Bitcoin Tops $80,000, S&P 500 Slips as Yields Reclaim 5%: Stock Market Today
Crypto-linked equities ripped higher as Bitcoin cleared $80,000, but the S&P 500 slipped with the 10-year Treasury yield back above 5%.
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Crypto-linked equities ripped higher as Bitcoin cleared $80,000, but the S&P 500 slipped with the 10-year Treasury yield back above 5%.
- Reuters
Rocket Lab shares are trading lower Friday as investors digest the immediate dilutive impact of a major company-specific funding milestone.
SpaceX and Rocket Lab are competing for dominance in the space economy. SpaceX, valued at $2 trillion with a P/S ratio of 91, operates Starlink satellite internet and is developing orbital AI data centers. Rocket Lab, valued at $38 billion with a P/S ratio of 48, is acquiring Iridium Communications and developing the Neutron rocket. Despite SpaceX's larger scale, Rocket Lab may offer better value for investors seeking space economy exposure.
NASA awarded SpaceX three additional crewed Dragon missions, extending its ISS transportation contract through 2030 for $946 million.