ASTS Stock Drops 15% on SpaceX Threat: This ETF Holds Both Sides of the Satellite War
ASTS stock plunges 15% as SpaceX expands Starlink. Could gains in SpaceX shares offset ASTS-driven losses in the Procure Space ETF?
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Barclays Initiates Coverage On Rocket Lab with Overweight Rating, Announces Price Target of $85
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TD Cowen Maintains Buy on Rocket Lab, Lowers Price Target to $90
TD Cowen analyst Gautam Khanna maintains Rocket Lab (NASDAQ:RKLB) with a Buy and lowers the price target from $120 to $90.
Shares of aerospace and defense companies are trading lower. Weakness may be amid sympathy with SpaceX after a report suggested that the company is looking to issue $40 billion in new debt to buy Nvidia chips for its data centers.