News & Updates
The latest news and updates from companies in the WLTH portfolio.
SpaceX almost halves in value from its much-vaunted June launch
When SpaceX went public last month, it immediately became one of the most valuable companies on Earth, and turned its CEO Elon Musk into the world's first trillionaire. But in the six weeks since, it has been a stunning drop for the space company, with its value nearly halving from its first days on sale. When it first hit the market, SpaceX shares were selling at more than US$201 ($287). Now it's $US119 ($170). The company has now lost a trillion dollars in value in a month, and is now trading well below its initial public offering price. SpaceX derives much of its income from launching satellites into space, but two last-second aborts of its rockets in the past week have given investors the jitters. One of its Falcon 9 rockets aborted a takeoff even as its engines started firing up overnight. And last week, Musk's new-fangled Starship megarocket's launch was aborted. Much of the company's share market value is not tied to its current profitability but its future forecasts. But repeated failures after much hype has given investors cold feet, and many are starting to wonder why they put so much money in a company that still isn't profitable. For many traders, it represents a colossal loss of money. Among early investors is Australian billionaire Gina Rinehart, who reportedly sunk a billion US dollars in the company. It is not known if she sold her shares before SpaceX's precipitous fall. Musk meanwhile has been busy tweeting on X, promoting his AI program Grok, posting conservative opinions and reposting memes. SpaceX isn't the only tech company to have a bad run on the stock market. Last week the release of a new Chinese AI model rattled the big tech companies in the US. Kimi K3 from Moonshot AI appeared to outperform nearly all its rivals, triggering selloffs on Wall Street. And the Australian share market hasn't been immune, opening on Tuesday to a sharp drop.
3 Forgotten Space Economy Stocks That Could Deliver Colossal Gains Over the Next 10 Years
The space economy is a popular investing topic right now, as Space Exploration Technologies completed its record-setting initial public offering. SpaceX stock remains a hot commodity, with the company sporting a market capitalization of more than $2 trillion. But while SpaceX is soaking up a lot of attention, several other companies are also playing important roles in building out the space economy. And while they're flying somewhat under the radar right now, I think AST SpaceMobile (NASDAQ: ASTS), Intuitive Machines (NASDAQ: LUNR), and Redwire (NYSE: RDW) have compelling cases to deliver big returns over the next decade. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " Image source: Getty Images. 1. AST SpaceMobile The only profitable division for SpaceX right now is Starlink, the company's space-based internet and mobile connectivity network. But AST SpaceMobile is a primary competitor in the direct-to-cell satellite business. The two companies have different approaches. SpaceX currently has a constellation of 9,600 satellites in low-Earth orbit and about 10.2 million customers worldwide. AST SpaceMobile, meanwhile, aims to have a network of 45 larger BlueBird satellites in orbit this year to support its agreements with nearly 60 mobile network operators worldwide. AST announced that BlueBirds 11, 12, and 13, each measuring about 2,400 square feet, are scheduled to launch in August. "With each successful launch, we move closer to our goal of making space-based cellular broadband accessible wherever people live, work, and travel," AST SpaceMobile president Scott Wisniewski said. AST reported first-quarter revenue of $14.7 million, up from $718,000 a year ago, with a net loss of $191.01 million, or $0.66 per share. But it's growing quickly -- management projects full-year revenue of $150 million to $200 million. The company ended the quarter with $3.5 billion in cash and cash equivalents. 2. Intuitive Machines Intuitive Machines is a major NASA contractor and the first commercial company to soft-land a spacecraft on the Moon. The company successfully achieved a soft landing on the lunar surface in 2024 during its IM-1 mission, which carried the Odysseus lander. The company builds satellites and landers and is involved in NASA's Power and Propulsion Element (PPE), which is being repurposed to support NASA's planned 2028 Mars mission. Intuitive is also in a growth spurt, having recently closed its acquisition of spacecraft manufacturer Lanteris Space Systems. That allowed Intuitive to report record quarterly revenue of $186.7 million in the first quarter, nearly three times higher and driven primarily by the Lanteris deal, management said. The company reported a net loss of $52.5 million and $0.25 per share in the quarter but now has a backlog of $1.1 billion, up $852 million from Dec. 31. "The next phase of the space economy will not be defined only by who reaches new destinations," CEO Steve Altemus said. "It will be defined by who can build the infrastructure, connect it reliably, and operate it at scale. That is what Intuitive Machines is building." 3. Redwire Redwire also played a major role in a recent Moon mission, as its optical imaging and Sun sensor technologies were used in NASA's Artemis II mission, which completed a manned flyby of the Moon this year. The company is essential to figuring out how to grow food in space -- something that will be important if humanity is to realize the dream of extended spaceflight and, one day, inhabiting the Moon or other planets. It operates a greenhouse on the International Space Station, the first commercially owned facility in space to grow crops. The company reported revenue of $97 million in the first quarter, up 57.9% year over year, and projected revenue of $450 million to $500 million for the full year. Redwire had a backlog of $498.1 million at the end of the quarter. Redwire is also set up for success over the next decade, as it was one of 14 companies selected by the Space Force to compete for contracts under the 10-year Andromeda program that tracks and identifies objects in Earth orbit. The task order's size increased from $1.8 billion to $6 billion, giving Redwire plenty of opportunities to win work against a limited field of competitors. Should you buy stock in AST SpaceMobile right now? Before you buy stock in AST SpaceMobile, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and AST SpaceMobile wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $410,833!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,208,693!* Now, it's worth noting Stock Advisor's total average return is 917% -- a market-crushing outperformance compared to 209% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks " *Stock Advisor returns as of July 8, 2026. Patrick Sanders has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AST SpaceMobile and Intuitive Machines. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
3 Forgotten Space Economy Stocks That Could Deliver Colossal Gains Over the Next 10 Years
The space economy is a popular investing topic right now, as Space Exploration Technologies completed its record-setting initial public offering. SpaceX stock remains a hot commodity, with the company sporting a market capitalization of more than $2 trillion. But while SpaceX is soaking up a lot of attention, several other companies are also playing important roles in building out the space economy. And while they're flying somewhat under the radar right now, I think AST SpaceMobile (NASDAQ: ASTS), Intuitive Machines (NASDAQ: LUNR), and Redwire (NYSE: RDW) have compelling cases to deliver big returns over the next decade. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " 1. AST SpaceMobile The only profitable division for SpaceX right now is Starlink, the company's space-based internet and mobile connectivity network. But AST SpaceMobile is a primary competitor in the direct-to-cell satellite business. The two companies have different approaches. SpaceX currently has a constellation of 9,600 satellites in low-Earth orbit and about 10.2 million customers worldwide. AST SpaceMobile, meanwhile, aims to have a network of 45 larger BlueBird satellites in orbit this year to support its agreements with nearly 60 mobile network operators worldwide. AST announced that BlueBirds 11, 12, and 13, each measuring about 2,400 square feet, are scheduled to launch in August. "With each successful launch, we move closer to our goal of making space-based cellular broadband accessible wherever people live, work, and travel," AST SpaceMobile president Scott Wisniewski said. AST reported first-quarter revenue of $14.7 million, up from $718,000 a year ago, with a net loss of $191.01 million, or $0.66 per share. But it's growing quickly -- management projects full-year revenue of $150 million to $200 million. The company ended the quarter with $3.5 billion in cash and cash equivalents. 2. Intuitive Machines Intuitive Machines is a major NASA contractor and the first commercial company to soft-land a spacecraft on the Moon. The company successfully achieved a soft landing on the lunar surface in 2024 during its IM-1 mission, which carried the Odysseus lander. The company builds satellites and landers and is involved in NASA's Power and Propulsion Element (PPE), which is being repurposed to support NASA's planned 2028 Mars mission.