&P 500 and Dow Jones hit highs while the Nasdaq raced above key levels as oil prices and yields fell. Palantir, Cloudflare and SpaceX were big movers amid earings.

SpaceX is poised to close out a pivotal week in the green, with the stock fighting higher over the past five sessions after reporting its first earnings report as a public company and the largest share unlock in its brief trading history.

Analyst upgrades SpaceX stock to buy on its AI investment payback timeline. Rocket Lab jumps near key line after 92nd Electron mission.

Trading in SpaceX options ramped up yesterday, hitting the highest level since mid-June. Some of the most actively-traded bets were put options pegged to the shares falling to $100 or $105, Cboe Global Markets data show.

A wave of SpaceX shares become available for trade Thursday as lockup expires. Cathie Wood, retail investors buy falling SPCX stock.

By Satoshi Sugiyama TOKYO, Aug 6 (Reuters) - Asian shares took a breather on Thursday after an AI-driven surge the previous day, while oil prices traded in a tight range as markets assessed prospects

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Stock Market Today: The Dow Jones index rises Wednesday after surprise jobs data. AMD stock and SpaceX plunge on earnings.

SpaceX Corp (NASDAQ:SPCX) did almost everything investors had asked of it in its first quarterly report as a public company, and the shares fell anyway. Revenue of $7.8 billion for the April to June quarter came in ahead of the $6.81 billion analysts had pencilled in, and adjusted earnings...

SpaceX reports record Starlink subscriber growth and massive AI infrastructure expansion, positioning for $100 billion annualized revenue run rate by year-end.

SpaceX announced its first earnings since its June IPO, cutting its losses and growing its revenue more than expected.

SpaceX's revenue jumped 92 percent in the second quarter, beating analyst expectations by around $1 billion in its first post-IPO earnings report, but shares tumbled as investors remained skeptical about the company's ability to deliver on lofty promises. Investors remain skeptical even with SpaceX beating expectations, Emarketer Senior Analyst Gadjo Sevilla told AFP.  "I don't think people want to hear promises about the next five years or a mission to Mars," Sevilla said. 

SpaceX exceeded revenue expectations and reduced its losses in its initial quarter as a publicly traded company , delivering sharp increases in all three of its divisions: space, connectivity and AI.

SpaceX's revenue jumped 92 percent in the second quarter, beating analyst expectations by around $1 billion in its first earnings report since going public in June, the company announced Tuesday.Investors remain skeptical even with SpaceX beating expectations, Emarketer Senior Analyst Gadjo Sevilla told AFP.  "I don't think people want to hear promises about the next five years or a mission to Mars," Sevilla said. 

SpaceX’s capital expenditure was dominated by AI-related costs in the quarter and came in at $18.4 billion.

SpaceX reported on Tuesday a 92% rise in revenue for the April-June quarter, in its first earnings since going public, buoyed by strong growth in its Starlink satellite-internet and AI businesses. The company said it invested $18.37 billion in AI infrastructure, Starship and Starlink expansion. The stock could face additional pressure from the expiry of SpaceX's post-IPO lock-up period starting on Thursday, which may unleash a wave of insider and early-investor shares on the market.

SpaceX reported first-quarter sales of $7.8 billion and earnings before interest, taxes, depreciation, and amortization, or Ebitda, of $3.5 billion. Wall Street was looking for $6.8 billion and Ebitda of $2.

US equities rallied intraday, fueled by upbeat earnings reports and hopes that the Strait of Hormuz

Space stocks are surging ahead of SpaceX's first-ever public earnings report, but with prediction markets flagging a 70% chance of a miss and a 911-million-share lockup expiry days away, traders face a tense setup that could cut either way.

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock

US equity futures were higher pre-bell Tuesday as technology-related stocks were on the upswing, hig

Retail traders remain wary. Sentiment on Stocktwits shows they remain ‘bearish’ on SPY and QQQ.

Dow Jones Futures: Trump's Iran comments sparked a big stock market rally Monday. Palantir soared on earnings, while SpaceX earnings are due.

The Ark Invest founder is betting big on SpaceX.

Suze Orman walked through a real SpaceX IPO trade that turned $10,000 into roughly $5,600 in seven weeks, and her lesson has nothing to do with rockets or Elon Musk.

SpaceX nears deal for a new spaceport in Louisiana. Elon Musk seeks AI engineers. Defunct Falcon 9 stage to crash into moon. SPCX stock rises ahead of earnings.

Tech stocks coverage for the week of Aug. 3.

SpaceX reported second quarter results on Tuesday that topped estimates — its first report as a public company — which comes as the stock has been in a recent free fall.

Earnings continue to be the market's engine, and a series of results this week from Palantir, SpaceX, and AMD are set to rev up stocks again.