markets

Matt Phillips6/26/25

Rocket Lab roars to a record on deal with European Space Agency

Pure-play commercial space company Rocket Lab surged to a record high Thursday after saying it secured a first-ever launch contract with the European Space Agency.

Shares of the company — which has positioned itself as a reliable alternative to Tesla CEO Elon Musk’s SpaceX — have soared more than 600% over the last year.

SpaceX has been a key provider of launch services to the European Space Agency. But there are signs traders are betting Musk’s volatile involvement in politics might be pushing some away from SpaceX services and toward more low-key alternatives, such as Rocket Lab.

Shares of the company, run by New Zealander Peter Beck, are up more than 35% since the remarkable June 5 flame war between Musk and President Donald Trump, in which Musk briefly seemed to threaten to decommission SpaceX’s Dragon space capsule, a key piece of equipment for keeping the International Space Station up and running.

Rocket Lab to Launch Electron Mission for European Space Agency’s Next-Generation Navigation System | Rocket Lab

Shares of the company — which has positioned itself as a reliable alternative to Tesla CEO Elon Musk’s SpaceX — have soared more than 600% over the last year.

SpaceX has been a key provider of launch services to the European Space Agency. But there are signs traders are betting Musk’s volatile involvement in politics might be pushing some away from SpaceX services and toward more low-key alternatives, such as Rocket Lab.

Shares of the company, run by New Zealander Peter Beck, are up more than 35% since the remarkable June 5 flame war between Musk and President Donald Trump, in which Musk briefly seemed to threaten to decommission SpaceX’s Dragon space capsule, a key piece of equipment for keeping the International Space Station up and running.

More Markets

See all Markets

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.

Web Summit Vancouver 2026 - Day Three

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.”

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.

©2026 Sherwood Media, LLC