SpaceX Stock Jumps 7% After 3 Launches in 13 Hours, Including Google's Orbital AI Experiment
SpaceX shares jumped 6% after three launches in 13 hours carried astronauts, an NRO mission and Google’s first orbital AI experiment.
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Planet Labs stock jumps after launching 20 satellites, including a prototype testing Google's AI chips in space.
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SpaceX shares jumped 6% after three launches in 13 hours carried astronauts, an NRO mission and Google’s first orbital AI experiment.
SpaceX launched three rockets in less than 13 hours, including NASA's Crew-13 mission to the ISS (fastest trip on record), a commercial payload flight with 130 satellites, and a classified Falcon Heavy mission. The stock rose 6% on the news. While the Space division reported a $542M operating loss, Starlink generated $4.3B in revenue with $1.7B operating profit. SpaceX's AI compute unit, though currently unprofitable at $1.3B loss, has major contracts potentially generating up to $3.4B monthly once operational.
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Planet Labs stock surged 7.8% after successfully launching 20 satellites via SpaceX's Falcon 9 rocket, including 18 SuperDove Earth observation satellites, one Tanager-2 hyperspectral satellite, and Project Suncatcher—an AI satellite developed with Google. While SuperDoves support current revenue, Project Suncatcher could open a significant new growth avenue by testing AI processing capabilities in orbit.
Planet Labs PBC shares are jumping Friday after the company announced the launch of 20 satellites aboard a SpaceX Falcon 9 rocket Thursday.