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President Donald Trump met with the CEOs of Boeing, Lockheed Martin, and Honeywell at the White House on Wednesday, pressing them to speed up weapons production hours after the White House asked Congress for $87.6 billion in supplemental spending tied largely to the Iran war, according to CNBC. The ...
The defense contractor said the award is one of the first major procurement contracts executed under the Defense Department’s effort to stockpile weapons in the next few years.
Investing.com -- Investors are closely watching Federal Reserve Chair Kevin Warsh’s first FOMC meeting and the outlook for crypto legislation in Congress, according to Wolfe Research.
Investing.com-- General Motors (NYSE:GM) is in talks with Lockheed Martin (NYSE:LMT) to manufacture components for the defense contractor’s weapons systems, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
The automaker seeks to grow its defense subsidiary as the U.S. aims to replenish munitions supplies.
Elon Musk’s SpaceX, which is likely to get a $1.8 trillion price tag when it debuts on the Nasdaq next week, carries a host of superlatives. Part of the problem is SpaceX itself. The company combines Musk’s space, satellite, social media, and artificial intelligence divisions, and is expected to float 555 million shares next week with a share price of around $135.
SpaceX’s S-1 just handed legacy defense investors a number they cannot ignore. And you can bet they won’t. In 2025, roughly one-fifth of SpaceX revenue came from U.S. federal agencies, primarily NASA, the Department of War, the General Services Administration, and certain Intelligence Community agencies, focused on launch services, spacecraft development, satellite deployment, and artificial ... One-Fifth of SpaceX Revenue Comes From Uncle Sam: The Defense Contractors That Should Worry
SpaceX said it employed "over 22,000" people as of March 31, putting it well down the ranks of publicly traded aerospace and defense companies. It said none of them are unionized and doesn't break out how many are in the U.
Recent presidents have stayed away from trading stocks in companies whose fortunes they could lift or scuttle with the stroke of a pen, but Donald Trump smashed that precedent in the first quarter of this year with more than 3,600 buy and sell orders, many of them involving companies whose profits have been directly impacted by his decisions as head of the government. Among the Trump trades in a recent report filed with a federal ethics agency was as much as $6 million in Nvidia, whose advanced chips Trump approved for sale to China last year. “If he were defense secretary, he would be committing a crime,” said Richard Painter, the chief White House ethics adviser in the George W. Bush administration and a big critic of congressional trading, too.
The U-2 stopped flying over Russia after one was shot down in 1960. But the plane remained an asset for U.S. intelligence.
(Bloomberg) -- Elon Musk said he’s back in Texas working on plans for an initial public offering of SpaceX as the rocket and artificial intelligence company gears up for the largest listing of all time. Most Read from BloombergWinners and Losers From Trump and Xi’s Beijing Summit TalksHormuz Oil Flows Creep Higher as More Supertankers ExitUS, Iran Stall on Hormuz Reopening as Oil Supplies TightenUS and Iran Far From Deal as Bond Rout Piles Pressure on TrumpTrump Gets Revenge on Republican Who Vo
The defence industry, long considered a value trade, has in the past few years become a growth play. Global conflict is on the rise, and technology...
(Bloomberg) -- The official leading President Donald Trump’s Golden Dome contested an estimate that the highly secretive missile defense shield would cost six times more than forecast, raising questions around the true price tag of the administration’s project.Most Read from BloombergWinners and Losers From Trump and Xi’s Beijing Summit TalksHormuz Oil Flows Creep Higher as More Supertankers ExitWhat Is The Thucydides Trap and Why Did Xi Raise It With Trump?Iran’s Kharg Island Oil Jetties Empty
Investing.com -- A majority of SpaceX shareholders have approved a 5-for-1 stock split recommended by the company’s board of directors, according to a Bloomberg News report citing people familiar with the matter.
President rejects Iran’s response, Warsh’s favored inflation measure, airlines are raising bag fees, and more news to start your day.
There are a bunch of space-themed ETFs, a mix of actively managed and index funds. But just one has access to SpaceX ahead of its eagerly awaited debut.
(Bloomberg) -- Secretary of State Marco Rubio approved the sale of hundreds of prized air-defense interceptors and other weapons to Middle East partners in deals worth $25.8 billion, three times the amount disclosed when the administration announced the agreements last week.Most Read from BloombergBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsUS Has Opened a Passage Through Hormuz, Central Command SaysDOJ Plans Intervention in Trump Supreme Court Carroll AppealChin
Markets can handle bad news. What they struggle with is uncertainty. That’s why investors have spent much of 2026 reacting just as much to geopolitical headlines as to earnings reports — from Iran tensions to tariff threats to the growing militarization of trade routes. Now President Donald Trump has opened another front investors may need ... Trump Says U.S. Ground Forces Will Fight Mexico’s Drug Cartels: ‘If They’re Not Gonna Do the Job, We Will.’
IPG Photonics (NASDAQ:IPGP) reported first-quarter 2026 results that exceeded management’s expectations, with revenue rising 17% year over year to $265 million, as improved demand—particularly tied to battery manufacturing and medical applications—supported growth, executives said on the company’s e
(Bloomberg) -- Efforts continued to broker an end to the Iran war, now into its third month, as US President Donald Trump suggested the Islamic Republic’s latest peace proposal might not be enough to satisfy him.Most Read from BloombergSupertanker Appears to Have Crossed the Strait of HormuzWorld’s Largest Container Carrier Plans Route Avoiding HormuzBeijing Tells China Firms to Ignore US Sanctions on RefinersPhilippines Says Thousands Evacuated as Mayon Volcano EruptsIran Juggles Oil Cuts and S
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