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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Rocket Lab shares are trading lower after SpaceX delayed the date for its Starship launch to September, 28.
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Rocket Lab Stock Slides Friday: What's Happening?
Rocket Lab shares are trading lower Friday as investors digest the immediate dilutive impact of a major company-specific funding milestone.
SpaceX or Rocket Lab: Which Space Stock Is the Better Buy for the Next Decade?
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.