Research
China Merchants Initiates Coverage on SpaceX With Sell Rating, $118 Price Target
SpaceX (SPCX) has an average rating of overweight and mean price target of $225.62, according to analysts polled by FactSet.
$SPCX
Space Exploration Technologies (SpaceX)
$SPCXAerospace
238 stories mentioning Space Exploration Technologies (SpaceX)Updated 2d ago
SpaceX completed a record IPO, allocating about $600 million in shares to European retail investors, while KeyBanc called the related space-sector sell-off unwarranted.
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Equities
Social Buzz: Wallstreetbets Stocks Mixed Premarket Friday; Oracle to Rise, Adobe to Fall
The most-talked-about stocks in the Reddit subforum Wallstreetbets were mixed hours before Friday's opening bell.Oracle (ORCL) was up 7.1% premarket, reversing a 5.4% fall at Thursday's close. The company overnight reported stronger-than-expected growth in fiscal Q1 adjusted earnings and sales, and raised its full-year outlook.Micron Technology (MU) rose by 1% hours before market open, swinging from a 4.9% decline in the previous session.Nvidia (NVDA) advanced by 0.9% in pre-bell activity, after a 2.4% fall Thursday.SpaceX (SPCX) was 0.9% higher premarket, following a 0.4% increase from the previous session.Reddit (RDDT) was up 0.5% in premarket activity, following a 6.1% rise at Thursday's close.Adobe (ADBE) fell by 3.7% in pre-bell hours, after a 2.4% decline in the previous session.W&T Offshore (WTI) was down 2.6% pre-bell, after closing Thursday with a 3.2% rise.Apple (AAPL) was 0.3% lower in premarket hours, swinging from a 3.6% increase in the previous session.
$AAPL$ADBE$MU$NVDA$ORCL$RDDT$SPCX$WTI
Wire
Market Chatter: SpaceX Changes to Data Center Build-Outs Could Slow Expansion
SpaceX (SPCX) is changing how it builds data centers, potentially adding more backup systems for power and cooling in a move that could slow the construction of new campuses, The Information reported Thursday, citing people familiar with the matter.Founder Elon Musk recently installed a new team to run his data centers, with the new team also looking to test the backup systems more thoroughly before the data centers begin operating, the report said, citing two of the people.SpaceX also wants to lower the use of temporary cooling and power systems in its data centers, the report said, citing one of the people.SpaceX didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $148.15, Change: $+0.60, Percent Change: +0.41%
$SPCX
Commodities
Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Thursday Amid Producer Price Inflation Data Release
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.6%, and the actively traded Invesco QQQ Trust (QQQ) was 1.5% lower in Thursday's premarket activity amid the release of producer-price inflation data.US stock futures were mixed, with S&P 500 Index futures down 0.1%, Dow Jones Industrial Average futures gaining 0.1%, and Nasdaq futures slipping 0.6% before the start of regular trading.The US Producer Price Index rose 0.4% in August, as expected in a survey compiled by Bloomberg, following a 0.1% gain in July.Initial jobless claims fell to 206,000 in the week ended Sept. 5 from 207,000 in the previous week, compared with expectations for a drop to 205,000.The existing home sales report for August and wholesale inventory data for July will be released at 10 am ET.Weekly natural gas stocks will be released at 10:30 am ET.In premarket activity, bitcoin was down by 0.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.7% lower, Ether ETF (EETH) retreated 0.1%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 1%, the iShares US Technology ETF (IYW) was 0.4% lower, and the iShares Expanded Tech Sector ETF (IGM) was inactive. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) fell 2.1%.Navan (NAVN) shares were down 15% following the company's fiscal Q2 results and acquisition of events platform BoomPop.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) was flat. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.9%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1% lower.Hagerty (HGTY) shares were down 8% in early-hours activity after the company priced an upsized secondary offering by a selling shareholder of about 9.3 million Class A common shares at $11.95 apiece.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1.3%.Centrus Energy (LEU) stock was down more than 7%, a day after the company priced a public offering of its securities for expected gross proceeds of about $500 million.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, the Vanguard Health Care Index Fund (VHT) was up 0.1%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) retreated 0.2%.Axogen (AXGN) stock was down more than 4% premarket after the company said it has agreed to acquire privately held medical device company BioCircuit Technologies and priced a $208.7 million public offering of about 4.9 million shares.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.4%, while the Vanguard Consumer Staples Index Fund ETF Shares (VDC) and the iShares US Consumer Staples ETF (IYK) were inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.3%. The VanEck Retail ETF (RTH) was down 0.4%, while the State Street SPDR S&P Retail ETF (XRT) was 0.3% lower.Macy's (M) shares were down more than 4% pre-bell after the company said it expects an adjusted loss for fiscal Q3.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) was flat, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.SpaceX (SPCX) shares were retreating marginally by 0.6% before the opening bell. Reuters reported Thursday, citing disclosures it received in response to a freedom of information request, that the company has received about $40 million from the UK government in exchange for its satellite services.CommoditiesFront-month US West Texas Intermediate crude oil was up by 3.8% at $99.65 per barrel on the New York Mercantile Exchange. Natural gas was 1.2% lower at $2.79 per 1 million British Thermal Units. The United States Oil Fund (USO) rose 2.7%, while the United States Natural Gas Fund (UNG) retreated 1.1%.Gold futures for November were down by 1.3% at $4,404.60 an ounce on the Comex. Silver futures fell 4.4% to $65.63 an ounce. SPDR Gold Shares (GLD) decreased 1.6%, and the iShares Silver Trust (SLV) was 4.9% lower.
Dow JonesNasdaq CompositeS&P 500$AXGN$FAS$FAZ$GLD$HGTY$IBB$IGM$IYE$IYH$IYJ$IYK$IYW$LEU$M$NAVN$QQQ$RTH$SLV$SOXX$SPCX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Wire
EchoStar Shares Could Follow SpaceX's Catalyst Path, UBS Securities Says
EchoStar's (ECHO) stock upside could be primarily driven by its expected 2% stake in SpaceX's (SPCX), given the rocket company's ability to execute, UBS Securities said in a note Tuesday.SpaceX has a multifaceted return profile and multiple drivers of upside for long-term investors, with Starship effectively giving the rocket manufacturer commercial control over access to space for the next decade, according to the note.EchoStar will likely use cash proceeds from the SpaceX and AT&T (T) spectrum deals to repay debt and finance potential investments in telecom, aerospace, and defense sectors, UBS said.EchoStar's remaining spectrum assets could also be monetized as the company winds down its wireless operations, with the AWS-3 spectrum rights viewed as the most valuable airwaves and the 700 megahertz E-Block holdings seen to fit well with airwaves held by AT&T, analysts wrote.The company's operating businesses are impacted by stiff competition, with DISH Pay TV, Hughes, and wireless infrastructure businesses currently in bankruptcy, the brokerage said, adding it does not factor any haircuts to debt obligations in its base case.UBS Securities upgraded EchoStar to buy from neutral, and raised the price target to $150 from $127.EchoStar shares were up 3.9% in Tuesday trading.Price: $93.28, Change: $+3.48, Percent Change: +3.88%
$ECHO$SPCX$T
US Markets
GE Aerospace Strikes $11.75 Billion Deal to Buy Consolidated Precision Products
GE Aerospace (GE) agreed to acquire castings manufacturer Consolidated Precision Products in a deal worth $11.75 billion, as the aerospace giant looks to bolster its castings capacity amid a strong demand environment.GE Aerospace plans to finance the deal with $7 billion in cash and the remaining amount with new debt, the company said Tuesday.Ohio-based Consolidated Precision Products, currently owned by private investment firms Warburg Pincus and Berkshire Partners, manufactures engineered castings and sub-assemblies mainly for the commercial aerospace and defense markets. The company has about 6,600 employees and more than 20 facilities. GE Aerospace said it has been a customer of Consolidated Precision Products for over 15 years."Investing in mission-critical casting capacity is needed to support the strong simultaneous demand across commercial engines, aftermarket and defense," GE Aerospace Chief Executive H. Lawrence Culp Jr. said in a statement. "We expect to expand capacity, improve performance and accelerate new engine technologies for the current fleet and next-generation platforms."Shares of GE Aerospace were up 0.5% in Tuesday trade, taking their year-to-date gain to about 10%.The transaction, which requires regulatory approval, is expected to close in the second half of next year. The aircraft engine supplier expects the acquisition to be accretive to its adjusted earnings on a per-share basis and free cash flow in the first year.In July, the company raised its full-year adjusted EPS outlook on the back of stronger-than-expected second-quarter results amid a 17% annual jump in orders."As we advance our position as an industry leader in castings, GE Aerospace has expressed strong enthusiasm for supporting our continued growth and expanded vision," Consolidated Precision Products CEO James Stewart said. "Together, we look forward to delivering meaningful value and advancing the success of both organizations."The deal comes days after SpaceX (SPCX) CEO Elon Musk reportedly said the company plans to manufacture turbine blades and vanes to address power constraints tied to AI data-center expansion.In March 2026, GE Aerospace announced plans to invest another $1 billion in its US manufacturing sites and supplier base this year to speed up engine deliveries and ramp up parts production. The company acquired aerospace component maker Northstar Aerospace in 2025.In the broader industry, aircraft parts maker TransDigm (TDG) completed the purchase of Jet Parts Engineering and Victor Sierra Aviation for about $2.2 billion in April 2026. Last year, drone maker AeroVironment (AVAV) closed the acquisition of defense technology company BlueHalo for $4.1 billion.Price: $339.24, Change: $+2.12, Percent Change: +0.63%
$AVAV$GE$SPCX$TDG
Research
Pivotal Initiates SpaceX at Buy With $220 Price Target
SpaceX (SPCX) has an average rating of overweight and mean price target of $225.62, according to analysts polled by FactSet.
$SPCX
Wire
SpaceX, OpenAI, Anthropic Experience Global Service Outages
SpaceX's (SPCX) SpaceXAI unit, OpenAI, and Anthropic were experiencing global service disruptions on Thursday, the companies confirmed on their status pages.OpenAI said it investigated elevated error rates across the ChatGPT chatbot and Codex tool before applying a fix to restore functionality, but is still monitoring the restoration process.Anthropic has restored several affected models while continuing work to address ongoing issues with its Opus 4.8 and Opus 5 offerings, the artificial intelligence company said.SpaceXAI confirmed that its Grok chatbot and Cursor were facing downtime, with no update on the restoration progress.Price: $148.82, Change: $+8.11, Percent Change: +5.76%
$SPCX
Wire
SpaceX AI Revenues, Use Cases Accelerating Faster Than Expected, Oppenheimer Says
SpaceX (SPCX) artificial intelligence revenues and use cases are accelerating faster than expected, with new applications like agentic coding and Grok Bot driving a 3x increase in direct AI revenue and more indirectly, Oppenheimer said in a Wednesday note.SpaceX is the only vertically integrated AI company, enabling it to build and manufacture around bottlenecks at a time when pricing for AI compute is rising. Alphabet's Google (GOOG, GOOGL) is paying the company $11 per GPU-hour, roughly double the average rates observed a year ago, according to the note.Oppenheimer expects a one-year payback for new Nvidia (NVDA) Rubin chips, as AI productivity and usage continue to exceed expectations while infrastructure remains a bottleneck.The brokerage raised its long-term revenue estimate by about 10% on stronger AI compute pricing, supported by rapid improvements to SpaceX's AI model and platform, as well as channel checks and third-party large language model benchmarks.Oppenheimer raised its price target to $280 from $250, with an outperform rating.Shares of SpaceX were down 1.3% in Wednesday trading.Price: $140.37, Change: $-1.86, Percent Change: -1.31%
$GOOG$GOOGL$SPCX
Sectors
Sector Update: Tech Stocks Fall Tuesday Afternoon
Tech stocks were lower Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 2.6%.The Philadelphia Semiconductor index shed 2.3%.In corporate news, GoPro (GPRO) shares surged 41% after the company and optical-photonics company Starman Optical said Tuesday they have signed a definitive merger agreement. Under the terms of the deal, GoPro shareholders will receive $1.14 per share, for a total of $285 million in cash and will retain a stake in the combined company of about 10%.Amazon-backed (AMZN) Anthropic has agreed to a $35 billion computing deal with Nvidia-backed (NVDA) cloud provider Lambda, Bloomberg reported. The project involves a Texas data center being developed by Hut 8 (HUT), with Nvidia holding the lease, the report said. Amazon shares were down 2%, and Nvidia was shedding 1%.SpaceX (SPCX) has replaced several leaders responsible for building the company's data centers following some civil engineering concerns and reliability issues at facilities in Tennessee and Mississippi, The Information reported. SpaceX shares were down 0.5%.
$AMZN$GPRO$NVDA$SPCX
Wire
Top Midday Stories: Anthropic Reportedly Agrees to $35 Billion Computing Deal With Lambda; GoPro to Merge With Starman Optical
All three major US stock indexes were down in late-morning trading Tuesday, as bond yields in the US and around the world rose in response to rising oil prices and inflation concerns.In company news, Amazon-backed (AMZN) Anthropic has agreed to a $35 billion computing deal with Nvidia-backed (NVDA) cloud provider Lambda, Bloomberg reported Monday, citing a person familiar with the matter. The project involves a Texas data center being developed by Hut 8, with Nvidia holding the lease, the report said. Amazon shares were down 2.0% around midday, while Nvidia shares were down 1.0%.GoPro (GPRO) and optical-photonics company Starman Optical said Tuesday they have signed a definitive merger agreement. Under the terms of the deal, GoPro shareholders will receive $1.14 per share, for a total of $285 million in cash and will retain a stake in the combined company of about 10%. GoPro's roughly $92 million of outstanding debt will be repaid in full at closing, the companies said. GoPro shares were up 43.8%.Chevron (CVX) is finalizing a deal for the operating rights to two giant oil fields in Venezuela's Orinoco Belt, Bloomberg reported Tuesday, citing people familiar with the matter. The two fields are located in the Carabobo region, which holds billions of barrels of heavy oil reserves, and are near a big field already operated by Chevron's PetroIndependencia joint venture with state-owned Petroleos de Venezuela, the report said, citing the people. Chevron shares were up 1.5%.Medtronic (MDT) reported fiscal Q1 adjusted earnings Tuesday of $1.45 per share, up from $1.26 a year earlier and above the FactSet consensus analyst estimate of $1.39. Fiscal Q1 revenue was $9.76 billion, up from $8.58 billion a year ago and above the FactSet consensus of $9.55 billion. For fiscal 2027, the company expects adjusted EPS of $5.94 to $6, compared with its previous guidance range of $5.90 to $6 and the FactSet consensus of $5.95. Separately, Medtronic said it formed a partnership with Cornerstone Robotics through which it will invest $700 million. Lastly, Medtronic will invest up to $80 million in Pi-Cardia and retain an option to acquire the company for up to $210 million if certain milestones are met, the companies said Tuesday. Medtronic shares were up 1.7%.Fervo Energy (FRVO) has signed a 396-megawatt power purchase agreement with Alphabet's (GOOG, GOOGL) Google, the company said Tuesday. Under the terms of the agreement, Google will buy energy from Fervo Energy's Cape Station geothermal project to power a potential data center in Utah, Fervo said. The agreement includes an option for Google to expand its offtake by about 600 megawatts by June 2030, the company said. Fervo shares were up 23.8%, while Google's Class C and Class A shares were down 0.7% and 0.9%, respectively.SpaceX (SPCX) has replaced several leaders responsible for building the company's data centers following some civil engineering concerns and reliability issues at facilities in Tennessee and Mississippi, The Information reported Tuesday, citing people familiar with the matter. The company has installed executives from its rocket and satellite internet businesses to oversee data center operations, the report said, citing the people. SpaceX shares were up 0.3%.Price: $1.25, Change: $+0.37, Percent Change: +42.78%
$AMZN$CVX$FRVO$GOOG$GOOGL$GPRO$MDT$NVDA$SPCX
Wire
Market Chatter: SpaceX Shakes Up Data Center Leadership After Civil Engineering, Reliability Concerns
SpaceX (SPCX) has replaced several leaders responsible for building the company's data centers following some civil engineering concerns and reliability issues at facilities in Tennessee and Mississippi, The Information reported Tuesday, citing people familiar with the matter.The company has installed executives from its rocket and satellite internet businesses to oversee the operation, the report said, citing the people.SpaceX didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $143.74, Change: $+0.05, Percent Change: +0.03%
$SPCX
Wire
SpaceX Shakes Up Data Center Leadership After Civil Engineering, Reliability Concerns, The Information Reports
SpaceX Shakes Up Data Center Leadership After Civil Engineering, Reliability Concerns, The Information Reports
$SPCX
Wire
Update: Market Chatter: US SEC Probes Investment Firms Over SPV Holdings
(Updates with SEC's response in the fourth paragraph.)The Securities and Exchange Commission is examining investment firms that offer exposure to private companies through special purpose vehicles, seeking evidence that the vehicles actually hold the shares they advertise, the Wall Street Journal reported Monday, citing people familiar with the matter.The reviews have intensified amid increased investor complaints and a marketing push by such funds around SpaceX's (SPCX) recent initial public offering and Anthropic's planned offering, the report said.The scrutiny comes as questions emerge over the private market investment vehicles, which have proliferated as companies remain private longer and investors seek access to rising valuations.A US Securities and Exchange Commission spokesperson declined to comment when contacted by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $142.81, Change: $-0.88, Percent Change: -0.62%
$SPCX
Wire
Top Midday Stories: Stocks Fall, Oil Rises Amid Renewed Fighting in Middle East; Utility Shares Fall After California Wildfire Legislation
All three major US stock indexes were down in late-morning trading Monday, after Fox News reported that President Donald Trump said the US will respond to an Iranian attack on US forces overnight in Jordan.In company news, Shares of PG&E (PCG), Edison International (EIX) and Sempra (SRE) fell Monday after the state of California amended legislation to protect wildfire survivors' right to sue utilities for equipment-caused blazes, ABC7 reported Sunday. The legislature rejected provisions in Senate Bill 492 that would limit the amount of money people could recover. The amended bill also doesn't limit local governments and private businesses from recovering losses from utilities that start fires, according to the report. PG&E shares were down 19.5% around midday, while Edison and Sempra shares were down 23.0% and 2.5%, respectively.Nvidia (NVDA) has invested $3.5 billion in MediaTek convertible bonds as part of a deepening partnership to build next-generation artificial intelligence computing platforms across AI infrastructure, local AI computing and automotive, the companies said Monday in a joint statement. Nvidia shares were up 1%.Apollo Global Management-managed (APO) funds have agreed to sell cooling systems company Kelvion to SLB (SLB) for $3.4 billion in cash, with SLB assuming about $700 million of debt as well, the companies said Monday. Apollo shares were up 1.4%, while SLB shares were up 2.2%.Eli Lilly (LLY) said Monday it has agreed to acquire Merida Biosciences for up to $2.88 billion in cash, including upfront and milestone payments, to expand its pipeline of treatments for autoimmune and allergic diseases. The deal is expected to close in Q4, subject to regulatory approvals and other customary closing conditions, Lilly said. Shares of Eli Lilly were down 1.4%.Oneok (OKE) said Sunday it has agreed to acquire Brazos Midstream's Permian Midland Basin natural gas gathering and processing facilities for about $4.43 billion. The deal will be funded via a $9 billion non-voting minority equity investment from funds and affiliates managed by Apollo, the company said. Oneok shares were up 0.5%.SpaceX (SPCX) and NASA are delaying their launch date for the Crew-13 manned mission to the International Space Station in order to address an oxidizer leak on the propulsion system of the Dragon spacecraft, the space agency said Saturday. Separately, SpaceX is developing a foundry in Bastrop, Texas, to make blades and vanes for large gas turbines, The Information reported Saturday, citing job listings and other indicators. SpaceX shares were up 1%.Aon (AON) has agreed to acquire USI Insurance Services from KKR (KKR) and other shareholders for $17 billion, the companies said Monday. The boards of Aon and USI have approved the deal, which is expected to close in Q4 and will generate about $3.3 billion of after-tax proceeds for KKR. Aon shares were down 7%, while KKR shares were up 1.5%.Price: $219.81, Change: $+2.26, Percent Change: +1.04%
$AON$APO$EIX$KKR$LLY$NVDA$OKE$PCG$SLB$SPCX$SRE
Commodities
Exchange-Traded Funds, Equity Futures Lower Pre-Bell Monday as US, Iran Exchange Attacks
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.3%, and the actively traded Invesco QQQ Trust (QQQ) retreated 0.2% in Monday's premarket activity as the US and Iran exchanged attacks after almost a month's lull.US stock futures were also lower, with S&P 500 Index futures down 0.2%, Dow Jones Industrial Average futures slipping 0.2%, and Nasdaq futures retreating 0.1% before the start of regular trading.The Dallas Fed manufacturing survey for August will be released at 10:30 am ET.In premarket activity, bitcoin was down by 1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.7% higher, Ether ETF (EETH) advanced 0.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) rose 4.8%Power Play:EnergyThe iShares US Energy ETF (IYE) was up 1.5%, while the State Street Energy Select Sector SPDR ETF (XLE) gained 1.8%.PG&E (PCG) stock was more than 18% lower following multiple analyst downgrades.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.5%, the iShares US Technology ETF (IYW) was 0.4% lower, and the iShares Expanded Tech Sector ETF (IGM) was down 0.3%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was up 0.1%, while the iShares Semiconductor ETF (SOXX) rose by 0.01%.Science Applications International (SAIC) stock was up 12% after the company reported higher fiscal Q2 revenue and raised its fiscal 2027 outlook.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.2%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated 0.1%, and the iShares US Consumer Staples ETF (IYK) was 0.03% higher. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.5%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was down 0.1%.GameStop (GME) shares were up more than 3% pre-bell after the company said it expects higher Q2 net income. The company also said that it agreed to amend several agreements with existing holders to exchange and cancel about $1.4 billion in 0% convertible senior notes due 2030 and 2032.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was down 1.3%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.2% higher.Aon (AON) stock was down 2% after it agreed to acquire insurance brokerage USI Insurance Services from KKR (KKR) and other shareholders in an all-cash deal worth roughly $17 billion. KKR shares were 1.2% higher.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, the Vanguard Health Care Index Fund (VHT) was down 0.1%, while the iShares US Healthcare ETF (IYH) slipped 0.1%. The iShares Biotechnology ETF (IBB) was 0.6% lower.Alpha Tau Medical (DRTS) stock was down 1% premarket following a 1.2% decline in the prior session. The company said Monday it has completed patient enrollment in a study evaluating intratumoral Alpha DaRT combined with first-line chemotherapy in newly diagnosed, inoperable locally advanced or metastatic pancreatic adenocarcinoma.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.6%, the Vanguard Industrials Index Fund (VIS) was down 1.1%, and the iShares US Industrials ETF (IYJ) was inactive.SpaceX (SPCX) stock was nearly 1% lower premarket. NASA said Saturday the space agency and SpaceX are delaying their launch date for the Crew-13 manned mission to the International Space Station in order to address an oxidizer leak on the propulsion system of the Dragon spacecraft.CommoditiesFront-month US West Texas Intermediate crude oil rose by 3.5% to $86.31 per barrel on the New York Mercantile Exchange. Natural gas was down 0.7% at $2.87 per 1 million British Thermal Units. The United States Oil Fund (USO) advanced 2.9%, while the United States Natural Gas Fund (UNG) was 0.1% lower.Gold futures for November were down by 0.9% at $4,488.70 an ounce on the Comex. Silver futures retreated 0.5% to $67.42 an ounce. SPDR Gold Shares (GLD) decreased 0.5%, and the iShares Silver Trust (SLV) was 0.3% higher.
Dow JonesNasdaq CompositeS&P 500$AON$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$GME$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$KKR$PCG$PMR$QQQ$RTH$SAIC$SLV$SOXX$SPCX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Wire
Market Chatter: Anthropic Considers Allowing Secondary Stock Sales in IPO
Amazon-backed (AMZN) Anthropic is considering allowing secondary stock sales in its upcoming initial public offering, The Information reported Thursday, citing people familiar with the process.Letting existing shareholders sell some stock in the IPO would distinguish the AI company from SpaceX (SPCX) and Cerebras (CBRS), which didn't have secondary stock sales in their listings this year, the report said.Anthropic is also mulling longer-than-usual lockup periods for sales after it goes public, the report said, citing the people.Anthropic didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $255.08, Change: $-5.20, Percent Change: -2.00%
$AMZN$CBRS$SPCX
Wire
Anthropic Considers Allowing Secondary Stock Sales in IPO, The Information Reports
Anthropic Considers Allowing Secondary Stock Sales in IPO, The Information Reports
$AMZN$SPCX
Wire
Market Chatter: SpaceX's Musk, OpenAI's Altman Among Speakers at G20 Tech Meeting
SpaceX (SPCX) Chief Executive Elon Musk and former White House AI czar David Sacks are scheduled to speak at a tech-focused G20 ministerial meeting in North Carolina next week alongside Nvidia (NVDA) CEO Jensen Huang and Microsoft-backed (MSFT) OpenAI CEO Sam Altman, Bloomberg reported Thursday, citing people familiar with the matter.Musk, Sacks and Meta Platforms (META) President Dina Powell McCormick are expected to participate virtually on Sept. 1, while Altman and Huang are set to join the event on its second day, according to the report.The meeting will focus on the proposed non-binding Carolina Principles framework, which advocates a lighter-touch government approach to emerging technologies, including AI, Bloomberg added.SpaceX, Nvidia, Microsoft and Meta Platforms did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $138.96, Change: $-0.67, Percent Change: -0.48%
$META$MSFT$NVDA$SPCX$TSLA
Sectors
Sector Update: Tech Stocks Rise Late Afternoon
Tech stocks advanced late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.4%.The Philadelphia Semiconductor index climbed 1%.In corporate news, SpaceX (SPCX) will invest $100 billion to build its largest launch facility in Vermilion Parish, Louisiana, which will play a key role in ramping up Starship missions, the company and the state said in a joint release. SpaceX shares rose 2.9%.Meta (META) is preparing to launch a consumer AI agent platform in the coming weeks as it expands its push into agentic AI, The Information reported, citing internal company documents. Meta shares added 1.9%.Amazon.com-backed (AMZN) Anthropic is likely to project a total addressable market of more than $30 trillion in its upcoming IPO filing, exceeding the $28.5 trillion that SpaceX cited in its offering, The Wall Street Journal reported. Amazon shares were down 0.5%.Alphabet's (GOOGL) Google Cloud said Tuesday it has launched a new agentic AI service for financial professionals, with Deutsche Bank (DB) and CME (CME) among those firms granted early access. Alphabet shares were shedding 0.3%.
$AMZN$GOOGL$META$SPCX
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