Space Stock Watch: SpaceX Spectrum Deal, Rocket Lab Delays, Tesla Merger Chatter
Space stocks fall as SpaceX pursued an $8B wireless push, Rocket Lab delays Neutron to 2027, and Tesla’s Roadster revives merger speculation.
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Macquarie Initiates Coverage On Intuitive Machines with Outperform Rating, Announces Price Target of $25
Macquarie analyst Marni Lysaght initiates coverage on Intuitive Machines (NASDAQ:LUNR) with a Outperform rating and announces Price Target of $25.
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Stock Market Today, Oct. 15: Rocket Lab Pushes Neutron Launch to 2027, Stock Falls 7%
Rocket Lab's stock fell 6.64% after the company announced another delay to its Neutron rocket's maiden launch, now pushed to 2027 due to microscopic air voids discovered in the propellant dome. The delay marks the third postponement since the original 2024 target. Despite the setback, the analyst maintains a positive long-term outlook, noting that successful Neutron launches could unlock new payload opportunities.
Shares of space-related companies are trading lower as U.S. inflation data fuel a spike in bond and Treasury yields, with expectations for interest rates to remain elevated. Monetary tightening and elevated borrowing costs pose a material threat to the sector from curtailed corporate and government financing of cosmic communications, AI compute, and exploration.