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Musk likely to face tough questions during SpaceX's first earnings call as a public company
Associated Press9d 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 Journal9d 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.

Tesla rival trims spending plans despite revenue beat
TheStreet9d agobullish
Tesla rival trims spending plans despite revenue beat

Valued at a market cap of $22 billion, electric vehicle manufacturer Rivian has underperformed the broader markets in recent years. Down 80% from all-time highs, the EV maker beat Wall Street revenue consensus estimates in Q2 and surprised investors with a lower capital spending forecast. For ...

Why Morgan Stanley won’t call Rivian a buy despite upgrade
TheStreet10d agobullish
Why Morgan Stanley won’t call Rivian a buy despite upgrade

Nine years ago, Tesla nearly drained its cash reserves trying to scale a new vehicle line, a stretch of chaos Elon Musk later called production hell. Rivian (RIVN) is now running its own version of that gauntlet with the R2, the affordable SUV meant to turn a niche automaker into a mass-market one. ...

Bloomberg10d agobearish
Banks Offload Risk from Leveraged ETFs With Exotic ‘Crash Puts’

(Bloomberg) -- Leveraged ETFs that offer the tantalizing prospect of doubling or tripling the daily returns of an individual stock are famously risky for investors who buy them. Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedSingapore's Gated Island for the Rich Is Marred by Decayed HomesIndia’s Family Offices Embrace Profit-Sharing to Attract Top TalentBessent Joins Japan to Help Reverse Months of Yen LossesSaudi Prince Concerned Over Trump’s Iran Strike Plan: Axios

Will SpaceX paint its rocket pink? Investor questions go beyond Moon and Mars ahead of first results
Reuters11d 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.

SpaceX to release first earnings report: What investors are looking for
Yahoo Finance Video12d agoneutralVIDEO
SpaceX to release first earnings report: What investors are looking for

Elon Musk's SpaceX (SPCX) is scheduled to release its first earnings report on Tuesday, August 4, since going public in June. Yahoo Finance Senior Transports Reporter Pras Subramanian outlines the areas that investors will be paying the most attention to, especially since SpaceX stock has sunk far below its IPO price.