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Rocket Lab confirmed the first Neutron launch will slip into 2027 after inspections found air pockets between carbon-fiber layers in the rocket’s forward propellant dome. Shares fell 7.85% Wednesday and another 6.64% Thursday.
SpaceX said it is buying a nationwide portfolio of low-band spectrum that would pave the way for Starlink Mobile to become a major U.S. mobile carrier. The move weighed on telecom shares, while tower companies rallied.
DPA-AFX reported a sharp drop in major US telecom shares after SpaceX agreed to acquire a nationwide wireless spectrum portfolio to expand Starlink into mobile services.
Citi cut Xerox to sell, saying the company faces a difficult print-market backdrop and that Lexmark integration may not be enough to offset pressure in core cash generation.
U.S. indexes finished the week with gains, while bitcoin moved up to around $82,300. The update also noted Treasury yields near 5.24% and WTI crude around $91.65.
Bitcoin moved up to around $82,500 as U.S. stocks advanced and Treasury yields edged higher. The move was part of a wider intraday risk-on session rather than a standalone catalyst-driven event.
AT&T and Verizon were set for their biggest one-day declines in more than 24 years, while T-Mobile faced its worst percentage drop in over 13 years following SpaceX’s $8 billion spectrum deal.
Bitcoin moved up to around $82,600 while major U.S. indexes posted broad gains and Treasury yields edged higher. The move adds to a risk-on session that also saw WTI crude near $91.60 and the Dow up more than 400 points.
U.S. stocks edged higher by midday Friday, with the Nasdaq rebounding from Thursday’s setback sparked by concerns over OpenAI’s weaker-than-expected revenue, while the wireless carriers were hammered by a Space Exploration Technologies Corp. (NASDAQ: SPCX ) spectrum deal. SpaceX said Thursday it acquired a nationwide 8
Bitcoin climbed 1.2% to $82,781 after earlier slipping to $80,500 overnight. Analysts said $81,000 has been seen as an initial support level, while strength in the U.S. dollar and higher Treasury yields has weighed on risk assets this week.
The USDA cut its 2027 U.S. beef production forecast to 24.7 billion pounds from 24.8 billion pounds and lowered pork output to 27.8 billion pounds from 28.1 billion pounds in the October WASDE report. Steer prices were unchanged at $2.38 a pound, while the barrows and gilts price estimate slipped to 63 cents from 64 ce
By Ed Carson Space Exploration Technologies, or SpaceX, plans to buy significant wireless spectrum, bolstering its Starlink service. The news slammed shares of wireless giants Verizon Communications, AT&T and T-Mobile US in overnight action, while also hitting AST SpaceMobile. SpaceX CEO Elon Musk called the move a "ve
By Ed Carson Space Exploration Technologies, or SpaceX, plans to buy significant wireless spectrum, bolstering its Starlink service. The news slammed shares of wireless giants Verizon Communications, AT&T and T-Mobile US in overnight action, while also hitting AST SpaceMobile. SpaceX CEO Elon Musk called the move a "ve
SpaceX plans to buy up to 14 megahertz of spectrum in the 800MHz band from Grain Management, subject to regulatory approval, to support Starlink Mobile.
Dow Jones, S&P 500 and Nasdaq futures were higher early Friday as AI stocks recovered from Thursday's selloff. Delta Air Lines missed views and guided low, while SpaceX said it plans to buy wireless spectrum from Grain Management subject to approval.
SpaceX plans to buy up to 14 MHz of spectrum from Grain Management, subject to regulatory approval, to support Starlink Mobile. The report said the move drew premarket declines for Verizon, AT&T, T-Mobile US, and AST SpaceMobile.
Bank of America analysts raised Soitec to buy from neutral, saying photonics should significantly expand the French semiconductor-materials maker's gross margin over the coming years. They see gross margin rising to 29% in fiscal 2027, 39% in fiscal 2028 and 44% in fiscal 2029.
Stock futures rose Friday as AI-related shares recovered and oil prices fell. The rebound followed Thursday's tech selloff, while investors also looked ahead to next week's earnings season and later U.S. consumer sentiment data.
JPMorgan analyst Sebastiano Petti says SpaceX’s accelerated mobile network efforts and spectrum-license deal from Grain Management pose limited near-term risk to U.S. wireless incumbents, though sentiment could shift as a new entrant emerges.
Goldman Sachs raised Palantir to buy from neutral, citing its positioning in bespoke software, sovereign AI and broader enterprise demand for AI tools. The stock was up 1.6% after the note.
SpaceX reached a deal to buy U.S. cellular spectrum licenses from Grain Management as it pushes further into wireless service. The company said it will seek FCC approval and use the spectrum to extend Starlink beyond broadband.
Melius Research raised Cava to buy from hold, saying the restaurant chain's expansion and unit economics remain durable drivers of earnings growth. The firm said Cava does not need a macro recovery to keep momentum.
Melius Research upgraded Cava to buy from hold, saying the restaurant chain's growth is supported by national expansion and strong unit economics. The note said Cava does not need a broader economic recovery to keep its momentum.
Spectrum licenses previously sold by T-Mobile to Grain Management have been sold by Grain to SpaceX. SpaceX said the low-band spectrum supports Starlink Mobile’s push to take market share from US carriers.
By Ed Carson Space Exploration Technologies, or SpaceX, plans to buy significant wireless spectrum, bolstering its Starlink service. The news slammed shares of wireless giants Verizon Communications, AT&T and T-Mobile US in overnight action, while also hitting AST SpaceMobile. SpaceX CEO Elon Musk called the move a "ve