US Politics & Business News
Boeing (NYSE: BA) has signed seven-year framework agreements with the US Department of War and Raytheon, a business unit of RTX (NYSE: RTX), to expand production of key missile defense components. The agreements cover avionics and ejector assemblies for the Standard Missile-3, a sea-based interceptor engineered to neutralize missile threats operating outside the atmosphere. Production…
AST SpaceMobile (NASDAQ: ASTS) shares closed 4.4% lower at $68.76 on August 10 before the company released its second-quarter financial results. Second-quarter revenue of $31.5 million missed the approximately $34.5 million consensus estimate, while the net loss attributable to common stockholders widened to $230.9 million. Investors appeared more focused on deployment progress than on the…
AST SpaceMobile (ASTS) received temporary approval from the Federal Communications Commission to test satellite connectivity using the 800 MHz spectrum with up to 100 commercially available devices. The FCC granted AST SpaceMobile a 30-day special temporary authority allowing tests of its supplemental coverage from space capabilities across two distinct spectrum bands. Specifically, the authorization covers…
Shares of Intuitive Machines (NASDAQ: LUNR) jumped 10% to around $19 on Friday morning, while Virgin Galactic (NYSE: SPCE) gained 10%, approaching $3.50 per share. The broader space sector largely ignored the rally, with Rocket Lab (NASDAQ: RKLB) up just 1% to $81.25 and AST SpaceMobile (NASDAQ: ASTS) edging up 1% to $72.32. SpaceX (NASDAQ:…
Howmet Aerospace Inc. (HWM) is building serious momentum in 2026, powered by an exceptional performance in its commercial aerospace segment that shows no signs of slowing. Second quarter 2026 revenues from the commercial aerospace market surged 28% year over year, representing 53% of the company’s total revenues during the period. Rising air travel globally has…
AST SpaceMobile (ASTS) and Rocket Lab (RKLB) are aggressively mirroring SpaceX’s vertically integrated business model, but a prominent analyst says execution risks and stretched valuations loom large. Analyst Tim Farrar, president of TMF Associates, appeared on the Prof G Markets podcast to outline his concerns about both companies and their ambitious growth strategies. “Both Rocket…
U.S. stock futures held in a tight range early Thursday as investors pivoted their attention to fresh inflation and labor market data after July’s CPI report did little to shake Fed rate expectations. As of 4:00 a.m. ET, Nasdaq futures were flat with a negative bias, while S&P 500 and Dow futures were flat with…
GE Aerospace is posting record revenue, yet the company is simultaneously falling further behind on its orders as demand outpaces its industrial capacity. Spare parts delinquencies, which measure shipments delayed by material shortages, grew last quarter, signaling not weakness but a demand environment the company’s supply chain cannot fully satisfy. That overwhelming demand feeds directly…
Space stocks are trading in mixed fashion Thursday, with the sector showing a more nuanced picture than a simple broad selloff would suggest. SpaceX (NASDAQ: SPCX) is down 3.5% intraday, AST SpaceMobile (NASDAQ: ASTS) is off 3%, and Intuitive Machines (NASDAQ: LUNR) is down roughly 1.6% after opening deeply negative following its earnings release. Rocket…
The quantum computing industry continued its march toward commercialization in the second quarter of 2026, with enterprise adoption, government support and capital availability all strengthening across the sector. McKinsey’s April 2026 Quantum Technology Monitor identified accelerating commercialization trends, with more than 300 organizations worldwide now actively engaging with quantum computing technology. The McKinsey report also…