markets

Claire Yubin Oh9/18/25

IONQ rises after signing agreement with Department of Energy to advance the development and deployment of quantum tech in space

IonQ shares are 6% higher in pre-market trading on Thursday after the quantum computing company signed a memorandum of understanding with the US Department of Energy “to advance the development and deployment of quantum technologies in space.”

Per the “understanding”, IonQ will design and execute an orbital demonstration of quantum-secure communications using its satellite platform, as well as explore other quantum applications in space.

“This Collaboration is about turning possibility into practice and learning by doing,” said Rima Kasia Oueid, DOE Senior Commercialization Executive and lead architect of the Quantum-in-Space Collaboration. “By bringing in new partners, we are accelerating commercialization, demonstrating applications like secure quantum communications, advanced quantum PNT, and quantum sensing, and expanding America’s role in the space economy."

Alongside IonQ, the DoE announced new partnerships with Honeywell and the Electric Power Board of Chattanooga as part of its Quantum-In-Space initiative, an effort to push US leadership in space-based quantum technologies. Other stocks in the sector, such as Rigetti Computingand D-Wave Quantum are also rising more modestly this morning, with the latter building on yesterday’s 18% gain, which came as part of a wave of bullish options bets.

Separately, yesterday, IonQ announced plans to acquire quantum sensor company Vector Atomic in an all-stock deal worth approximately $400 million, which Needham analysts said could help support IonQ secure government contracts and projects in the future.

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Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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