Tech & AI News

AST SpaceMobile (NASDAQ: ASTS) director Adriana Cisneros purchased 10,822 shares across three related accounts on August 31, signaling notable confidence in the embattled satellite company. The open-market purchases cost approximately $619,200 at an average price near $57.22 per share, representing a meaningful financial commitment from a board-level insider. Cisneros’s aggregate indirect ownership rose to 797,023…

While American investors pour retirement savings into freshly public SpaceX (NASDAQ: SPCX), a far quieter deal may be reshaping the global satellite industry from Tokyo. Japan’s Ministry of Internal Affairs and Communications has preliminarily selected the Rakuten and AST SpaceMobile joint venture for its J-LEO initiative, worth up to approximately $1 billion in non-dilutive, non-debt…

China has restricted 12 critical minerals from US access, striking directly at the heart of next-generation directed-energy weapons programs. Bloomberg Intelligence defense analyst Wayne Sanders explained that older laser weapons “were the size of buildings” because of the enormous power demands they required. The directed-energy trade rests on shrinking that massive footprint down to something…

Despite securing a new European defense contract and a fresh analyst Buy rating, Planet Labs PBC (NYSE: PL) stock sank sharply on Thursday while the broader market advanced. Shares of Planet Labs fell 8% to $18.48 during the session, a notable divergence from the SPDR S&P 500 ETF Trust (NYSEARCA: SPY), which rose 0.6% to…

Naval modernization spending is creating significant tailwinds for defense contractors GE Aerospace and RTX, even as their stock prices have recently retreated. The U.S. Navy has been awarding modernization contracts that directly benefit both GE Aerospace and RTX, positioning them favorably within the broader defense sector. Despite the positive contract momentum, shares of both GE…

Planet Labs PBC (NYSE: PL) delivered record second-quarter revenue of $116 million, marking an approximately 58% increase compared to the same period a year earlier. The strong performance was driven by robust execution across satellite services and surging demand from defense and intelligence customers seeking geospatial data solutions. The company’s ability to capture government and…

Shares of AST SpaceMobile (ASTS) jumped nearly 12% on Wednesday, fueled by a fresh analyst initiation and a notable insider stock purchase. Investment firm Berenberg initiated coverage of AST SpaceMobile with a “Buy” rating and a $92 price target, roughly 65% above Tuesday’s closing price. Berenberg expressed confidence that AST SpaceMobile can build a profitable…

RTX Corporation (NYSE: RTX) is gaining significant momentum as rising geopolitical tensions push governments around the world to expand their defense budgets rapidly. The company’s stock has climbed roughly 9% year-to-date, reflecting growing investor confidence in RTX’s expanding defense backlog and long-term demand outlook. On September 1, the U.S. Department of War awarded RTX’s Raytheon…

Berenberg launched bullish coverage of three major space sector stocks, pointing to falling launch costs and surging defense budgets as key catalysts for sector growth. Analyst Michael Filatov initiated coverage of AST SpaceMobile (NASDAQ: ASTS), Rocket Lab (NASDAQ: RKLB), and Planet Labs (NYSE: PL), all with Buy ratings, citing a rapidly expanding investable universe in…

Despite an extraordinary three-year run, D-Wave Quantum (QBTS) continues to trade at a significant premium relative to traditional valuation benchmarks. The stock has returned roughly 17 times its value over the past three years, placing intense scrutiny on how much future growth is already baked into the current price. With a value score of just…