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Gwynne Shotwell, SpaceX’s president and chief operating officer, interviews with CNBC during the company’s IPO at the Nasdaq MarketSite in New York City on June 12, 2026.Adam Jeffery | CNBCAs SpaceX was poised to hit the Nasdaq following the largest initial public offering on record, Elon Musk’s second-in-command, Gwynne Shotwell, didn’t dismiss the possibility of an eventual tie-up with Tesla, Musk’s other trillion-dollar company. Speaking to CNBC’s Morgan Brennan on Friday, Shotwell said such a combination “might make Elon’s life a little easier.” Musk officially became the world’s first trillionaire due to his stakes in the two companies. At SpaceX,…
An in-depth look at which Labour MPs are currently serving in Prime Minister Keir Starmer’s cabinet. Source link
SpaceX launches their IPO at the Nasdaq in New York City on June 12th, 2026. Adam Jeffery | CNBCThere ain’t nothing like the real thing.SpaceX “proxy stocks,” whose options volumes were booming ahead of Friday’s historic initial public offering, are unwinding gains. Some look like they have more potential for a rebound than others.Shares of EchoStar, the Colorado-based networking business that owns an estimated 3% of SpaceX stock, reversed and dropped 14%. AST Spacemobile, whose satellites are expected to launch on a SpaceX rocket next week, fell nearly 13%. Virgin Galactic Holdings, completely reversed Thursday’s big gain with a 34%…
Here are the stocks making headlines in midday trading. SpaceX — Elon Musk’s space company surged as it debuted on the Nasdaq, opening at $150 per share. Indications of interest initially suggested that the stock could start trading at $175, but the opening trade is still higher than the IPO price of $135 a share. Shares were last up about 20%. Space stocks — The group slid, reversing earlier gains. Rocket Lab lost 10%, while AST SpaceMobile dropped 14%. Redwire also fell 11%. EchoStar , which has a stake in SpaceX, declined about 13%. CoreWeave , Astera Labs — Nasdaq…
Space stocks slump as blistering rally cools after SpaceX market debut Source link
It’s clear that communities now have an effective playbook to block data center construction. This week, researchers flagged the first quarter of 2026 as producing the “most blocked and delayed data center projects on record,” NBC News reported. Data Center Watch, a project from AI intelligence firm 10a Labs that tracks data center fights around the US, reported that protestors “blocked or delayed at least 75 projects nationwide worth about $130 billion from January through March,” NBC News reported. That’s “the most in a three-month period since the group began tracking in 2023,” and it shouldn’t be parsed as “a…
US President Donald Trump speaks before signing a proclamation in the Oval Office of the White House in Washington, DC, on June 11, 2026. Kent Nishimura | AFP | Getty ImagesThe U.S. and Iran could sign a deal that includes reopening the Strait of Hormuz and taking steps to dismantle Iran’s nuclear program in the “next few days,” a senior Trump administration official said Friday.But the official, who spoke to reporters on condition of anonymity to discuss the latest developments in negotiations with Tehran, noted the U.S. is not “100%” confident the agreement they reached will be signed at all.…
Beechcraft King Air turboprop aircraft are seen on the assembly line at the Textron Aviation Inc. production facility in Wichita, Kansas, on Thursday, June 7, 2018.Luke Sharett | Bloomberg | Getty ImagesIs there anything flashier than the SpaceX IPO? Sure, who doesn’t like going to the moon and beyond? But if you’re looking for something a little more terrestrial, there’s one stock that investors are overlooking. Textron is exactly that: a stealth play with solid technicals, fundamentals, and trading at a material discount to its defense peers.Despite broader economic headwinds, Textron’s revenues and earnings have grown consistently. The maker of…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Palantir has lost a legal bid to force a Swiss magazine to publish its responses to articles detailing how the country’s government repeatedly rejected its services, in a case that has renewed scrutiny of its technology. In a ruling on Friday, Zurich’s commercial court dismissed 22 of 23 counterstatement requests filed by the US data analytics company and its Swiss subsidiary, finding that only a single passage in one article warranted a published response from the company, which is chaired by Peter…
Workers erect scaffolding at the Kennedy Center in Washington, DC, US, on Friday, June 12, 2026. Andrew Leyden | Bloomberg | Getty ImagesA federal judge on Friday rejected a last-minute bid to block his order directing President Donald Trump’s name to be removed from the Kennedy Center in Washington, D.C.The Trump administration had asked that Judge Christopher Cooper stay his May 29 ruling in U.S. District Court in D.C. pending a new appeal of that decision. Cooper’s rejection came on the day of the deadline of his order that Trump’s name be removed from the Kennedy Center, the performing arts…