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Musk's SpaceX in talks to supply the Pentagon with computing power, WSJ reports
Reuters28d agoneutral
Musk's SpaceX in talks to supply the Pentagon with computing power, WSJ reports

Elon Musk's SpaceX is in talks to provide the U.S. Department of Defense with access to ‌data center capacity worth billions of dollars to run ‌AI models, the Wall Street Journal reported on Friday, citing people familiar ​with the matter. Such an agreement would extend the Pentagon's existing relationship with SpaceX, a key partner for rocket launches and satellite-based communications and missile tracking. According to the report, SpaceX employees have discussed ‌plans to compete ⁠more directly with neocloud firms such as CoreWeave by selling computing capacity to AI customers at lower ⁠prices.

Amazon just beat Starlink to a market Musk can't crack
TheStreet28d agobullish
Amazon just beat Starlink to a market Musk can't crack

The internet map of the world is not drawn by engineers. It is drawn by lawyers, by regulators, and by whoever is willing to sign the local paperwork. A rocket can reach any patch of ground on Earth. A license cannot. That gap between what a technology can do and what a government will let it do is ...

SCPQ Surges 10% as SpaceX Hits New Low
24/7 Wall St.28d agobullish
SCPQ Surges 10% as SpaceX Hits New Low

SpaceX shares are cratering after a scrubbed Starship test flight, and a niche leveraged ETF is turning that pain into outsized gains for short-sellers who knew exactly where to position themselves.

Investing.com28d agoneutral
Meta stock pares losses on report of AI computing deal talks

According to the report, Anthropic proposed the deal in June, which would involve the AI startup paying Meta in monthly increments over a two-year period for access to its AI data centers. Both companies would have the option to exit the agreement early.

There is an untold story behind SpaceX's post-IPO swoon
TheStreet28d agoneutral
There is an untold story behind SpaceX's post-IPO swoon

It had to happen. After the June 11 market close, Elon Musk took his Space Exploration Technologies Corp. (otherwise known as SpaceX) public. Price: $135 a share. Result: The company raised some $75 billion before expenses. The next day, when the shares could be traded, the shares reached $176.52, ...

SpaceX’s Market Value Is Now $1 Trillion Lower Than Its Highs
The Wall Street Journal28d agoneutral
SpaceX’s Market Value Is Now $1 Trillion Lower Than Its Highs

SpaceX’s valuation has swooned over the past month, and as of late Friday morning was more than $1 trillion lower than its peak, according FactSet. The company’s market capitalization hit a recent peak at almost $2.7 trillion on June 16, four days after shares in the company made their trading debut. SpaceX’s stock was trading down almost 6% around 11:15 a.m. ET.

After scrapping Starship launch, could SpaceX be a $100 stock by summer's end?
Yahoo Finance Video28d agoneutralVIDEO
After scrapping Starship launch, could SpaceX be a $100 stock by summer's end?

SpaceX (SPCX) canceled the test flight for its Starship rocket on Thursday after experiencing engine ignition failure. Yahoo Finance Senior Business Reporter Ines Ferré and Crossmark Global Investments chief market strategist Victoria Fernandez examine what this could mean for SpaceX's stock going forward, especially after it sank below its IPO price earlier this trading week.

How SpaceX Stock Became a Short-Seller Favorite
Barrons.com28d agobearish
How SpaceX Stock Became a Short-Seller Favorite

SpaceX investors can’t catch a break. Shares of Elon Musk’s rocket and AI company were down in premarket trading on Friday after the company scrubbed the thirteenth test of Starship. Musk said some of the engines didn’t start, triggering an automatic abort.

Investing.com28d agoneutral
SpaceX loses over $1 trillion in value from peak

Investing.com -- SpaceX stock continued lower on Friday as the space exploration and artificial intelligence company moved toward erasing more than $1 trillion from its peak market value.