SpaceX founder Elon Musk threatened to decommission its Dragon spacecraft amid his feud with President Trump; the billionaire has since walked back this threat. What could the Tesla (TSLA) CEO's very public fallout with the president mean for his other businesses, namely SpaceX? ProcureAM Co-founder and CEO Andrew Chanin — whose firm manages the Procure Space ETF (UFO) — comments on SpaceX's current government contracts and NASA's reliance on the space developer's resources and rocket launches. To watch more expert insights and analysis on the latest market action, check out more Catalysts here...
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Continue ReadingSpaceX is valued at about $350 billion. AST SpaceMobile is a little like SpaceX’s Starlink. It offers space-based communications services, which accounts for about 80% of SpaceX's value, according to Rainmaker Securities CEO Glen Anderson...
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Continue Reading↘️ Lululemon Athletica (LULU): The sportswear brand, which sources many of its products from Southeast Asia, cut its annual profit forecast and said it plans to raise prices to offset tariff costs. Shares tumbled 20% in midday trading...
Continue ReadingTesla stock rose 6.8% to $303.97 in Friday morning trading. The rise is a relief. Tesla stock was roughly $355 before the feud started escalating. Shares closed at $284.7, dropping 14% on Thursday, wiping out more than $150 billion in market value...
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