markets

Tom Jones3/18/26

Rocket Lab drops after announcing at-the-market offering to sell up to $1 billion of equity

What goes up must come down, and that’s exactly what’s happened with Rocket Lab shares over the last day or so.

Following a rally that saw the stock rise more than 10% on Tuesday, Rocket Lab shares came back down to earth in after-hours trading, after the company filed an offering that could see it sell as much as $1 billion in common stock over time. RKLB is down about 3% in premarket trading on Wednesday, as of 6:30 a.m. ET.

In the after-hours filing, the space company wrote that it would use proceeds from the offering to “fund future growth, including potential future acquisitions, and for general corporate and working capital purposes.” Rocket Lab’s Neutron rocket, which will be key in any path to profitability that the cash-burning business may forge, was delayed again last month, sending shares down at the time.

RKLB was involved in a wider space, satellite, and drone stock surge yesterday, as investors rallied around the sectors amid the ongoing war in Iran. The FAA had also announced new streamlined launch licensing requirements that will affect companies like Rocket Lab, Firefly Aerospace, and SpaceX. Per the FAA, the new rule, dubbed “Part 450,” will:

“...reduce the number of times an operator needs an FAA license approval and allow one license for a portfolio of operations, different vehicle configurations and mission profiles, and even multiple launch and reentry sites.”

That should cut down on the administrative burden on the industry more broadly.

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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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