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Space Exploration Technologies (SpaceX)

Space Exploration Technologies (SpaceX)

$SPCX
Aerospace

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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Sectors

Sector Update: Tech Stocks Rise Tuesday Afternoon

Tech stocks advanced Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.8% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.5%.The Philadelphia Semiconductor index climbed 1.3%.In corporate news, SpaceX (SPCX) plans to launch its first AI satellites run by Nvidia (NVDA) chips in Q4 2027, with the network expected to reach significant scale in 2028, Chief Executive Elon Musk said on X. Separately, Lambda, an AI cloud-computing provider backed by Nvidia, is in talks to raise as much as $3 billion in a funding round that could position it for an initial public offering next year, Bloomberg reported. SpaceX shares rose 2.6%, and Nvidia added 1.8%.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 1.1%.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 0.4%.Apple (AAPL) said Tuesday it is launching its new Mac mini computers with M6 and M5 Pro chips. Apple also said it is introducing the M5 Ultra chip in its new Mac Studio computer. Apple shares were down 0.2%.

$AAPL$GOOGL$META$NVDA$SPCX
Sectors

Sector Update: Tech

Tech stocks advanced Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.8% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.5%.The Philadelphia Semiconductor index climbed 1.3%.In corporate news, SpaceX (SPCX) plans to launch its first AI satellites run by Nvidia (NVDA) chips in Q4 2027, with the network expected to reach significant scale in 2028, Chief Executive Elon Musk said on X. SpaceX shares rose 2.7%, and Nvidia added 1.8%.

$NVDA$SPCX
Wire

SpaceX to Invest $100 Billion to Build Louisiana Launch Facility

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.Construction on the project is expected to begin in 2027, with the first launch targeted as soon as 2029, the release said.Shares of SpaceX were up 2.5% in Tuesday afternoon trading.Price: $138.40, Change: $+3.40, Percent Change: +2.51%

$SPCX
Wire

SpaceX to Invest $100 Billion to Build Its Largest Launch Facility in Louisiana

SpaceX to Invest $100 Billion to Build Its Largest Launch Facility in Louisiana

$SPCX
Wire

Top Midday Stories: Dick's Sporting Goods Earnings, Guidance Undershoot Targets; SpaceX Targets Q4 2027 for First AI Satellite Launches

The Nasdaq Composite and S&P 500 Index were up, while the Dow Jones Industrial Average was roughly flat in late-morning trading, as longer-dated Treasury bond yields were down slightly and investors looked ahead to Nvidia's (NVDA) earnings results on Wednesday.Canada will impose counter tariffs of 15%, 25% or 50% on about $20 billion of imports from the US, effective Sept. 8, in response to President Donald Trumps recent announcement of 50% tariffs on roughly $20 billion of Canadian goods, Canadian Finance Minister Francois-Philippe Champagne said Tuesday at a press conference.In company news, Dick's Sporting Goods (DKS) reported fiscal Q2 non-GAAP earnings Tuesday of $3.53 per diluted share, down from $4.38 a year ago and below the FactSet consensus analyst estimate of $3.76. Fiscal Q2 net sales were $5.59 billion, up from $3.65 billion a year ago but below the FactSet consensus of $5.64 billion. For fiscal 2026, the company expects non-GAAP EPS of $11 to $12, down from its prior guidance of $13.50 to $14.50 and below the FactSet consensus of $14.28. Full-year net sales are expected to be between $21.9 billion and $22.2 billion, down from Dick's previous guidance of $22.1 billion to $22.4 billion and below the FactSet consensus of $22.33 billion. Shares of Dick's were down 27.6% around midday.SpaceX (SPCX) plans to launch its first artificial intelligence satellites run by Nvidia chips in Q4 2027, with the network expected to reach significant scale in 2028, Chief Executive Elon Musk said Monday on X. SpaceX shares were up 3.3%.Alphabet's (GOOG, GOOGL) Google Cloud said Tuesday it has launched a new agentic AI service for financial professionals, with Deutsche Bank (DB) and CME Group (CME) among those firms granted early access. Gemini Enterprise for Financial Services includes the Financial Research agent, skills to create shortcuts for repetitive tasks, integrations to FactSet (FDS) and Moody's (MCO), a third-party agent ecosystem and the Gemini Enterprise platform, the company said. Separately, Alphabet's Waymo said Tuesday it plans to establish a fully autonomous ride-hailing network in Munich. Alphabet's Class C and Class A shares were both down 0.5%, while Deutsche Bank and CME Group shares were up 1.0% and down 0.4%, respectively.Bank of Montreal (BMO) reported fiscal Q3 adjusted EPS Tuesday of 3.96 Canadian dollars ($2.86), up from CA$3.23 a year earlier and above the FactSet consensus of CA$3.77. Fiscal Q3 revenue was CA$9.9 billion, up from CA$8.99 billion a year ago and above the FactSet consensus of CA$9.73 billion. The bank said it plans to repurchase for cancellation up to 25 million of its common shares under a normal course issuer bid. The buyback program is expected to start around Sept. 8 and run until Sept. 7, 2027, the company said. Bank of Montrea shares were down 0.3%.Bank of Nova Scotia (BNS) reported fiscal Q3 adjusted EPS Tuesday of CA$2.28, up from CA$1.88 a year earlier and above the FactSet consensus of CA$2.10. Fiscal Q3 revenue was CA$10.54 billion, up from CA$9.49 billion a year ago and above the FactSet consensus of CA$9.98 billion. Scotiabank shares were up 4.9%.Price: $211.22, Change: $+2.74, Percent Change: +1.31%

$BMO$BNS$CME$DB$DKS$GOOG$GOOGL$NVDA$SPCX
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday as Chip Stocks Recover

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.5%, and the actively traded Invesco QQQ Trust (QQQ) was 1% higher in Tuesday's premarket activity as chip stocks recovered from Monday's losses.US stock futures were also higher, with S&P 500 Index futures up 0.5%, Dow Jones Industrial Average futures advancing 0.5%, and Nasdaq futures gaining 1% before the start of regular trading.In premarket activity, bitcoin was up by 0.4%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.5% higher, Ether ETF (EETH) advanced 0.2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) increased 2.4%.The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index fell to negative 10.6 in August from 7.4 in the previous month, compared with a smaller decrease to 3.6 expected in a Bloomberg survey, indicating contraction in the sector.The Case-Shiller National Home Price index rose by 0.4% in June before seasonal adjustment following a 0.7% increase in May.The FHFA's measure of home prices held steady in June after an unrevised 0.3% increase in the previous month, below the 0.2% gain expected in a survey compiled by Bloomberg.Reports slated for a 10 am ET release include the consumer confidence report and Richmond Fed business conditions data for August, and new-home sales for July.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was 0.1% lower, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.1%, and the iShares US Consumer Staples ETF (IYK) was flat. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.2%. The VanEck Retail ETF (RTH) was down 0.4%, while the State Street SPDR S&P Retail ETF (XRT) was flat.Dick's Sporting Goods (DKS) shares were down more than 17% pre-bell after the company reported lower fiscal Q2 non-GAAP earnings and cut its fiscal 2026 guidance.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.7% lower.Bank of Nova Scotia (BNS) shares were up 2% in premarket activity after the company reported higher fiscal Q3 adjusted earnings and revenue.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.1%, the Vanguard Health Care Index Fund (VHT) was up 1%, while the iShares US Healthcare ETF (IYH) advanced 0.5%. The iShares Biotechnology ETF (IBB) was 0.2% higher.Moderna (MRNA) stock was up more than 1% premarket after Wolfe upgraded it to peer perform from underperform.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.5%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.SpaceX (SPCX) stock was up more than 1% before the opening bell after Elon Musk said in an X post on Monday that the company plans to launch its first AI satellites run by Nvidia (NVDA) chips in Q4 2027, with the network expected to reach significant scale in 2028.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 1.1%, the iShares US Technology ETF (IYW) was 1.3% higher, and the iShares Expanded Tech Sector ETF (IGM) was up 0.6%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased 2.9% while the iShares Semiconductor ETF (SOXX) rose by 2.4%.Nvidia (NVDA) shares were up more than 1% in premarket activity after Raymond James lifted its price target for the company to $352 from $330.EnergyThe iShares US Energy ETF (IYE) retreated 0.02%, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 1%.Equinor (EQNR) stock was down more than 1% before market open, following a 1.1% loss in the previous session. The company's Executive Vice President Philippe Mathieu said Equinor plans to boost production outside Norway to 950,000 barrels of oil equivalent per day by 2030, while generating $20 billion of free cash flow from 2026 to 2030.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 3.5% to $82.02 per barrel on the New York Mercantile Exchange. Natural gas was down 1.7% at $2.74 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased 2.9%, while the United States Natural Gas Fund (UNG) was 1.4% lower.Gold futures for November were down by 0.1% at $4,692.70 an ounce on the Comex. Silver futures retreated 0.9% to $68.77 an ounce. SPDR Gold Shares (GLD) decreased 0.4%, and the iShares Silver Trust (SLV) was 1.3% lower.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$BNS$DKS$EEM$EETH$EQNR$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$MRNA$NVDA$PMR$QQQ$RTH$SLV$SOXX$SPCX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Wire

Nvidia Says SpaceXAI to Deploy Vera CPUs for AI Applications

Nvidia (NVDA) said Monday that SpaceX's (SPCX) SpaceXAI will use its Vera central processing units to support its new artificial intelligence applications.SpaceXAI also plans to expand its AI infrastructure behind Grok using Nvidia's Vera Rubin platform, including a version of the system that will be deployed in space through its first-generation Starmind satellite, the company added.Shares of Nvidia were down more than 2%, while SpaceX gained 0.3% in recent trading activity Monday.Price: $210.17, Change: $-4.56, Percent Change: -2.12%

$NVDA$SPCX
Asia Markets

US Equity Indexes Fall After Trump Warns of Severe Economic Actions Against Iran, Driving Up Oil Prices, Bond Yields

US equity indexes fell on Thursday as bond yields and oil prices surged after President Donald Trump warned of severe economic sanctions against Iran, and any country that offers a lifeline to the Middle-East nation.Iran's Foreign Minister Seyed Abbas Araghchi dismissed Trump's warning in an X post, calling it a diversion from America's challenges of "unprecedented debt & surging interest costs."Bond yields continued to rise despite Treasury Secretary Scott Bessent stating that the buyback of long-dated government debt, announced yesterday, could exceed $4 billion per operation, CNBC reported Thursday, citing an interview with the official.The Nasdaq Composite fell 1% to 26,067.1, and the S&P 500 declined 0.8% to 7,641.6. The Dow Jones Industrial Average shed 1.3% to 52,762.3. Energy and real estate sectors led the gainers, while consumer staples and health led the decliners.The yield on 30-year Treasuries rose 5.4 basis points to 5.248%, while the 10-year yield gained 4.9 basis points to 4.702%.Gold futures gained 0.9% to $4,587.4 per ounce, and silver futures rose 3.9% to $68.43.In economic news, the Conference Board's measure of leading indicators rose by 0.2% in July, a larger gain than the 0.1% increase expected in a survey compiled by Bloomberg, and following a 0.1% decrease in June.The Conference Board highlighted that economic growth is expected to be driven by investments in AI, while consumer spending could slump due to the higher cost of living.The Philadelphia Federal Reserve's monthly manufacturing index rose to 47.4 in August, compared with 41.4 in July and an anticipated decrease to 24.1 according to a survey compiled by Bloomberg.According to the Labor Department, US initial jobless claims declined to 206,000 in the week ended Aug. 15 from the upwardly revised 212,000 level in the week earlier, and lower than 210,000 expected in a survey of analysts compiled by Bloomberg.US natural gas stocks rose by 16 billion cubic feet in the week ended Aug. 14, higher than the 15 billion gain expected in a survey compiled by Bloomberg and following an increase of 36 billion cubic feet in the week prior.The US West Texas Intermediate crude oil contract rose 2.7% to $88.15 per barrel.In company news, SpaceX (SPCX) shares fell 4% on Thursday after around 319 million early-investor shares of the company became eligible to trade today. The company also approached Cognition AI for a potential acquisition, but there are currently no active deal talks between them, Bloomberg reported late Wednesday, citing people familiar with the matter.Walmart (WMT) shares fell 9.1% on Thursday after its fiscal 2027 adjusted EPS guidance missed analyst expectations. The company reported fiscal Q2 adjusted earnings of $0.81 per share, up from $0.68 a year earlier and above the FactSet estimate of $0.74. Revenue was $187.94 billion, up from $177.40 billion a year ago and above the FactSet estimate of $186.62 billion. For fiscal 2027, Walmart expects adjusted EPS of $2.80 to $2.87, up from $2.75 to $2.85 earlier, but below the FactSet estimate of $2.90.Moderna (MRNA) shares fell 23.5% following a 177% jump at the close of the previous trading session. The drugmaker and Merck (MRK) announced positive topline results from a late-stage trial of an experimental skin cancer treatment on Wednesday.

Dow JonesNasdaq CompositeS&P 500$MRK$MRNA$SPCX$WMT
Japan

US Equity Indexes Fall as Oil Prices Increase After Trump Vows Economic Warfare Against Iran

US equity indexes fell ahead of the close on Thursday as bond yields and oil prices surged after President Donald Trump warned of extreme economic actions against Iran and any country that supports or conducts business with the Middle East nation.Bond yields continued to rise despite Treasury Secretary Scott Bessent stating that the buyback of long-dated government debt, which was announced yesterday, could exceed $4 billion, CNBC reported Thursday, citing an interview with the official.Iran's Foreign Minister Seyed Abbas Araghchi dismissed Trump's warning in an X post, describing it as a diversion from America's challenges of "unprecedented debt & surging interest costs." US debt surpassed $40 trillion, having more than doubled in less than a decade.The Nasdaq Composite fell 0.9% to 26,074.8, and the S&P 500 declined 0.7% to 7,654.38. The Dow Jones Industrial Average shed 1.1% to 52,849.6. Real estate and energy sectors led the gainers, while consumer staples and health led the decliners.The yield on 30-year Treasuries rose 3.9 basis points to 5.23%, while the 10-year yield gained 3.9 basis points to 4.69%.Gold futures gained 0.9% to $4,584.80 per ounce, and silver futures rose 3.6% to $68.96.In economic news, the Conference Board's measure of leading indicators rose by 0.2% in July, a larger gain than the 0.1% increase expected in a survey compiled by Bloomberg, and following a 0.1% decrease in June.According to the Labor Department, US initial jobless claims fell to 206,000 in the week ended Aug. 15, from an upwardly revised 212,000 in the week earlier, and were lower than the 210,000 expected in a survey of analysts compiled by Bloomberg.US natural gas stocks rose by 16 billion cubic feet in the week ended Aug. 14, higher than the 15 billion gain expected in a survey compiled by Bloomberg and following an increase of 36 billion cubic feet in the week prior.The US West Texas Intermediate crude oil contract rose 2.7% to $88.15 per barrel.In company news, SpaceX (SPCX) approached Cognition AI for a potential acquisition, but there are currently no active deal talks between the companies. SpaceX and the AI coding startup are also exploring a collaboration, Bloomberg reported late Wednesday, citing people familiar with the matter. SpaceX shares were down 5%.Walmart (WMT) shares fell 9.7% in Thursday trading after its fiscal 2027 adjusted EPS guidance missed analyst expectations. The company reported fiscal Q2 adjusted earnings of $0.81 per share, up from $0.68 a year earlier and above the FactSet estimate of $0.74. Revenue was $187.94 billion, up from $177.40 billion a year ago and above the FactSet estimate of $186.62 billion. For fiscal 2027, Walmart expects adjusted EPS of $2.80 to $2.87, up from $2.75 to $2.85 earlier, but below the FactSet estimate of $2.90.

Dow JonesNasdaq CompositeS&P 500$SPCX$WMT
Wire

Market Chatter: Anthropic Expects to Match or Beat SpaceX's Record IPO

Amazon-backed (AMZN) Anthropic expects to equal or top SpaceX's (SPCX) outsized initial public offering, Bloomberg reported Thursday, citing people familiar with the matter.The artificial intelligence company is preparing to file publicly for its IPO as soon as the end of this month that it thinks could surpass SpaceX's record-setting $75 billion debut, 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: $260.23, Change: $-5.61, Percent Change: -2.11%

$AMZN$SPCX
Wire

Anthropic Expects to Match or Beat SpaceX's Record IPO, Bloomberg Reports

Anthropic Expects to Match or Beat SpaceX's Record IPO, Bloomberg Reports

$AMZN$SPCX
Asia Markets

US Equity Indexes Fall as Oil Prices Rise After Trump's 'Economic D-Day' Warning to Iran

US equity indexes fell after midday trading on Thursday as bond yields and oil prices surged after President Donald Trump threatened the "most crushing economic operation" on Iran, while also warning of consequences for countries that support or conduct business with Iran.The bond yield reversal comes a day after the US Treasury decided to boost repurchases of long-dated government debt to $4 billion per operation from September. Treasury Secretary Scott Bessent said the buyback program could exceed $4 billion, and US plans to mount economic pressure on Iran will likely negate the need for further military action, CNBC reported Thursday, citing an interview with the official.The Nasdaq Composite fell 0.9% to 26,093.6, the S&P 500 declined 0.5% to 7,667.7, and the Dow Jones Industrial Average shed 0.9% to 52,955.2. The energy and real estate sectors led the gainers, while consumer discretionary and consumer staples led the decliners.The yield on 30-year Treasuries rose 5.4 basis points to 5.248%, while the 10-year yield gained 4.9 basis points to 4.702%.Gold futures gained 0.4% to $4,565.2 per ounce, and silver futures rose 3.6% to $68.24.In economic news, the Conference Board's measure of leading indicators rose by 0.2% in July, a larger gain than the 0.1% increase expected in a survey compiled by Bloomberg, and following a 0.1% decrease in June.The Conference Board highlighted that economic growth is likely to be driven by investments in AI, while consumer spending is forecast to slow down due to the higher living costs.The Philadelphia Federal Reserve's monthly manufacturing index rose to 47.4 in August, compared with 41.4 in July and an anticipated decrease to a 24.1 print in a survey compiled by Bloomberg.According to the Labor Department, US initial jobless claims fell to 206,000 in the week ended Aug. 15 from an upwardly revised 212,000 in the week earlier, and lower than the 210,000 expected in a survey of analysts compiled by Bloomberg.US natural gas stocks rose by 16 billion cubic feet in the week ended Aug. 14, higher than the 15 billion gain expected in a survey compiled by Bloomberg and following an increase of 36 billion cubic feet in the week prior.The US West Texas Intermediate crude oil contract rose 1.9% to $87.52 per barrel.In company news, SpaceX (SPCX) approached Cognition AI about a potential acquisition, Bloomberg reported Wednesday, citing people familiar with the matter. There are currently no active deal talks between SpaceX and the AI coding startup, but they continue to discuss a potential collaboration, per the report. SpaceX shares were down 5.9%.Walmart (WMT) shares fell 8.8% on Thursday after its fiscal 2027 adjusted EPS guidance fell short of analysts' expectations. The company reported fiscal Q2 adjusted earnings of $0.81 per share, up from $0.68 a year earlier and above the FactSet estimate of $0.74. Revenue was $187.94 billion, up from $177.40 billion a year ago and above the FactSet estimate of $186.62 billion. For fiscal 2027, Walmart expects adjusted EPS of $2.80 to $2.87, up from $2.75 to $2.85 earlier, but below the FactSet estimate of $2.90.

Dow JonesNasdaq CompositeS&P 500$SPCX$WMT
Sectors

Sector Update: Tech Stocks Decline Thursday Afternoon

Tech stocks were lower Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 1.5%.The Philadelphia Semiconductor index increased 0.1%.In sector news, Australia has passed a law ordering Meta Platforms' (META) Facebook and Instagram, Alphabet's (GOOGL) Google, Microsoft's (MSFT) LinkedIn and ByteDance's TikTok to pay millions of dollars if they don't forge commercial deals with media outlets for posting news on their platforms, Reuters reported.In corporate news, Meta Platforms has become one of Microsoft's largest AI customers, as the social media company is spending hundreds of millions of dollars per year to access AI models via Microsoft's Azure cloud service, Bloomberg reported. Meta shares were down 0.8%, and Microsoft decreased 0.3%.Alibaba's (BABA) fiscal Q1 earnings missed expectations even as revenue edged past Wall Street's views, while the company continued to spend heavily to build AI infrastructure. Alibaba shares were down 0.1%.SpaceX (SPCX) approached Cognition AI about a potential takeover, Bloomberg reported. There are currently no active deal talks between SpaceX and the AI coding startup, but they continue to discuss a potential partnership, the report said. SpaceX shares were down 6.5%.Micron Technology (MU) on Thursday unveiled Micron Research Labs, a research institution in Boise, Idaho, backed by a planned $10 billion investment over the next decade. Micron shares rose 2%.

$BABA$META$MSFT$MU$SPCX
Sectors

Sector Update: Tech

Tech stocks were mixed Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) fractionally higher and the State Street SPDR S&P Semiconductor ETF (XSD) falling 1.6%.The Philadelphia Semiconductor index increased 0.2%.In corporate news, SpaceX (SPCX) approached Cognition AI about a potential takeover, Bloomberg reported. There are currently no active deal talks between SpaceX and the AI coding startup, but they continue to discuss a potential partnership, the report said. SpaceX shares were down 6.3%.

$SPCX
Japan

US Equity Indexes Fall in Midday Trading as Bond Yields, Oil Prices Rise Despite Treasury Intervention

US equity indexes fell during midday trading on Thursday as bond yields and oil prices rose after President Donald Trump threatened economic warfare on Iran and its trade partners in a late Wednesday Truth Social post.The bond yield reversal comes a day after the US Treasury decided to boost repurchases of long-dated government debt to $4 billion per operation from Sept. 9 through Nov. 4.The Nasdaq Composite fell 0.8% to 26,120.8, and the S&P 500 declined 0.4% to 7,677.9. The Dow Jones Industrial Average shed 0.8% to 53,007.4. Energy and materials led the gainers, while consumer discretionary and consumer staples led the decliners.The yield on 30-year Treasuries rose 4.8 basis points to 5.242%, while the 10-year yield gained 4.7 basis points to 4.7%.Gold futures gained 0.4% to $4,565.6 per ounce, and silver futures rose 3.4% to $68.09.In economic news, the Conference Board's measure of leading indicators rose by 0.2% in July, a larger gain than the 0.1% increase expected in a survey compiled by Bloomberg, and following a 0.1% decrease in June.The Philadelphia Federal Reserve's monthly manufacturing index rose to 47.4 in August, compared with 41.4 in July and an anticipated decrease to a 24.1 print in a survey compiled by Bloomberg.According to the US Labor Department, US initial jobless claims fell to 206,000 in the week ended Aug. 15 from an upwardly revised 212,000 in the week earlier, and lower than 210,000 expected in a survey of analysts compiled by Bloomberg.US natural gas stocks rose by 16 billion cubic feet in the week ended Aug. 14, higher than the 15 billion gain expected in a survey compiled by Bloomberg and following an increase of 36 billion cubic feet in the week prior.The US West Texas Intermediate crude oil contract rose 2.4% to $87.94 per barrel.In company news, SpaceX (SPCX) approached Cognition AI about a potential takeover, Bloomberg reported late Wednesday, citing people familiar with the matter. There are currently no active deal talks between SpaceX and the AI coding startup, but they continue to discuss a potential partnership, per the report. SpaceX shares were down 6%.

Dow JonesNasdaq CompositeS&P 500$SPCX
Wire

Top Midday Stories: Treasury Yields Back on the Rise; Walmart Shares Fall After Full-Year EPS Guidance Undershoots Estimates

All three major US stock indexes were down in late-morning trading Thursday, as yields on Treasury bonds reversed course from their Wednesday drop following the Treasury's debt buyback announcement.In company news, Walmart (WMT) reported fiscal Q2 adjusted earnings Thursday of $0.81 per share, up from $0.68 a year earlier and above the FactSet consensus analyst estimate of $0.74. Fiscal Q2 revenue was $187.94 billion, up from $177.40 billion a year ago and above the FactSet consensus of $186.62 billion. For fiscal Q3, the company expects adjusted EPS of $0.62 to $0.64, below the FactSet consensus of $0.68. For fiscal 2027, Walmart expects adjusted EPS of $2.80 to $2.87, up from its prior outlook of $2.75 to $2.85 but below the FactSet consensus of $2.90. Full-year net sales are expected to grow 4% to 5%, compared with previous guidance of 3.5% to 4.5%. Walmart shares were down 9.4% around midday.Virtu Financial (VIRT) is exploring a potential sale of its brokerage and technology unit in a deal that could be worth up to $3.5 billion to $4 billion, Bloomberg reported Thursday, citing a person familiar with the matter. Sale talks are in early stages, and Virtu may decide to keep the division, the sources said. Virtu shares were down 0.6%.Meta Platforms (META) has become one of Microsoft's (MSFT) largest artificial intelligence customers, as the social media company is spending hundreds of millions of dollars per year to access AI models through Microsoft's Azure cloud service, Bloomberg reported Thursday, citing a person familiar with the matter. Meta shares were down 0.4%, while Microsoft shares were down 0.7%.Alibaba Group (BABA) reported fiscal Q1 non-GAAP earnings Thursday of 8.52 Chinese renminbi ($1.26) per diluted American depositary share, down from 14.75 renminbi a year earlier and below the FactSet consensus of 10.14 renminbi. Fiscal Q1 revenue was 268.95 billion renminbi, up from 247.65 billion renminbi a year ago and above the FactSet consensus of 268.48 billion renminbi. Alibaba shares were down 2.1%.SpaceX (SPCX) approached Cognition AI about a potential acquisition, Bloomberg reported late Wednesday, citing people familiar with the matter. There are currently no active deal talks between SpaceX and the AI coding startup, but they continue to discuss a potential collaboration, the report said. SpaceX shares were down 5.3%.Micron Technology (MU) on Thursday unveiled Micron Research Labs, a research institution in Boise, Idaho, backed by a planned $10 billion investment over the next decade. The facility will focus on critical memory technologies, advanced memory and compute architectures, packaging and future semiconductor manufacturing, Micron said, adding that it plans to begin construction in 2027. Micron shares were up 2.2%.Price: $103.61, Change: $-10.69, Percent Change: -9.35%

$BABA$META$MSFT$MU$SPCX$VIRT$WMT
Wire

Market Chatter: SpaceX Eyed Cognition AI Startup

SpaceX (SPCX) approached artificial intelligence coding startup Cognition AI about a potential acquisition, Bloomberg reported Wednesday, citing people familiar with the matter.There are currently no active deal talks, the report said, adding that they continue to discuss potential collaboration.SpaceX did not immediately respond to' request for comment, while Cognition could not be reached.(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: $138.83, Change: $-4.51, Percent Change: -3.15%

$SPCX
Sectors

Sector Update: Tech Stocks Rise Late Afternoon

Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) increasing 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.3%.The Philadelphia Semiconductor index climbed up 1.8%.In corporate news, over a dozen family offices held a total of at least $3.8 billion in SpaceX (SPCX) through the first half of the year, Bloomberg reported Monday, citing data it compiled from 13F regulatory filings. SpaceX shares were up 4.2%.Meta Platforms' (META) and BlackRock's (BLK) Sopaipilla data center campus in El Paso, Texas, is exposed to billions of dollars in potential losses due to partial insurance coverage, the Financial times reported Monday, citing sources familiar with the insurance agreement. Meta shares were falling 3.6%.Alphabet's (GOOGL) Google agreed to purchase a broad set of Spirit Airlines' enterprise data and internally developed software assets for $10 million under a bill of sale filed Friday in the US Bankruptcy Court for the Southern District of New York. Alphabet shares were down 0.6%.Intel (INTC) and Goldman Sachs (GS) are among the investors in AI video generation platform Higgsfield's recent $400 million funding round, pushing its valuation to $5.40 billion, the Financial Times reported. Intel shares climbed 1.5%.

$GOOGL$INTC$META$SPCX
Wire

Top Midday Gainers

OmniAb (OABI) unveiled a partnership with Eli Lilly (LLY) on a new ion-channel drug discovery program, while raising its fiscal 2026 cash and cash equivalents guidance.Shares of OmniAb jumped over 11%, with intraday trading volume rising to more than 16.4 million from the stock's daily average of about 647,000.Meanwhile, B. Riley raised its price target for RCM Technologies' (RCMT) shares to $45 from $40 while keeping its buy rating.Shares climbed 13% amid an increase in intraday trading volume to over 320,000 from a daily average of about 63,000.Nvidia (NVDA) has reported a $29.99 billion stake in Intel (INTC) and a $20.98 billion stake in Space Exploration Technologies (SPCX) as of June 30, according to a Form 13F filed Friday with the US Securities and Exchange Commission.Shares of SpaceX rose 6%, with intraday trading volume at over 84.5 million, versus the stock's daily average of about 122.1 million.Price: $3.78, Change: $+0.40, Percent Change: +11.83%

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Wire

SpaceX's Starlink Poised for Growth Inflection With V3 Satellites, UBS Securities Says

SpaceX (SPCX) could see Starlink become a major driver of its value, with growth expected to accelerate as the company reaches critical mass with its V3 broadband satellites next year, UBS Securities said in a note Monday.Analysts said they expect SpaceX shares to continue trading on demand for tokens, given the company's potential leverage as a key cloud provider and frontier model. Starship's ability to supercharge Starlink could drive significant value for the company in the medium term, according to the note.The investment firm said SpaceX's mobile strategy is more complex, requiring additional terrestrial infrastructure and femtocells built into Starlink terminals to cover dense locations and office or multi-dwelling unit interiors that the V2 satellite network cannot reach.The company's femtocell strategy depends on securing low-band spectrum to expand coverage and deploying femtocells at sufficient density, the analysts said, adding that matching the coverage of the three major mobile operators in cities will be challenging, as about 30% of Americans live in multi-dwelling buildings, "making this portion of the marketdifficult to reach."UBS Securities has a buy rating and a $210 price target on SpaceX.Shares of SpaceX were up 5.9% in Monday trading.Price: $148.24, Change: $+8.24, Percent Change: +5.88%

$SPCX

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