Aurora Innovation Form4 Filing Shows Uber Technologies Sold 72M Shares At $6.55/Share In $471.6M Block Trade
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Read original at benzingaFabrinet's margin miss triggered a brutal selloff across the stock market today, while $91 Brent kept equities under pressure
Read original at benzingaUS stock futures fall, Nasdaq 100 futures down 1%. Fabrinet (FN) shares drop 9.1% after earnings report. Other stocks also decline.
Read original at benzingaGainers Auddia (NASDAQ:AUUD) shares increased by 17.5% to $1.14 during Monday's after-market session. The company's market cap stands at $5.4 million. As per the press release, Q2 earnings came out yesterday.
Read original at benzingaThe article compares two high-risk, pre-profitability industrial stocks: Archer Aviation, which develops electric vertical takeoff aircraft, and AST SpaceMobile, which builds a space-based cellular network. Both companies are burning significant cash with minimal revenue, but AST SpaceMobile is recommended as the better long-term buy due to its faster path to revenue growth, stronger partnerships with major carriers, and lower valuation multiples, despite higher debt-to-equity ratios.
Read original at the-motley-foolJoby Aviation and Archer Aviation are competing for FAA certification of their electric vertical take-off and landing (eVTOL) aircraft. Joby is currently ahead, having conducted its first FAA-conforming eVTOL flight in early March with five aircraft in testing, while Archer is still working on building its FAA-conforming aircraft. The key milestone is 100% completion of for-credit testing by FAA pilots. While Joby may achieve certification first, certification could unlock more immediate value for Archer due to its OEM business model focused on aircraft sales, compared to Joby's transportation-as-a-service approach.
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