SpaceX (SPCX) has just delivered a fresh shock to Howmet Aerospace (HWM), putting one of the company's most closely watched growth opportunities under the spotlight. Shares of Howmet plunged 7.5% after CEO Elon Musk revealed that ******* eX plans to bring the casting of natural-gas turbine blades and vanes in-house, arguing that the move could accelerate the deployment of new turbines by as much as 18 months.
The announcement is particularly significant because Howmet has built a powerful position in the highly specialized turbine-blade market. The company reportedly holds more than 50% of the global market for industrial gas-turbine blades, while its gas-turbine revenue surged 38% in the latest quarter. The business has benefited from a surge in demand as artificial intelligence (AI) data centers require enormous amounts of electricity and utilities race to expand power-generation capacity.
Kevin O'Leary Says Tariff Chaos Has Created a 'Ridiculously Fantastic' Investment Opportunity in Canada — 'Never Been A Better Time' to Invest
Is AVGO Stock Poised for a Rebound After Broadcom's Strong Q3 Results?
Why It's Time to Load Up on SoFi Stock
#blades #spcx #shares
The announcement is particularly significant because Howmet has built a powerful position in the highly specialized turbine-blade market. The company reportedly holds more than 50% of the global market for industrial gas-turbine blades, while its gas-turbine revenue surged 38% in the latest quarter. The business has benefited from a surge in demand as artificial intelligence (AI) data centers require enormous amounts of electricity and utilities race to expand power-generation capacity.
Kevin O'Leary Says Tariff Chaos Has Created a 'Ridiculously Fantastic' Investment Opportunity in Canada — 'Never Been A Better Time' to Invest
Is AVGO Stock Poised for a Rebound After Broadcom's Strong Q3 Results?
Why It's Time to Load Up on SoFi Stock
#blades #spcx #shares
2 hours ago
