OSLO, Norway — Norway’s $2.3 trillion sovereign wealth fund reported a record first-half profit of more than $184 billion, with strong gains in Asian technology stocks helping the portfolio deliver a 9.4% return during the first six months of the year.
टैग: Elon Musk
SpaceX Stock Faces Fresh Selling Pressure as First Post-IPO Share Lockup Expires
SpaceX shares could come under renewed pressure on Thursday as the company’s first post-IPO lockup period expires, allowing early investors to sell a portion of their holdings for the first time since the space company’s stock market debut.
SpaceX Targets Next Starship Launch This Month with First-Ever Upper Stage Catch and Upgraded Starlink Satellites
SpaceX is preparing for another major milestone in the development of its Starship launch system, with Chief Executive Officer Elon Musk announcing that the company’s next test flight could take place as early as this month. According to Reuters, the planned mission will attempt something SpaceX has never achieved before—bringing the Starship upper stage back to land and catching it with mechanical arms at its Texas launch site after completing an orbital journey.
SpaceX Revenue Nearly Doubles in First Earnings Report Since IPO as Starlink and AI Drive Strong Growth
SpaceX reported a sharp increase in revenue in its first quarterly earnings release since becoming a publicly traded company, with rapid expansion in its Starlink satellite internet business and artificial intelligence operations helping lift overall performance. The company said revenue for the April–June quarter reached $7.8 billion, compared with $4.1 billion during the same period last year, surpassing Wall Street expectations and offering investors an early look at the business following its record-breaking public listing.
SpaceX Earnings in Focus After Post-IPO Stock Slump Wipes Out More Than $500 Billion in Market Value
SpaceX is set to release its first quarterly earnings report as a publicly traded company this week, with investors closely watching whether the aerospace and technology firm can restore confidence after a steep decline in its share price following its market debut.
SpaceX Wins $1.6 Billion US Space Force Order for 18 Falcon 9 Launches
SpaceX has secured $1.6 billion in orders from the U.S. Space Force for 18 Falcon 9 missions through 2027, with the launches set to carry Pentagon satellites designed to detect and target airborne objects. The U.S. Space Force announced the award on Wednesday, July 29.