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Rocket Lab stock has rebounded after receiving some major orders from the US government ahead of its earnings report.
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NASA Admin Jared Isaacman wants to move AI data centers to Earth orbit, using solar power to strengthen US's position in space and AI race.
Read original at benzingaAST SpaceMobile stock fell Wednesday after SpaceX announced changes to its launch operations, raising market concerns.
Read original at benzingaRocket Lab is trading flat Wednesday after a 10% weekly pullback as investors weigh high development costs against major defense wins.
Read original at benzingaRocket Lab's Neutron rocket launch has been delayed from 2026 to a likely 2027 timeframe following a Stage 1 propellant tank rupture during a January pressure test. CEO Peter Beck emphasizes prioritizing readiness and long-term production over meeting short-term deadlines. The company expects adjusted EBITDA to turn positive once Neutron begins flying, positioning it to compete with SpaceX for larger, more lucrative contracts.
Read original at the-motley-foolSpaceX stock surged nearly 30% in August following strong Q2 results with 92% revenue growth, driven primarily by AI and Starlink connectivity businesses. However, the analyst remains skeptical due to the expensive 41x sales valuation, with too much growth already priced in. The first post-IPO insider lockup period ended without significant market impact.
Read original at the-motley-foolAn analyst argues that SpaceX should potentially replace Meta Platforms in the "Magnificent Seven" tech group. While SpaceX offers unique businesses in satellite internet (Starlink) and space transportation that aren't represented in the current group, Meta lacks tangible results from its AI initiatives despite significant investments. The analyst recommends keeping Tesla, Apple, Alphabet, Amazon, Microsoft, and Nvidia in the group.
Read original at the-motley-fool