SPCX surged 5.1% to $151, reclaiming its IPO open price after the Pentagon confirmed on-orbit ****** e weapons tied to ****** eX's $6B+ Starshield contracts.
RTX, Lockheed Martin, and Northrop Grumman all sit inside the $17.9B Golden Dome supply chain, making the Pentagon confirmation a sector-wide catalyst.
SpaceX's Q2 revenue beat estimates by 15% at $7.81B, Starlink subscribers doubled to 12M, and enterprise revenue jumped 108% year over year.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Shares of ****** eX (NASDAQ:SPCX) are up 5.1% in mid-morning trading Wednesday, changing hands at $151 after opening near $143. The move pushes the stock back above the $150 level it first hit when trading began June 12 following its IPO priced at $135.
#year #starshield #grumman
RTX, Lockheed Martin, and Northrop Grumman all sit inside the $17.9B Golden Dome supply chain, making the Pentagon confirmation a sector-wide catalyst.
SpaceX's Q2 revenue beat estimates by 15% at $7.81B, Starlink subscribers doubled to 12M, and enterprise revenue jumped 108% year over year.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Shares of ****** eX (NASDAQ:SPCX) are up 5.1% in mid-morning trading Wednesday, changing hands at $151 after opening near $143. The move pushes the stock back above the $150 level it first hit when trading began June 12 following its IPO priced at $135.
#year #starshield #grumman
2 months ago
