News & Updates
The latest news and updates from companies in the WLTH portfolio.
Polymarket holds RFK Jr. at 49% for 2028 GOP nod despite Trump fraud claims
Trump Conspiracy Allegation Headline Fails to Reprice Polymarket's 2028 GOP Nominee Odds On Polymarket's "Republican Presidential Nominee 2028" market, pricing is unchanged and consensus remains steady despite a fresh Trump-related headline. The contract is flat at 49.0% for the leading outcome, with $675,692,704 in volume showing how traders are (not) translating the catalyst into repricing. Key Takeaways * Polymarket currently prices Robert F. Kennedy Jr. as the leading 2028 GOP nominee at 49.0% (Yes 49.0% / No 51.0%). * A Trump-focused allegation headline did not move the tape here: the market is flat (0.0 pp) with a stable, low-volatility profile. * This is a multi-outcome nominee contract resolving on 2028-11-07, so today's prices reflect long-horizon belief, not a near-term settlement. A new article says Donald Trump alleges a vast conspiracy to commit and cover up election fraud. The piece centers on Trump's claim and frames it as a broad allegation rather than a discrete campaign announcement. The headline is the immediate catalyst being watched by prediction-market traders. Market Reaction Data: $675,692,704 Volume With RFK Jr. 49.0%, Vance 41.85%, Trump 1.35% and 0.0 pp Moves This Polymarket contract is a multi-outcome market: each named outcome is effectively its own Yes/No proposition about who wins the 2028 Republican nomination, and the probabilities reflect the market's implied chances rather than a single "Yes" on the question. Pricing shows no reaction at the top: Robert F. Kennedy Jr. sits at 49.0% (Yes 49.0% / No 51.0%) and J.D. Vance at 41.85% (Yes 41.85% / No 58.15%), with a wide drop to Marco Rubio at 27.35% (Yes 27.35% / No 72.65%). Donald Trump is priced at 1.35% (Yes 1.35% / No 98.65%), signaling traders are not mapping this headline into a higher implied chance that he becomes the nominee. The historical summary reinforces that read: 24h and 7d changes are both 0.0 pp, with a "stable" consensus, "low" volatility, and "weak" momentum -- suggesting little disagreement strong enough to move prices even with very high cumulative volume ($675,692,704). Watch whether the spread between the top two outcomes (RFK Jr. 49.0% vs Vance 41.85%) narrows or widens on the next political catalyst; because this resolves on 2028-11-07, sustained moves usually require repeated signals that alter the nomination path rather than one-off headlines. Cross-Market Watchlist: Which Other Polymarket Political and Macro Contracts Traders Hedge Against the 2028 GOP Nominee Zooming out from the 2028 GOP nominee tape, traders often hedge the same narratives across adjacent Polymarket boards where timelines and settlement criteria differ. In "Presidential Election Winner 2028," the leader sits at 19.85% on $662,335,030 volume, while the much nearer-term "Trump out as President by July 31?" is anchored at 99.45% for "No." For broader political risk, "Next leader out of power before 2027? (No Orban)" is priced at 99.2%, and longer-horizon sentiment shows up in "Nobel Peace Prize Winner 2026," where the leading line is 12.5%. Odds Trend By the Numbers * Platform: Polymarket * Market: Republican Presidential Nominee 2028 * Contract type: Price strike ladder: each rung has separate Yes/No; Yes means the spot price is above that USD strike at settlement. * Resolution window: Nov 07, 2028 (UTC) * Status: Active (open for trading) * Volume: ~$675,692,704 Top strike rungs +32 more strikes not shown
SpaceX aborts Starship launch seconds before liftoff after engine failure; Elon Musk says next attempt next week
SpaceX aborted its latest Starship launch seconds before liftoff after multiple Raptor engines failed to ignite. Elon Musk said two engines will be replaced before another launch attempt next week, delaying the company's first mission carrying third-generation Starlink satellites. SpaceX's latest attempt to launch its giant Starship rocket ended dramatically on the launch pad after an automatic abort stopped the mission just moments before liftoff in South Texas. The countdown had reached zero, the launch pad's water deluge system activated and the Super Heavy booster began igniting its engines. But within seconds, the engines shut down and the mission was cancelled automatically. Soon afterwards, Elon Musk explained the reason on X, saying that some of the Raptor engines failed to start, triggering the onboard safety system. He added that SpaceX will replace two engines and target another launch attempt next week. According to SpaceX's live broadcast, multiple engines failed to ignite properly during startup. The Starship system relies on dozens of Raptor engines firing in a carefully timed sequence. If enough engines fail to reach required performance, onboard software immediately aborts the launch to prevent a catastrophic failure. The automatic shutdown worked exactly as intended, avoiding damage to the rocket and launch infrastructure. Engineers must now safely drain thousands of tonnes of cryogenic methane and liquid oxygen before inspecting the affected engines and preparing the vehicle for another attempt. This was more than another Starship test. SpaceX planned to launch the first third-generation Starlink satellites, representing the next evolution of its global satellite internet network. Although the satellites were expected to burn up after deployment because Starship has yet to demonstrate a complete orbital mission, the flight would have validated key technologies for future operational launches. The mission also marked Starship's return after May's first Version 3 (V3) test flight, during which both the Super Heavy booster and upper stage experienced technical issues despite achieving several important milestones. The US Federal Aviation Administration (FAA) only cleared SpaceX to fly again earlier this week after reviewing corrective actions following the previous test. Despite the setback, Starship remains the centrepiece of SpaceX's long-term strategy. The fully reusable rocket is designed to carry massive satellite payloads, support future Moon missions under NASA's Artemis programme and eventually transport humans to Mars. It is also expected to deploy larger and more capable Starlink satellites that could significantly expand SpaceX's satellite broadband business -- the company's biggest source of revenue. The launch attempt also came weeks after SpaceX's record-breaking public listing. Investor attention has intensified as the company works to prove Starship can become a reliable commercial launch system. While the aborted launch disappointed spectators, it also demonstrated the importance of automated safety systems. Rather than risking an explosion after detecting abnormal engine performance, Starship shut itself down exactly as designed. If repairs proceed as planned, SpaceX hopes to try again as early as next week.
Discord Invite Link Not Working? Here's How to Fix It
You've probably clicked a Discord invite link expecting to join a server, only to be greeted with an "Invite Invalid" or "Unable to Accept Invite" error. All of sudden, you start thinking why is Discord invite link not working for you. We understand it could be quite frustrating, especially when everyone else seems to be getting in without any trouble. The good news is that the problem usually isn't permanent, and in most cases, you can fix the Discord invite link not working issue. In this guide we will walk you through reasons why is your Discord invite link not working, tried and tested fixes to resolve it and some frequently asked questions by our readers regarding the Discord invite link issue. So, without much ado, let's jump in. Why is your Discord invite link not working? Before trying any fixes, it's worth understanding why the problem happens. A Discord invite invalid message usually appears when the invitation has expired, reached its maximum number of uses, or was deleted by the server administrator. You may also see errors if you're using the wrong Discord account, have been banned from the server, or Discord is experiencing temporary service issues. How to fix a Discord invite link not working 1. Ask for a new Discord invite link Many Discord invitations are set to expire after a certain amount of time or after a specific number of people join. If the Discord invite link expired or reached its maximum usage, you'll need the server owner or a moderator to create a fresh invitation. 2. Double-check the invite link If someone manually copied the invite code, make sure it wasn't shortened, cut off, or modified. Even one incorrect character can result in a Discord invite says invalid error. 3. Sign into the correct Discord account Some users have multiple Discord accounts and accidentally open an invite while logged into the wrong one. Log out, sign into the intended account, and try opening the invitation again. 4. Update the Discord app An outdated version of Discord can sometimes prevent invitation links from opening correctly. * Windows/Mac: Download the latest version or restart Discord to install pending updates. * Android: Update Discord from the Google Play Store. * iPhone: Install the latest version from the App Store. This can help if your Discord invite link is not working on mobile or PC. 5. Clear Discord's cache Corrupted cached files may interfere with invite links. Windows: Android: 6. Try another browser or device If the Discord invite link won't work, open it using another browser or a different device. If it works elsewhere, the problem is likely related to your current browser or Discord installation. 7. Disable your VPN or proxy VPNs and proxy services can occasionally interfere with Discord connections. Temporarily disable them and try opening the invite again. 8. Check Discord's server status If Discord is experiencing an outage, invite links may not work properly. Wait until the service is fully operational before trying again. 9. Contact the server administrator If you've tried every fix and still can't join the Discord server, ask a moderator whether: * The invite was revoked. * The server is full. * You've been banned. * New members are temporarily restricted. They can generate a new invite or confirm whether there's an account-specific issue. We hope one of these methods helps you get the Discord invite link issue fixed. For those who are unable to open Discord at all, check our comprehensive guide on how to force start it. FAQs related to Discord invite link issues 1. Why does my Discord invite say invalid? An invalid invite usually means the link expired, reached its maximum number of uses, was deleted, or contains an incorrect invite code. 2. Why does Discord say, "Unable to Accept Invite"? This error often appears if the invitation is no longer valid, you've been banned from the server, you're using the wrong account, or Discord is experiencing temporary issues. 3. Can I use an expired Discord invite? No. Once a Discord invite link expired, only a server administrator or moderator can generate a new invitation. 4. Why is my Discord invite not working on Android or iPhone? Updating the Discord app, clearing its cache (on Android), switching networks, or reinstalling the app usually resolves most mobile invite issues. 5. Why can't I join a Discord server even with a valid invite? You may have reached Discord's maximum server limit, the server could have membership restrictions, or your account may have been blocked by the server's administrators.
SpaceX Starship launch aborted on pad at last moment
WASHINGTON: SpaceX's mega Starship rocket came within a second or so from blasting off on a test flight but some of the engines failed to start, triggering a launch abort. Elon Musk's company said it will have to figure out what went wrong before making another attempt to send Starship on a space-skimming flight halfway around the world. It was supposed to be the 13th flight for Starship, which at 407 feet (124 meters) tall with 33 main engines is the world's biggest and most powerful rocket. SpaceX's launch webcast on Thursday showed the start of engine ignition three seconds before the planned liftoff, viewed from a drone high above the pad. Whichever engines fired abruptly shut down, with the rocket remaining anchored to the pad. The launch team immediately began draining the fuel from the rocket. "Next launch attempt hopefully in a few days," Musk announced via X.
Should You Buy SpaceX Stock Below $135 Per Share? Here's What History Says.
After a hot start following its IPO, Space Exploration Technologies (SPCX 3.08%), better known as SpaceX, has seen its stock price come back down to Earth. The price is now approaching its IPO price of $135 per share. Investors who couldn't get in on the IPO may be wondering whether to buy the stock if it dips below that number. Here's what history has to say. How well do IPOs hold up over the long run? Most IPO stocks see a pop on their first day of trading. Underwriters intentionally underprice offerings to ensure enough demand to fully allocate the stock offering and guarantee success for the company. Indeed, SpaceX closed its first day of trading about 19% above its IPO price, which is about average based on data dating back to 1960. But most investors aren't interested in SpaceX's short-term outcomes. The company's value is based on its potential to disrupt multiple industries over the long run. The stock should appeal to investors who believe in CEO Elon Musk's ability to build more efficient reusable rockets, expand its satellite constellation, and reshape broadband internet access and artificial intelligence (AI). So, looking at how IPOs usually hold up after at least three years of trading can provide valuable insight. For investors who buy just any new IPO as it comes to market, the long-term results aren't great. Even with a big first-day pop, the average IPO since 1980 (excluding the 1999-2000 dot-com bubble) produced worse returns than the overall market, according to data compiled by professor Jay Ritter. He found that all IPOs produce an average return of 44.2% from their IPO price over three years, but that trails the weighted-average market return by 1.6%. But tech stocks specifically do significantly better. Tech IPOs produced average three-year returns of 73.3%, massively outperforming the market by 25.8%. And if you dig a little bit deeper, big tech stocks with sales exceeding $100 million (adjusted for inflation) perform even better. These companies have delivered an average three-year return of 82.5% and outperformed the market by 43.1%. Even if they're unprofitable, they still produce excess returns of 41.7% on average, according to Ritter's data. In other words, history is on SpaceX's side as a large tech company making its public debut. Still, there are a few reasons to remain cautious about buying SpaceX, even at its IPO price. The SpaceX IPO is a special case SpaceX was the largest IPO in history, raising over $85 billion after underwriters exercised their option to buy additional shares. With a valuation of about $1.75 trillion, it's already a massive business. But that valuation puts its price-to-sales ratio above 90. And valuation still matters. According to a University of Florida 2026 study of IPOs, since 1980, only 14 other IPOs have had over $100 million in sales and a price-to-sales ratio above 40. The average three-year return from their IPO price was just 3.1%, trailing the market average by 15.4%. While it's a small sample size, there's a clear correlation between IPO price-to-sales valuation and returns. The lower the valuation, the better the returns. SpaceX has one of the highest price-to-sales ratios in the market. There's additional concern that SpaceX's stock price could be weighed down as lockup periods expire and early investors and employees can sell their shares. Interestingly, the same University of Florida study found that companies that float a smaller percentage of shares (SpaceX offered about 5% of the company's shares) end up outperforming companies that sell a larger portion of the equity at their IPO. That said, there's never been a company the size of SpaceX with so many shares locked up. That's a lot of capital for the market to absorb over the next six months or so. The truth of the matter is that SpaceX is unlike any IPO we've ever seen. Using historical averages to project SpaceX's future stock price can only go so far. The actual results will depend on the same thing that applies to every stock in the market, whether old or new. Will the company perform better than the market expects? If it does, the stock price could outperform the market average. At its current valuation, the market is setting a very high bar for SpaceX to exceed.
Kraken and Calisen in first-of-its-kind partnership
Left: Catherine O'Kelly, CEO, Calisen. Right: Amir Orad, CEO, Kraken / Images courtesy Calisen Group and Kraken Smart meter company Calisen has partnered with Kraken to modernise the management of its nationwide engineering workforce as the UK's smart meter rollout enters a more complex phase. The first-of-its-kind agreement will see Calisen deploy workplace management platform Kraken Field on the Kraken operating system to coordinate scheduling, job dispatch and engineer deployment across its field operations. Calisen owns and manages the largest portfolio of smart meters in the UK. It employs around 1,100 field engineers and carries out a home visit every six seconds. The company expects the new platform to improve operational efficiency by automating many of the planning tasks traditionally handled manually. Smart meters are one of the foundations of a more flexible energy system, but the rollout depends on thousands of field visits being planned and completed reliably. By modernising the operational layer behind those visits, Kraken and Calisen can help accelerate the deployment and maintenance of the infrastructure the UK needs for a cleaner, more flexible grid. Optimisation technology Kraken's software uses workforce optimisation technology to match engineers with suitable jobs based on factors including location, skills and equipment requirements. By reducing unnecessary travel and improving scheduling, the system is intended to increase the number of successful appointments while improving first-time fix rates and reducing missed appointments. Have you read? AI and smart meters transform African utilities New G3 certification: Multi-utility metering over a single communication network DLMS UA and OpenADR Alliance cooperate on data exchange at the grid edge Discussing the broader context of this agreement, Amir Orad, chief executive of Kraken, said: "The energy transition depends on the deployment of smarter infrastructure at national scale - and to make the operations behind it just as intelligent. "Calisen has built one of the UK's most important smart-metering platforms, and Kraken Field optimisation will help make every visit count: improving first-time success, reducing unnecessary miles and giving customers a faster, more reliable service." Meter maturity Calisen chief executive Catherine O'Kelly also commented on the bigger picture, mentioning that around three quarters of British homes now have smart meters. "In this mature and more complex phase of the roll out, the remaining installations are in harder to reach homes, we are fixing non-communicating meters and performing upgrades. "At the same time, consumers are rightly demanding this crucial bit of kit is functioning well as they look to install solar panels and batteries or switch to EVs. This new phase of the smart meter system is more technical, with tougher penalties for suppliers when things go wrong. "It is therefore vital that we have the best systems in place to ensure our 1,100-field force is in the right place at the right time with the right equipment to improve customer service. Kraken offers the best way for us to secure this ambition." The partnership with Kraken is part of Calisen's wider technology transformation programme, which is being delivered in pilot phases by a dedicated internal team in partnership with key industry players such as Kraken and with the support of 'early adopter' employees within the business.
SpaceX's Starship rocket aborts before liftoff, Musk says launch probable next week
WASHINGTON, July 16 (Reuters) - SpaceX's Starship rocket triggered a last-second abort before liftoff for its 13th flight test from Texas on Thursday as some of its 33 engines failed to start, with CEO Elon Musk saying it will likely try to launch again early next week. Shares of SpaceX, which went public last month, fell about 3% in aftermarket trading following the scrubbed launch. The stock ended at $131.11 on Thursday, closing below its IPO price of $135 for the first time since listing. "Some of the engines didn't start, triggering an automatic launch abort," Musk said in a post on X, without disclosing the number of engines on the Super Heavy rocket that did not start. "To be confident of a good flight, 2 Raptors will be removed & replaced. Most probable launch timing is early next week." The launch abort came less than a second before Starship's planned liftoff from Starbase, SpaceX's company town in south Texas, at 5:45 p.m. CT (2245 GMT). The rocket's engines ignited but cut off shortly after. "We did trigger a hold on the booster that aborted our liftoff as we were starting to light those Raptor engines," said SpaceX spokesperson Dan Huot, speaking on the company's live stream after the launch was scrubbed. (Reporting by Joey Roulette and Chris Thomas; Editing by Chris Reese and Jamie Freed)
SpaceX's Starship rocket aborts before liftoff, Musk says launch probable next week
WASHINGTON, July 16 (Reuters) - SpaceX's Starship rocket triggered a last-second abort before liftoff for its 13th flight test from Texas on Thursday as some of its 33 engines failed to start, with CEO Elon Musk saying it will likely try to launch again early next week. Shares of SpaceX, which went public last month, fell about 3% in aftermarket trading following the scrubbed launch. The stock ended at $131.11 on Thursday, closing below its IPO price of $135 for the first time since listing. "Some of the engines didn't start, triggering an automatic launch abort," Musk said in a post on X, without disclosing the number of engines on the Super Heavy rocket that did not start. "To be confident of a good flight, 2 Raptors will be removed & replaced. Most probable launch timing is early next week." The launch abort came less than a second before Starship's planned liftoff from Starbase, SpaceX's company town in south Texas, at 5:45 p.m. CT (2245 GMT). The rocket's engines ignited but cut off shortly after. "We did trigger a hold on the booster that aborted our liftoff as we were starting to light those Raptor engines," said SpaceX spokesperson Dan Huot, speaking on the company's live stream after the launch was scrubbed. (Reporting by Joey Roulette and Chris Thomas; Editing by Chris Reese and Jamie Freed)
SpaceX's Starship rocket aborts before liftoff, Musk says launch probable next week
WASHINGTON, July 16 - SpaceX's Starship rocket triggered a last-second abort before liftoff for its 13th flight test from Texas on Thursday as some of its 33 engines failed to start, with CEO Elon Musk saying it will likely try to launch again early next week. Shares of SpaceX, which went public last month, fell about 3% in aftermarket trading following the scrubbed launch. The stock ended at $131.11 on Thursday, closing below its IPO price of $135 for the first time since listing. "Some of the engines didn't start, triggering an automatic launch abort," Musk said in a post on X, without disclosing the number of engines on the Super Heavy rocket that did not start. "To be confident of a good flight, 2 Raptors will be removed & replaced. Most probable launch timing is early next week." The launch abort came less than a second before Starship's planned liftoff from Starbase, SpaceX's company town in south Texas, at 5:45 p.m. CT (2245 GMT). The rocket's engines ignited but cut off shortly after. "We did trigger a hold on the booster that aborted our liftoff as we were starting to light those Raptor engines," said SpaceX spokesperson Dan Huot, speaking on the company's live stream after the launch was scrubbed. REUTERS
SpaceX Launches Are Changing How Families Vacation on South Padre Island
Local rental firm South Padre Trips says Starship launch windows now trigger booking surges, as a new Brownsville study credits rocket tourism with $99 million in annual visitor spending South Padre Island, Texas - July 16, 2026 - For decades, families planned their South Padre Island vacations around spring break, summer weather and fishing tournaments. A growing number now plan them around a rocket. South Padre Trips, a vacation rental management company based on South Padre, reports that SpaceX Starship launch windows at nearby Starbase have become one of the strongest booking drivers of the year. The launch pad sits about five miles from the island's southern tip, close enough that guests can watch a launch from some condo balcony. "We used to get one question from families; how close is the unit to the beach," or "what is the view of the Gulf," said Chad Hart, founder and principal of South Padre Trips. "Now the follow-up is whether they can see the launch from the balcony. When SpaceX announces a launch date, the inquiries off our websites go bonkers." The numbers back him up. An economic impact white paper published this year by the City of Brownsville found Starbase has generated an estimated $10 billion in gross revenue for the region since 2023, with launch-related tourism accounting for roughly $99 million in visitor spending last year alone. Hart says the pattern on the island is consistent. Once a launch date firms up, south-end properties with a fairly direct line of sight to the pad, including Gulfview, La Isla, Gulfpoint, Sea VIsta and Sapphire Condo, are the first to sell out as the most Southern. Guests arrive from across the Texas, and, increasingly, from Northern States. On launch mornings, Isla Blanca Park at the island's southern most tip fills with lawn chairs, telescopes and camera tripods hours before liftoff. Even scrubbed launches work in the island's favor. Because launch dates often slip, visitors pad their trips with extra nights or extend, and many stay on after a delay rather than go home. "A scrub used to feel like bad news," Hart said. "Now guests just add a couple of nights and go fishing or enjoy the best beach in Texas while they wait. Parents tell us the launch is the reason the kids agreed to a beach trip in the first place. It's a vacation and a science lesson in one." The island's tourism bureau has embraced the shift, promoting the area as the Texas Space Coast in its official visitors guide. Starbase itself incorporated as a Texas city in May 2025 and continues an active Starship test flight schedule. For travelers hoping to catch a launch, Hart recommends booking as soon as a launch window is announced, choosing a south-end unit with the best views, and building a day or two of cushion into the trip in case the date moves. About South Padre Trips South Padre Trips.com is the #1 rated full-service vacation rental management company on South Padre Island, offering condo and beach home rentals across South Padre Island, Texas. Founded by Chad Hart, who has more than 25 years of vacation rental management experience, the company operates a local office at 2600 Padre Blvd. and is the top-rated rental agency on the island on Google, with more than 650 five-star reviews and a 4.9-star average. Learn more at https://southpadretrips.com. Media Contact Company Name:South Padre Trips Contact Person: Chad Hart, Founder & Principal Email:Send Email Phone: (512)-825-2157 Country: United States Website:https://southpadretrips.com Press Release Distributed by ABNewswire.com To view the original version on ABNewswire visit: SpaceX Launches Are Changing How Families Vacation on South Padre Island
TSLA Stock Slips Overnight: Gary Black Says SpaceX Can't Afford Tesla - 'The Math Won't Pass Muster'
* Black warned a Tesla deal could dilute SPCX shareholders by about 25%. * Chamath, Jefferies and JPMorgan still see strategic logic in a Tesla-SpaceX combination. * Tesla reports Q2 earnings on July 22, with EPS of $0.32 expected. Shares of Tesla, Inc. (TSLA) slid 2% overnight heading into Friday as Future Fund Managing Director Gary Black pushed back against growing speculation that SpaceX could acquire the EV giant. TSLA stock slipped 1% on Thursday to $391.06, logging its second consecutive session in the red. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox Tesla Bull Gary Black Says SpaceX Deal Does Not Add Up Black said that CEO Elon Musk's control of SpaceX prevents its board from ignoring the financial impact of a heavily dilutive deal. "Those who think $SPCX will buy $TSLA don't understand the concept of board fiduciary duty," Black said on X. Musk controls 82% of SpaceX's voting power and owns 42% of its overall equity. However, he said that the control does not remove the board's obligation to act in the interests of SpaceX shareholders. The key problem, he said, is dilution. With SPCX trading at about $132 and continuing to fall, an equity-funded Tesla acquisition would require SpaceX to issue a large amount of new stock: "At $132 and sinking, SPCX can't just buy TSLA in a 25% dilutive equity deal," Black said. "The math won't pass muster." Why The Tesla-SpaceX Merger Debate Is Heating Up Black's warning comes days after early SpaceX investor Chamath Palihapitiya revived the merger debate, saying there is "a very obvious industrial logic" to combining Tesla and SpaceX under one capital structure and balance sheet. Palihapitiya previously said that SpaceX was more likely to reverse-merge into Tesla than pursue a traditional IPO, allowing Musk to place his "two seminal assets into one cap table." He also called SpaceX "the outlier of outliers" and said its direct-to-cell business could become "an enormous business" before several other revenue streams mature. Meanwhile, Jefferies said a merger could make strategic sense, estimating that a nil-premium deal could leave Musk with 55.3% voting control while still allowing a premium for Tesla shareholders. JPMorgan similarly called the idea "strategically coherent on paper," citing links across AI, robotics, energy, transportation and space. TSLA Earnings Ahead: Q2 Preview The merger debate comes ahead of Tesla's second-quarter earnings on July 22, with Wall Street expecting EPS of $0.32 on revenue of $26.02 billion.
SpaceX scrubs Starship flight test due to engine issues
US private space company SpaceX scrubbed the 13th flight test of its giant Starship rocket at the last minute due to engine issues on Thursday. The launch was scheduled for 5:45 p.m. Central Time (2245 GMT) from the company's Starbase facility in the US state of Texas but was later called off. SpaceX founder Elon Musk said in a post on X that "some of the engines didn't start, triggering an automatic launch abort." Musk said the next launch attempt would be "hopefully in a few days." The mission aims to continue testing the upgraded Version 3 Starship and Super Heavy vehicles, which made their debut during the previous flight test in May.
SpaceX Launches Are Changing How Families Vacation on South Padre Island
Local rental firm South Padre Trips says Starship launch windows now trigger booking surges, as a new Brownsville study credits rocket tourism with $99 million in annual visitor spending South Padre Island, Texas - July 16, 2026 - For decades, families planned their South Padre Island vacations around spring break, summer weather and fishing tournaments. A growing number now plan them around a rocket. South Padre Trips, a vacation rental management company based on South Padre, reports that SpaceX Starship launch windows at nearby Starbase have become one of the strongest booking drivers of the year. The launch pad sits about five miles from the island's southern tip, close enough that guests can watch a launch from some condo balcony. "We used to get one question from families; how close is the unit to the beach," or "what is the view of the Gulf," said Chad Hart, founder and principal of South Padre Trips. "Now the follow-up is whether they can see the launch from the balcony. When SpaceX announces a launch date, the inquiries off our websites go bonkers." The numbers back him up. An economic impact white paper published this year by the City of Brownsville found Starbase has generated an estimated $10 billion in gross revenue for the region since 2023, with launch-related tourism accounting for roughly $99 million in visitor spending last year alone. Hart says the pattern on the island is consistent. Once a launch date firms up, south-end properties with a fairly direct line of sight to the pad, including Gulfview, La Isla, Gulfpoint, Sea VIsta and Sapphire Condo, are the first to sell out as the most Southern. Guests arrive from across the Texas, and, increasingly, from Northern States. On launch mornings, Isla Blanca Park at the island's southern most tip fills with lawn chairs, telescopes and camera tripods hours before liftoff. Even scrubbed launches work in the island's favor. Because launch dates often slip, visitors pad their trips with extra nights or extend, and many stay on after a delay rather than go home. "A scrub used to feel like bad news," Hart said. "Now guests just add a couple of nights and go fishing or enjoy the best beach in Texas while they wait. Parents tell us the launch is the reason the kids agreed to a beach trip in the first place. It's a vacation and a science lesson in one." The island's tourism bureau has embraced the shift, promoting the area as the Texas Space Coast in its official visitors guide. Starbase itself incorporated as a Texas city in May 2025 and continues an active Starship test flight schedule. For travelers hoping to catch a launch, Hart recommends booking as soon as a launch window is announced, choosing a south-end unit with the best views, and building a day or two of cushion into the trip in case the date moves. About South Padre Trips South Padre Trips.com is the #1 rated full-service vacation rental management company on South Padre Island, offering condo and beach home rentals across South Padre Island, Texas. Founded by Chad Hart, who has more than 25 years of vacation rental management experience, the company operates a local office at 2600 Padre Blvd. and is the top-rated rental agency on the island on Google, with more than 650 five-star reviews and a 4.9-star average. Learn more at https://southpadretrips.com. Media Contact Company Name:South Padre Trips Contact Person: Chad Hart, Founder & Principal Email:Send Email Phone: (512)-825-2157 Country: United States Website:https://southpadretrips.com Press Release Distributed by ABNewswire.com To view the original version on ABNewswire visit: SpaceX Launches Are Changing How Families Vacation on South Padre Island
xAI reportedly loses all 11 co-founders: turnover surges
Former staff cite long hours, top-down decisions and looming layoffs xAI, the Elon Musk AI company behind Grok, is reportedly dealing with a talent problem. Reports say all 11 original co-founders are gone, and staff turnover more broadly has been described as unusually high. Former employees describe xAI as a hard place to work: long hours, decisions concentrated at the top, not much tolerance for disagreement, and constant churn. People watching the company say that could start to show up in execution, hiring, and enterprise credibility, even after reports of a $20 billion raise at roughly a $230 billion valuation and a February 2026 merger with SpaceX that reportedly put the combined company near $1.25 trillion. Reports also say xAI has measured Grok against Claude, Anthropic's competing model, especially on coding. Inside the company, there was said to be frustration that Grok lagged behind. There were also allegations that Claude outputs were used to improve xAI's coding systems, including claims that some employees kept relying on personal Anthropic accounts after official access had been cut off. xAI was also reportedly preparing layoffs of as much as 30% in March 2026, though other reports put the cuts at more than 70%. All of that landed while Grok was already taking heat over deepfake sexual images, misinformation, and a July 2026 allegation that one coding tool sent entire code repositories to the cloud without clear consent. If you follow Grok closely, keep an eye on this. The next round of xAI news will likely come down to one question: can the company behind Grok get itself steady?
Microsoft Turns On OpenAI And Anthropic As AI Alliance Frays
For a decade, Microsoft was OpenAI's landlord, bank and shopfront. It now wants to be its rival. At an internal meeting on Tuesday, executives told the company's sales organisation to start negatively comparing AI products from OpenAI, Google and Anthropic against Microsoft's own, pitching the efficiency and lower cost of its in-house models, according to people familiar with the session . The meeting, billed as a strategy session for fiscal year 2027, which began on 1 July, produced two quotes that will follow Microsoft around for some time. At heart, I am a storyteller drawn to the watershed moments that bend the technology landscape. I braid narrative with data, humanise statistics, and trace the arc from first spark to world-changing impact. My reportage, features and reviews are witty, sardonic, visual and vivid, using anecdote to illuminate rather than eviscerate. As a technology journalist with over sixteen years of experience, I have travelled the world and the seven seas, covered every major tech conference worth its lanyard, chronicled the defining breakthroughs of the last decade and a half, and played a pivotal role in launching some of India's most important technology publishing platforms across web, print and TV. In my current role as Editor of Gadgets Now Studios, I bring that experience, instinct and editorial firepower to the table, with the mandate of scaling the brand to towering heights. When I am off the clock, I am usually lost in music, from underground electronic and progressive rock to stone-cold blues. I am also an incurable F1 nut, a hangover from my previous life as an auto journalist, and always game for a jam session with friends, where I do my best to make my guitar gently weep.
TSLA Stock Slips Overnight: Gary Black Says SpaceX Can't Afford Tesla - 'The Math Won't Pass Muster'
* Black warned a Tesla deal could dilute SPCX shareholders by about 25%. * Chamath, Jefferies and JPMorgan still see strategic logic in a Tesla-SpaceX combination. * Tesla reports Q2 earnings on July 22, with EPS of $0.32 expected. Shares of Tesla, Inc. (TSLA) slid 2% overnight heading into Friday as Future Fund Managing Director Gary Black pushed back against growing speculation that SpaceX could acquire the EV giant. TSLA stock slipped 1% on Thursday to $391.06, logging its second consecutive session in the red. Tesla Bull Gary Black Says SpaceX Deal Does Not Add Up Black said that CEO Elon Musk's control of SpaceX prevents its board from ignoring the financial impact of a heavily dilutive deal. "Those who think $SPCX will buy $TSLA don't understand the concept of board fiduciary duty," Black said on X. Musk controls 82% of SpaceX's voting power and owns 42% of its overall equity. However, he said that the control does not remove the board's obligation to act in the interests of SpaceX shareholders. The key problem, he said, is dilution. With SPCX trading at about $132 and continuing to fall, an equity-funded Tesla acquisition would require SpaceX to issue a large amount of new stock: "At $132 and sinking, SPCX can't just buy TSLA in a 25% dilutive equity deal," Black said. "The math won't pass muster." Why The Tesla-SpaceX Merger Debate Is Heating Up Black's warning comes days after early SpaceX investor Chamath Palihapitiya revived the merger debate, saying there is "a very obvious industrial logic" to combining Tesla and SpaceX under one capital structure and balance sheet. Palihapitiya previously said that SpaceX was more likely to reverse-merge into Tesla than pursue a traditional IPO, allowing Musk to place his "two seminal assets into one cap table." He also called SpaceX "the outlier of outliers" and said its direct-to-cell business could become "an enormous business" before several other revenue streams mature. Meanwhile, Jefferies said a merger could make strategic sense, estimating that a nil-premium deal could leave Musk with 55.3% voting control while still allowing a premium for Tesla shareholders. JPMorgan similarly called the idea "strategically coherent on paper," citing links across AI, robotics, energy, transportation and space. TSLA Earnings Ahead: Q2 Preview The merger debate comes ahead of Tesla's second-quarter earnings on July 22, with Wall Street expecting EPS of $0.32 on revenue of $26.02 billion. Jefferies raised its TSLA price target to $400 from $375 and kept a 'Hold' rating after Tesla delivered 480,100 vehicles, beating estimates. The firm also lifted its earnings before interest and taxes (EBIT) forecast to $1.45 billion, citing stronger demand in China and Europe, while remaining cautious about possible Cybercab delays. How Do Retail Traders Feel About TSLA? On Stocktwits, retail sentiment for TSLA was 'neutral' amid a 13% decline in 24-hour message volumes. One bullish user said, "$TSLA start of the earnings run ,Merger news July 22 or August 550+ coming." Another user said, "$SPCX A $TSLA merger warrants $50 SP with Starlink" So far this year, Tesla's stock has lagged its "Magnificent Seven" peers, making it the group's second-worst performer, down about 13%. For updates and corrections, email newsroom[at]stocktwits[dot]com.
AST SpaceMobile vs. Rocket Lab: Which Stock Is The Superior SpaceX Competitor?
Space Exploration Technologies (NASDAQ: SPCX) made headlines when it raised $75 billion from investors in an initial public offering (nearly $86 billion if you include the investment bankers' overallotment). The stock rocketed higher after the IPO, but it has now fallen back down to the $135 IPO price. There are alternatives to consider, such as AST SpaceMobile (NASDAQ: ASTS) and Rocket Lab (NASDAQ: RKLB). Here's why you might want to buy one of these stocks over SpaceX. What does SpaceX do? The simple answer is SpaceX does a lot. For example, it builds and launches rockets. In fact, it appears well ahead of the competition in terms of technology, with rockets that return and land after use. Reusing launch rockets materially reduces launch costs. SpaceX also operates Starlink, a satellite-based telecommunication network. And it is building an artificial intelligence business. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks " Image source: Getty Images. This is where things get interesting. SpaceX is a money-losing start-up, but its Starlink business is profitable. As the company clearly spelled out in its IPO prospectus, space launches and AI are burning through cash. You can avoid the money-losing businesses and just focus on the one segment of SpaceX that is profitable, the satellite-based broadband network, if you buy AST SpaceMobile. AST SpaceMobile: Not up to speed, but getting close AST SpaceMobile isn't profitable yet, either. However, it operates a satellite-based broadband network. And it is working to expand that network to cover the entire planet. It is getting close to a commercial launch of its network, but there's a vital difference between Starlink and AST SpaceMobile: Starlink's service is bespoke, while AST SpaceMobile is partnered with large cellphone service providers. That means it has a built-in customer base and is likely to hit the ground running when its service starts operating. It still has material spending needs as it works to broaden its geographic coverage, but it also has major telecom partners as supporters. If you are worried that Elon Musk is pulling SpaceX in too many directions, AST SpaceMobile would be a way to focus on the one part of that company that actually makes money today. That said, AST SpaceMobile likely won't be profitable for a while longer, given the huge cost of building and launching satellites. Rocket Lab: Everything but the AI One sizable drawback with AST SpaceMobile is that it doesn't launch its own satellites. It has to contract that out to other companies, which means, in some ways, it is at the mercy of its space-focused competitors. Rocket Lab currently builds and launches rockets and makes other space technology. However, it has agreed to buy Iridium Communications (NASDAQ: IRDM), which operates a space-based broadband network, in an $8 billion deal. That will, effectively, make Rocket Lab a fully integrated space company, just like SpaceX. But it will leave out the AI part of the business, which is currently eating up huge amounts of SpaceX cash. It isn't that Rocket Lab doesn't use AI; it does. But it uses AI internally to support its own business. Rocket Lab isn't profitable either, so it, too, is still a money-losing start-up. As with SpaceX and AST SpaceMobile, only the most aggressive investors should consider it. However, it lets you focus on space and avoid getting caught up in the AI hype running through the stock market today. What are you looking to own? When you step back and look at SpaceX, AST SpaceMobile, and Rocket Lab, there are a few big takeaways. First, the only way to get direct access to Elon Musk is to buy SpaceX. If that's what has you interested in space, then stick with the "original." Second, you can focus on the one part of SpaceX that's profitable if you buy AST SpaceMobile. AST SpaceMobile isn't profitable, as it is still building out its satellite business, but it has major partners to help it along. Third, if you want everything but SpaceX's AI business, your best option is Rocket Lab. The caveat here is that it still hasn't completed the purchase of Iridium. If you choose to go this route, you might want to hold off until the deal is consummated. One final consideration here: All three companies are still money-losing start-ups. Only the most aggressive growth investors should probably consider buying any of them. The space sector is still very early in its development, and it is far from clear which companies will be the long-term winners. Should you buy stock in Space Exploration Technologies right now? Before you buy stock in Space Exploration Technologies, 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 Space Exploration Technologies 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 $397,351!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,304,257!* Now, it's worth noting Stock Advisor's total average return is 934% -- a market-crushing outperformance compared to 210% 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 16, 2026. Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AST SpaceMobile and Rocket Lab. 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.
SpaceX aborts Starship launch seconds before liftoff
SpaceX's Starship rocket experienced a last-second launch abort on Thursday. Some of the rocket's 33 engines failed to ignite properly before liftoff. This engine issue triggered an automatic abort sequence just before the scheduled launch. SpaceX CEO Elon Musk indicated a probable launch attempt early next week. The company's stock saw a slight decline following the scrubbed launch event. Washington: SpaceX's Starship rocket triggered a last-second abort before liftoff for its 13th flight test from Texas on Thursday as some of its 33 engines failed to start, with CEO Elon Musk saying it will likely try to launch again early next week. Shares of SpaceX, which went public last month, fell about 3% in aftermarket trading following the scrubbed launch. The stock ended at $131.11 on Thursday, closing below its IPO price of $135 for the first time since listing. "Some of the engines didn't start, triggering an automatic launch abort," Musk said in a post on X, without disclosing the number of engines on the Super Heavy rocket that did not start. "To be confident of a good flight, 2 Raptors will be removed & replaced. Most probable launch timing is early next week." The launch abort came less than a second before Starship's planned liftoff from Starbase, SpaceX's company town in south Texas, at 5:45 p.m. CT (2245 GMT). The rocket's engines ignited but cut off shortly after. "We did trigger a hold on the booster that aborted our liftoff as we were starting to light those Raptor engines," said SpaceX spokesperson Dan Huot, speaking on the company's live stream after the launch was scrubbed.
SpaceX's Starship test flight aborted shortly before launch
Despite recent setbacks in test flights, SpaceX's Starship is being developed for potential use by NASA to send astronauts to the moon and Elon Musk's goal of human missions to Mars. A planned test flight of SpaceX's Starship, the largest rocket system ever built, was aborted shortly before launch, company founder Elon Musk said on Thursday. "Some of the engines didn't start, triggering an automatic launch abort," Musk wrote on X, the social media platform he also owns. "Next launch attempt hopefully in a few days," he added. The giant Starship rocket last completed a test flight in May, its 12th overall. Several engines also failed during that flight, but the test otherwise went largely according to plan. It marked the first flight of Starship Version 3, which SpaceX says has been extensively redesigned, including improvements to its design and performance. US space agency NASA hopes to use Starship to send astronauts to the moon, while Musk's stated goal is for humans to reach Mars. The Starship rocket system consists of two parts that separate after the launch: the about 70-metre-long Super Heavy booster and the upper stage, also called Starship, which measures around 50 metres. The system has been developed so that both the spacecraft and the booster can be reused after returning to Earth. The system was first tested in April 2023, when it exploded after a few minutes. Later tests saw the upper stage reach space and land under control in the Indian Ocean. However, several recent test flights fell well short of expectations. SpaceX recently carried out the largest initial public offering to date, although its shares have since fallen below their issue price.
SpaceX Post-Listing Collapse Threatens IPO Market's AI Euphoria
SpaceX shares slumped2.97%Thursday, on pace for an eighth drop in nine sessions, as it wiped out $903 billion from a closing high last month. SpaceX's fall from its post-listing peak to below its IPO price in just a month poured cold water on the market for newly public companies, dragging a key gauge of this year's debuts down with it. The pullback across stocks linked to themes such as artificial intelligence infrastructure and aerospace and defense -- two of the hottest sectors for newly-public companies -- depressed the weighted average return for this year's US initial public offerings to 6%, lagging the S&P 500 Index's 11% return, data compiled by Bloomberg through July 15 show. Broader market volatility, including share price declines for recent listings, is set to dampen enthusiasm for what a Blackstone Inc. executive dubbed the year of the IPO. The majority of US debuts over the past two months are trading below their offer price, data compiled by Bloomberg show. ALSO READ: SpaceX Craters Below IPO Price For First Time; Shares Down 40% From Post-Listing Peak SpaceX shares slumped 2.97% Thursday, on pace for an eighth drop in nine sessions, as it wiped out $903 billion from a closing high last month. Shares of SK Hynix Inc., which raised $26.5 billion in a record-setting debut of its own last week, dropped 12% bringing it just a few dollars above the $149 level where it sold American depositary receipts to investors. Add image caption here Activity in the near-term will "be less busy than we thought," Michael Ventura, co-head of US equity capital markets at Royal Bank of Canada, said in an interview. "You will have transactions that launch and price but outside of the headline names it'll be quieter." Blockbuster Deals Even without blockbuster deals like SpaceX and SK Hynix, the broader US IPO market hasn't shot out the lights. The weighted-average return for those 2026 US IPOs has pulled back to roughly 10% through July 15's close, modestly lagging the return for the S&P 500. The underlying market volatility over the past month, despite an S&P 500 that is virtually unchanged, has prompted investors to rotate away from once-favored themes. While the benchmark is up roughly 0.3% over that stretch, the Philadelphia Stock Exchange Semiconductor Index has slumped 11% and a momentum basket of stocks down more than 8%. "We had a ton of momentum with the AI theme that led to the deals trading well out of the gates but with markets trading how they are, the steam will come off of that a little bit, and that's to be expected," said Eddie Molloy, co-head of global equity capital markets at Morgan Stanley. Investors will likely get a taste of companies that sit away from AI with Blackstone-backed Jersey Mike's Subs Inc. and gas-station and convenience-store operator Cumberland Farms Ltd. able to launch formal marketing of their IPOs as soon as Monday. They would be the first consumer-oriented firms to go public with sizable deals since Suja Life Inc. debuted in May. The handful of notable consumer companies to IPO this year have lagged, ranging from Suja Life's 48% decline to Yesway Inc.'s 3.3% gain. Still, it's too early to rule out a second-half surge led by Anthropic PBC, which could go public as soon as October, Bloomberg News reported. Wall Street's biggest investment banks announced in the last few days that they hauled in the most revenue from advising on equity offerings in the second quarter since 2021, fueled by SpaceX's record-setting IPO and a fundraising blitz for AI infrastructure. ALSO READ: SpaceX, Apple, PayPal, Micron Dominate Wall Street Action Amid Muted Moves In Dow, S&P 500 Companies have already raised $157 billion through July 16, excluding blank-check companies and other financial vehicles, data compiled by Bloomberg show. Bankers are optimistic that deals will flow after September's Labor Day holiday. "Is there volatility in the broader market and that impacts the IPO market? Yes," said Arnaud Blanchard, co-head of global ECM at Morgan Stanley. "But overall we're not seeing a decrease in appetite for deals which we expect to come to market over the coming quarters." (This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.) Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories -- On NDTV Profit.
