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Why Optimum Communications (OPTU) Stock Is Nosediving
StockStory39d agoneutral
Why Optimum Communications (OPTU) Stock Is Nosediving

Shares of telecommunications and cable services provider Optimum Communications (NYSE:OPTU) fell 7% in the afternoon session after the broader telecom sector faced selling pressure amid reports that Starlink could enter the retail mobile market.

Exclusive-Energy drink and supplements company Nutrabolt picks banks for US IPO, sources say
Reuters39d agoneutral
Exclusive-Energy drink and supplements company Nutrabolt picks banks for US IPO, sources say

NEW YORK, June 30 (Reuters) - Nutrabolt, an energy drink and supplements company, has picked investment banks to lead an initial public ‌offering that could raise up to $1 billion, according to four people familiar with ‌the matter. Based in Austin, Texas, the company behind energy drink C4 and nutrition brand Bloom is working with ​banks including JPMorgan, Goldman Sachs and Bank of America, the sources said, requesting anonymity to discuss a private matter.

Starlink just notched a win U.S. investors should watch
TheStreet39d agoneutral
Starlink just notched a win U.S. investors should watch

The biggest moves in a stock rarely start where investors are looking. They start in places that never reach the U.S. business pages. Right now, Wall Street is fixated on one name above almost all others. SpaceX (SPCX) went public on June 12 in the largest initial public offering in history, and ...

Planet Labs Spikes 8%, Rocket Lab Gains 5%, SpaceX Climbs 4% as the Space Rally Rolls On
24/7 Wall St.39d agobullish
Planet Labs Spikes 8%, Rocket Lab Gains 5%, SpaceX Climbs 4% as the Space Rally Rolls On

The space rally that kicked off yesterday is rolling straight into Tuesday’s session. Planet Labs (NYSE:PL) stock is up 8% to $33.65, Rocket Lab (NASDAQ:RKLB) stock is up 5% to $102.75, and SpaceX (NASDAQ:SPCX) stock is up 4% to $170.12 in midday trading. This looks like a broad move across the sector. All three pure-play ... Planet Labs Spikes 8%, Rocket Lab Gains 5%, SpaceX Climbs 4% as the Space Rally Rolls On

The Next Space Race: Could the U.S. Tech Boom Send SPCX Past $3 Trillion by 2027?
24/7 Wall St.39d agoneutral
The Next Space Race: Could the U.S. Tech Boom Send SPCX Past $3 Trillion by 2027?

SpaceX (NASDAQ:SPCX) is surging back again after a brief fall from its highs. SPCX stock is up by almost 11 days in the past five trading sessions and is likely set to continue moving higher in the coming days as the broader rally shows no sign of stopping. In fact, many analysts (retail and the suits) ... The Next Space Race: Could the U.S. Tech Boom Send SPCX Past $3 Trillion by 2027?

Rocket Lab Stock Surges as Iridium Deal Feeds Market Appetite for Space
Barrons.com39d agobullish
Rocket Lab Stock Surges as Iridium Deal Feeds Market Appetite for Space

Rocket Lab stock was up 3.1% at $100.94 in premarket trading, while the and were up 0.2% and 0.1%, respectively. The move follows on Monday’s massive 15.9% gain, which came after Rocket Lab agreed to buy Iridium for $54 a share, turning Rocket Lab into a mini- SpaceX with the ability to launch rockets, build satellites, and operate a communications network in space.

Does It Still Make Sense to Buy SpaceX Stock at Over $160?
24/7 Wall St.39d agobullish
Does It Still Make Sense to Buy SpaceX Stock at Over $160?

The post-IPO boom phase for those red-hot shares of Space Exploration Technologies (NASDAQ:SPCX) didn’t seem to last very long, peaking at just north of $200 per share before plunging as low as the low-$150 levels, well below the day-one opening close. Indeed, if you didn’t buy on the first day of trading, patience was rewarded ... Does It Still Make Sense to Buy SpaceX Stock at Over $160?

Tesla and SpaceX Are Joined at the Hip. That Makes a Strange Kind of Sense.
Barrons.com39d agobullish
Tesla and SpaceX Are Joined at the Hip. That Makes a Strange Kind of Sense.

SpaceX stock and Tesla shares are doing something surprising: They are rising and falling together. Shares of Elon Musk’s rocket and AI company were down 0.2% in early trading at $163.92, while the and were up 0.1% and flat, respectively. SpaceX stock gained 7.2%, its best day since June 15, which was the second day of trading post-IPO.