News & Updates
The latest news and updates from companies in the WLTH portfolio.
OpenAI held $1 billion revenue lead over Anthropic in Q1: The Information - The Economic Times
OpenAI generated $5.7 billion in revenue in the first quarter, giving it a $1 billion lead over rival Anthropic, according to a report by The Information. Anthropic is projecting its second-quarter revenue to double to $11 billion and expects to make a $600 million profit, the report said. The report also stated that Anthropic's annualised revenue recently reached nearly $45 billion, surpassing OpenAI's $25 billion.
SpaceX scrubs launch of upgraded Starship from Texas, to retry Friday
SpaceX on Thursday (May 21) scrubbed the launch of its 12th Starship rocket from Texas and said it will attempt the high-stakes test flight again on Friday, as Elon Musk's space company nears a record-breaking public listing. Starship V3, uncrewed and featuring dozens of upgrades tailored for rapid Starlink satellite launches and NASA moon missions, was to be a key test for the vehicle following months of testing delays. It is also poised to affect investor confidence ahead of what might be the biggest initial public offering in history, where SpaceX is targeting a valuation of US$1.75 trillion. SpaceX had spent months redesigning Starship after a streak of failures last year, culminating in the V3 design that was meant to launch on Thursday. It called off Thursday's launch seconds before its planned liftoff, after multiple pauses to the countdown triggered by fuel temperature and pressure readings. Musk said on X that the hydraulic pin on one of the launch tower's giant mechanical arms did not retract as designed. "If that can be fixed tonight, there will be another launch attempt tomorrow," Musk said of the faulty arm. SpaceX said it is preparing to launch Starship during a 90-minute launch window which opens at 5.30pm Central Time on Friday (Saturday, 6.30am, Singapore time).
SpaceX abandons test launch of Starship rocket - AOL
Elon Musk's SpaceX abandoned a planned test rocket launch at the last minute on Thursday, just hours after revealing plans for a record-breaking $1.75tn public listing. The company, founded by Mr Musk, the world's richest man, has been testing the rocket that he hopes will one day carry a million people to Mars. Known as Starship V3, it had initially been scheduled to launch from Starbase, Texas, at 5.30pm local time, before being delayed twice to 6.30pm. It spent several minutes at T-40 while the SpaceX team worked through issues. The launch was abandoned at around 6.45pm local time, with plans to try again on Friday. Mr Musk said on X that "the hydraulic pin holding the tower arm in place did not retract". "If that can be fixed tonight, there will be another launch attempt tomorrow at 5:30 CT," he said. The abandoned launch came just a day after SpaceX filed plans for a blockbuster float. SpaceX said it needed to raise tens of billions of dollars in order to protect humanity against the "non-zero probability of extinction-level events" by colonising other planets. "We do not want humans to have the same fate as dinosaurs," the company said in its prospectus. The filing detailed SpaceX's ambition to one day build a colony of one million people on Mars. Rapper and Donald Trump's "number one fan" Nicki Minaj made a surprise appearance on the company's livestream of the launch. "Elon, thank you for everything you're doing for humanity," she said, before abruptly walking off camera. Thursday's launch was supposed to be the 12th test mission for Starship, a 400ft-tall rocket that Nasa plans to use for its Artemis Moon missions in 2028, which are intended to return humans to the lunar surface for the first time in more than 50 years. It would have been the debut of a redesigned version of Starship, known as V3, launching from an entirely new pad. The rocket itself features redesigned heat shields and more powerful, lighter Raptor engines. Like past test flights, Starship is made up of two stages - a 237ft Super Heavy booster and a 171ft second stage intended to carry humans into space. On this mission, the Super Heavy booster is planned to splash down in the Gulf of America. In future missions, it will perform a mid-air flip before landing at a catching tower, which features a massive pair of "chopsticks". The Starship spacecraft will travel into space. On this flight, it will release several dummy satellites. For this particular test, SpaceX has also deliberately removed a heat shield panel to test the durability of its design on reentry. The failed launch is not likely to have a significant affect on share price when Mr Musk takes the company public next month, but it is not a good look. Ahead of the planned launch, Phil Scully, general partner at the space investment firm Balerion Space Ventures, was asked by CNN about the risks of a potentially "suboptimal" test flight so close to the SpaceX's IPO. "Of course, the optics matter," he said. "But Starship is still just one piece of a very large pie. And people who are interested in backing SpaceX know that it's built its reputation on rapid iteration and learning through testing." Mr Musk's SpaceX plans to raise as much as $75bn at a valuation as high as $1.75tn. In a prospectus filed with US regulators on Wednesday night, the company also disclosed some of its financial details publicly for the first time. The filing revealed SpaceX had racked up total losses of more than $40bn (£30bn) since its inception. It also showed that SpaceX posted a net loss of $4.9bn last year on revenues of $18.7bn. It has spent billions of dollars on its Starship programme so far.
SK Telecom Shares Surge on Anthropic Profit Outlook
SK Telecom is showing strong performance in the early trading session on the 22nd. Buying momentum appears to have surged following positive earnings outlook for Anthropic, a U.S. AI (artificial intelligence) company in which SK Telecom has made an equity investment. In the stock market, as of 9:30 a.m. on the 22nd, SK Telecom was trading at 105,200 Korean won, up 2,400 won (2.33%) from the previous day's closing price. It briefly soared to 111,500 won immediately after the market opened, setting an intraday record high. The surge in SK Telecom's stock price is attributed to optimistic forecasts for Anthropic's performance. SK Telecom invested $100 million in Anthropic in 2023. On the 20th (local time), the Wall Street Journal reported that Anthropic is expected to achieve its first-ever quarterly profit, with an estimated operating profit of $559 million (approximately 9.95 trillion Korean won) in the second quarter of this year.
SpaceX tries to launch a bigger version of Starship but hits a series of last-minute problems
CAPE CANAVERAL, Fla. (AP) -- SpaceX got within a half-minute of launching its newest and biggest Starship on a test flight Thursday evening before a cascade of problems halted the countdown. The 407-foot (124-meter) rocket was poised to begin a space-skimming journey from Texas extending halfway around the world. But issues cropped up with the brand-new pad at Starbase near the Mexican border, and the company ran out of time. SpaceX CEO Elon Musk later said the hydraulic pin holding the launch tower's arm in place did not retract. If the problem can be fixed quickly, another launch attempt will be made Friday, he noted. Thursday's launch attempt came one day after Musk announced that his rocket company would be going public. Starship holds 20 mock Starlink satellites to be released before the spacecraft's controlled entry into the Indian Ocean at the end of the hourlong flight. It will be the 12th test flight for a Starship and the first since last fall. NASA is relying on this latest version of Starship to land astronauts on the moon in a few years. The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute's Department of Science Education and the Robert Wood Johnson Foundation. The AP is solely responsible for all content.
SpaceX scrubs launch of upgraded Starship V3 from Texas
SpaceX has scrubbed the launch of its 12th Starship rocket from Texas and will attempt the high-stakes test flight again on Saturday AEST. Starship V3, uncrewed and featuring dozens of upgrades tailored for rapid Starlink satellite launches and NASA moon missions, was to be a key test for the vehicle following months of testing delays. The delay is also poised to affect investor confidence ahead of what might be the biggest initial public offering in history, where SpaceX is targeting a valuation of $US1.75 trillion. SpaceX had spent months redesigning Starship after a streak of failures last year, culminating in the V3 design that was meant to launch on Thursday. It called off Friday's launch seconds before its planned lift-off, after multiple pauses to the countdown triggered by fuel temperature and pressure readings. Musk said on X the a hydraulic pin on one of the launch tower's giant mechanical arms did not retract as designed. "If that can be fixed tonight, there will be another launch attempt tomorrow at 5:30 CT," Musk said of the faulty arm. The fully reusable Starship, which SpaceX has spent more than $US15 billion developing, is key to Musk's goals of cutting launch costs, expanding his Starlink satellite business and pursuing ambitions ranging from deep-space exploration to orbital data centres - all factored in to his IPO valuation. Before the launch attempt, Musk sought to temper expectations in case of failure, saying: "There is a large pipeline of V3 ships and boosters in the factory." He said a failure would not affect the cadence of future Starship test launches "by more than a month or so." SpaceX's engineering culture, considered more risk-tolerant than many of the aerospace industry's more established players, is built on a flight-testing strategy that pushes newly developed spacecraft to the point of failure, then fine-tunes improvements through frequent repetition. with AP Get the latest news from thewest.com.au in your inbox. Sign up for our emails
SpaceX tries to launch a bigger version of Starship but hits a series of last-minute problems
CAPE CANAVERAL, Fla. (AP) -- SpaceX got within a half-minute of launching its newest and biggest Starship on a test flight Thursday evening before a cascade of problems halted the countdown. The 407-foot (124-meter) rocket was poised to begin a space-skimming journey from Texas extending halfway around the world. But issues cropped up with the brand-new pad at Starbase near the Mexican border, and the company ran out of time. SpaceX CEO Elon Musk later said the hydraulic pin holding the launch tower's arm in place did not retract. If the problem can be fixed quickly, another launch attempt will be made Friday, he noted. Thursday's launch attempt came one day after Musk announced that his rocket company would be going public. Starship holds 20 mock Starlink satellites to be released before the spacecraft's controlled entry into the Indian Ocean at the end of the hourlong flight. It will be the 12th test flight for a Starship and the first since last fall. NASA is relying on this latest version of Starship to land astronauts on the moon in a few years. The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute's Department of Science Education and the Robert Wood Johnson Foundation. The AP is solely responsible for all content.
IPO Mania: SpaceX On Deck
IPO activity post-pandemic has fluctuated significantly, primarily driven by economic uncertainty, rising interest rates, and inflation, all of which have impacted investor sentiment. The tide has shifted in a positive direction over the past few years, with several notable IPOs hitting the market, including CoreWeave CRWV and Circle Internet Group CRCL. The re-awakening of the IPO market is certainly notable, signaling renewed investor confidence and a meaningful shift in broader risk appetites. But the biggest story surrounding the IPO landscape is, of course, none other than SpaceX. SpaceX SpaceX has officially filed its public S-1 prospectus with the SEC, setting the stage for the largest IPO in stock market history. Trading under the ticker SPCX, the company is targeting a historic valuation between $1.75 trillion and $2 trillion and aims to raise up to $75 billion in capital. The public debut could happen as early as June 12th, so definitely expect it to remain one of the hottest market stories in the near-term. The company's Starlink satellite internet segment is its primary profit engine, with over 10 million subscribers. Notably, SpaceX is aggressively transforming into an AI and infrastructure giant after absorbing Elon Musk's AI startup xAI earlier this year. SpaceX spent billions on AI infrastructure in 2025, also partnering with Tesla TSLA on a chip-making project called 'Terafab' to build its own AI hardware. CoreWeave & Circle Internet Group CoreWeave is a high-performance cloud provider that gives companies easy access to thousands of world-class chips, enabling them to train complex models faster and cheaper without having to buy and manage the expensive hardware themselves. Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce, and financial applications worldwide. It's the issuer of USDC, the world's second-largest dollar-pegged stablecoin, widely used across exchanges, DeFi platforms, and institutional trading venues. Bottom Line Notable IPOs have finally started hitting the tape over the past few years, reflecting a meaningful shift in sentiment. For a deeper dive into the upcoming SpaceX IPO, please consider taking a look at our guide - SpaceX IPO 2026 Guide: Everything You Need to Know and Consider Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis Report CoreWeave Inc. (CRWV): Free Stock Analysis Report Circle Internet Group, Inc. (CRCL): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com).
SpaceX tries to launch a bigger version of Starship but hits a series of last-minute problems
Unfortunately you've used all of your gifts this month. Your counter will reset on the first day of next month. CAPE CANAVERAL, Fla. (AP) -- SpaceX got within a half-minute of launching its newest and biggest Starship on a test flight Thursday evening before a cascade of problems halted the countdown. The 407-foot (124-meter) rocket was poised to begin a space-skimming journey from Texas extending halfway around the world. But issues cropped up with the brand-new pad at Starbase near the Mexican border, and the company ran out of time.
SpaceX scrubs launch of upgraded Starship V3 from Texas
SpaceX has scrubbed the launch of its 12th Starship rocket from Texas and will attempt the high-stakes test flight again on Saturday AEST. Starship V3, uncrewed and featuring dozens of upgrades tailored for rapid Starlink satellite launches and NASA moon missions, was to be a key test for the vehicle following months of testing delays. The delay is also poised to affect investor confidence ahead of what might be the biggest initial public offering in history, where SpaceX is targeting a valuation of $US1.75 trillion. SpaceX had spent months redesigning Starship after a streak of failures last year, culminating in the V3 design that was meant to launch on Thursday. It called off Friday's launch seconds before its planned lift-off, after multiple pauses to the countdown triggered by fuel temperature and pressure readings. Musk said on X the a hydraulic pin on one of the launch tower's giant mechanical arms did not retract as designed. "If that can be fixed tonight, there will be another launch attempt tomorrow at 5:30 CT," Musk said of the faulty arm. The fully reusable Starship, which SpaceX has spent more than $US15 billion developing, is key to Musk's goals of cutting launch costs, expanding his Starlink satellite business and pursuing ambitions ranging from deep-space exploration to orbital data centres - all factored in to his IPO valuation. Before the launch attempt, Musk sought to temper expectations in case of failure, saying: "There is a large pipeline of V3 ships and boosters in the factory." He said a failure would not affect the cadence of future Starship test launches "by more than a month or so." SpaceX's engineering culture, considered more risk-tolerant than many of the aerospace industry's more established players, is built on a flight-testing strategy that pushes newly developed spacecraft to the point of failure, then fine-tunes improvements through frequent repetition.
SpaceX scrubs launch of upgraded Starship V3 from Texas
SpaceX has scrubbed the launch of its 12th Starship rocket from Texas and will attempt the high-stakes test flight again on Saturday AEST. Starship V3, uncrewed and featuring dozens of upgrades tailored for rapid Starlink satellite launches and NASA moon missions, was to be a key test for the vehicle following months of testing delays. The delay is also poised to affect investor confidence ahead of what might be the biggest initial public offering in history, where SpaceX is targeting a valuation of $US1.75 trillion. SpaceX had spent months redesigning Starship after a streak of failures last year, culminating in the V3 design that was meant to launch on Thursday. It called off Friday's launch seconds before its planned lift-off, after multiple pauses to the countdown triggered by fuel temperature and pressure readings. Musk said on X the a hydraulic pin on one of the launch tower's giant mechanical arms did not retract as designed. "If that can be fixed tonight, there will be another launch attempt tomorrow at 5:30 CT," Musk said of the faulty arm. The fully reusable Starship, which SpaceX has spent more than $US15 billion developing, is key to Musk's goals of cutting launch costs, expanding his Starlink satellite business and pursuing ambitions ranging from deep-space exploration to orbital data centres - all factored in to his IPO valuation. Before the launch attempt, Musk sought to temper expectations in case of failure, saying: "There is a large pipeline of V3 ships and boosters in the factory." He said a failure would not affect the cadence of future Starship test launches "by more than a month or so." SpaceX's engineering culture, considered more risk-tolerant than many of the aerospace industry's more established players, is built on a flight-testing strategy that pushes newly developed spacecraft to the point of failure, then fine-tunes improvements through frequent repetition.
SpaceX scrubs Thursday launch of Starship V3 from Texas
May 21 (Reuters) - SpaceX on Thursday scrubbed the launch of its 12th Starship rocket from Texas and said it will attempt it again on Friday. Starship V3, uncrewed and featuring dozens of upgrades tailored for rapid Starlink satellite launches and NASA moon missions, was to be a key test for the vehicle following months of testing delays. It is also poised to affect investor confidence ahead of what might be the biggest initial public offering in history. Elon Musk's SpaceX had spent months redesigning Starship after a streak of failures last year, culminating in the V3 design that was meant to launch on Thursday. SpaceX called off Thursday's launch seconds before its planned liftoff, after multiple pauses to the countdown triggered by fuel temperature and pressure readings. Musk said on X that the a hydraulic pin on one of the launch tower's giant mechanical arms did not retract as designed. "If that can be fixed tonight, there will be another launch attempt tomorrow at 5:30 CT," Elon Musk said of the faulty arm. The fully reusable Starship, which SpaceX has spent more than $15 billion developing, is key to Musk's goals of cutting launch costs, expanding his Starlink satellite business and pursuing ambitions ranging from deep-space exploration to orbital data centers - all factored in to his targeted $1.75 trillion IPO valuation. Before the launch attempt on Thursday, Musk sought to temper expectations in case of failure, saying, "There is a large pipeline of V3 ships and boosters in the factory." He said a failure would not affect the cadence of future Starship test launches "by more than a month or so." SpaceX's engineering culture, considered more risk-tolerant than many of the aerospace industry's more established players, is built on a flight-testing strategy that pushes newly developed spacecraft to the point of failure, then fine-tunes improvements through frequent repetition. (Reporting by Joey Roulette in London, Chris Thomas in Mexico City; Editing by Christian Schmollinger and Stephen Coates)
Out of this world: SpaceX ties Musk bonus to ambitious plan to colonise Mars
NEW YORK, May 22 -- SpaceX's blockbuster IPO filing included some out of this world details, including a provision that founder Elon Musk's massive bonus only kicks in if one million humans settle on Mars. The bonus structure, laid out in SpaceX's prospectus filed with US regulators Wednesday, reads less like a compensation agreement and more like a science fiction plot. Musk's bonus is contingent on SpaceX's stock market value hitting targets ranging from US$400 billion (RM1.58 trillion) to US$6 trillion -- along with the company moving a million people to a planet 140 million miles (225 million kilometers) away. Musk describes that ambition as essential to the long-term survival of the human race, though most experts see it as being at least decades away. Still, Musk will do just fine if the IPO goes ahead in the coming weeks as planned. At the company's reported target valuation of US$1.75 trillion, Musk's existing stake would be worth an estimated US$735 billion -- before a single person sets foot on the Red Planet. A second, smaller bonus ties an additional 60 million shares to a different moonshot: building data centres in orbit capable of delivering 100 terawatts of computing power per year -- a figure that dwarfs anything that exists on Earth today. SpaceX filed for its long-awaited IPO Wednesday, targeting a listing on the Nasdaq stock exchange under the ticker "SPCX" in what could be the largest public offering in Wall Street history. The company's Starship rocket -- whose latest iteration could launch Thursday -- is explicitly designed with Mars colonisation in mind. -- AFP
SpaceX scrubs launch of upgraded Starship V3 from Texas, to retry Friday
May 21 (Reuters) - SpaceX on Thursday scrubbed the launch of its 12th Starship rocket from Texas and said it will attempt the high-stakes test flight again on Friday, as Elon Musk's space company nears a record-breaking public listing. Starship V3, uncrewed and featuring dozens of upgrades tailored for rapid Starlink satellite launches and NASA moon missions, was to be a key test for the vehicle following months of testing delays. It is also poised to affect investor confidence ahead of what might be the biggest initial public offering in history, where SpaceX is targeting a valuation of $1.75 trillion. SpaceX had spent months redesigning Starship after a streak of failures last year, culminating in the V3 design that was meant to launch on Thursday. It called off Thursday's launch seconds before its planned liftoff, after multiple pauses to the countdown triggered by fuel temperature and pressure readings. Musk said on X that the a hydraulic pin on one of the launch tower's giant mechanical arms did not retract as designed. "If that can be fixed tonight, there will be another launch attempt tomorrow at 5:30 CT," Musk said of the faulty arm. The fully reusable Starship, which SpaceX has spent more than $15 billion developing, is key to Musk's goals of cutting launch costs, expanding his Starlink satellite business and pursuing ambitions ranging from deep-space exploration to orbital data centers - all factored in to his IPO valuation. Before the launch attempt on Thursday, Musk sought to temper expectations in case of failure, saying, "There is a large pipeline of V3 ships and boosters in the factory." He said a failure would not affect the cadence of future Starship test launches "by more than a month or so." SpaceX's engineering culture, considered more risk-tolerant than many of the aerospace industry's more established players, is built on a flight-testing strategy that pushes newly developed spacecraft to the point of failure, then fine-tunes improvements through frequent repetition. (Reporting by Joey Roulette in London, Chris Thomas in Mexico City; Editing by Christian Schmollinger and Stephen Coates)
SpaceX scrubs launch of upgraded Starship V3 from Texas
SpaceX has scrubbed the launch of its 12th Starship rocket from Texas and will attempt the high-stakes test flight again on Saturday AEST. Starship V3, uncrewed and featuring dozens of upgrades tailored for rapid Starlink satellite launches and NASA moon missions, was to be a key test for the vehicle following months of testing delays. The delay is also poised to affect investor confidence ahead of what might be the biggest initial public offering in history, where SpaceX is targeting a valuation of $US1.75 trillion. SpaceX had spent months redesigning Starship after a streak of failures last year, culminating in the V3 design that was meant to launch on Thursday. It called off Friday's launch seconds before its planned lift-off, after multiple pauses to the countdown triggered by fuel temperature and pressure readings. Musk said on X the a hydraulic pin on one of the launch tower's giant mechanical arms did not retract as designed. "If that can be fixed tonight, there will be another launch attempt tomorrow at 5:30 CT," Musk said of the faulty arm. The fully reusable Starship, which SpaceX has spent more than $US15 billion developing, is key to Musk's goals of cutting launch costs, expanding his Starlink satellite business and pursuing ambitions ranging from deep-space exploration to orbital data centres - all factored in to his IPO valuation. Before the launch attempt, Musk sought to temper expectations in case of failure, saying: "There is a large pipeline of V3 ships and boosters in the factory." He said a failure would not affect the cadence of future Starship test launches "by more than a month or so." SpaceX's engineering culture, considered more risk-tolerant than many of the aerospace industry's more established players, is built on a flight-testing strategy that pushes newly developed spacecraft to the point of failure, then fine-tunes improvements through frequent repetition.
IPO Mania: SpaceX On Deck
IPO activity post-pandemic has fluctuated significantly, primarily driven by economic uncertainty, rising interest rates, and inflation, all of which have impacted investor sentiment. The tide has shifted in a positive direction over the past few years, with several notable IPOs hitting the market, including CoreWeave CRWV and Circle Internet Group CRCL. The re-awakening of the IPO market is certainly notable, signaling renewed investor confidence and a meaningful shift in broader risk appetites. But the biggest story surrounding the IPO landscape is, of course, none other than SpaceX. SpaceX SpaceX has officially filed its public S-1 prospectus with the SEC, setting the stage for the largest IPO in stock market history. Trading under the ticker SPCX, the company is targeting a historic valuation between $1.75 trillion and $2 trillion and aims to raise up to $75 billion in capital. The public debut could happen as early as June 12, so definitely expect it to remain one of the hottest market stories in the near-term. The company's Starlink satellite internet segment is its primary profit engine, with over 10 million subscribers. Notably, SpaceX is aggressively transforming into an AI and infrastructure giant after absorbing Elon Musk's AI startup xAI earlier this year. SpaceX spent billions on AI infrastructure in 2025, also partnering with Tesla TSLA on a chip-making project called 'Terafab' to build its own AI hardware. CoreWeave & Circle Internet Group CoreWeave is a high-performance cloud provider that gives companies easy access to thousands of world-class chips, enabling them to train complex models faster and cheaper without having to buy and manage the expensive hardware themselves. Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce, and financial applications worldwide. It's the issuer of USDC, the world's second-largest dollar-pegged stablecoin, widely used across exchanges, DeFi platforms, and institutional trading venues. Bottom Line Notable IPOs have finally started hitting the tape over the past few years, reflecting a meaningful shift in sentiment. For a deeper dive into the upcoming SpaceX IPO, please consider taking a look at our guide - SpaceX IPO 2026 Guide: Everything You Need to Know and Consider Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA) : Free Stock Analysis Report CoreWeave Inc. (CRWV) : Free Stock Analysis Report Circle Internet Group, Inc. (CRCL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
SpaceX scrubs launch of upgraded Starship V3 from Texas
SpaceX has scrubbed the launch of its 12th Starship rocket from Texas and will attempt the high-stakes test flight again on Saturday AEST. Starship V3, uncrewed and featuring dozens of upgrades tailored for rapid Starlink satellite launches and NASA moon missions, was to be a key test for the vehicle following months of testing delays. The delay is also poised to affect investor confidence ahead of what might be the biggest initial public offering in history, where SpaceX is targeting a valuation of $US1.75 trillion. SpaceX had spent months redesigning Starship after a streak of failures last year, culminating in the V3 design that was meant to launch on Thursday. It called off Friday's launch seconds before its planned lift-off, after multiple pauses to the countdown triggered by fuel temperature and pressure readings. Musk said on X the a hydraulic pin on one of the launch tower's giant mechanical arms did not retract as designed. "If that can be fixed tonight, there will be another launch attempt tomorrow at 5:30 CT," Musk said of the faulty arm. The fully reusable Starship, which SpaceX has spent more than $US15 billion developing, is key to Musk's goals of cutting launch costs, expanding his Starlink satellite business and pursuing ambitions ranging from deep-space exploration to orbital data centres - all factored in to his IPO valuation. Before the launch attempt, Musk sought to temper expectations in case of failure, saying: "There is a large pipeline of V3 ships and boosters in the factory." He said a failure would not affect the cadence of future Starship test launches "by more than a month or so." SpaceX's engineering culture, considered more risk-tolerant than many of the aerospace industry's more established players, is built on a flight-testing strategy that pushes newly developed spacecraft to the point of failure, then fine-tunes improvements through frequent repetition. with AP Get the latest news from thewest.com.au in your inbox. Sign up for our emails
SpaceX postpones highly anticipated Starship launch
SOUTH PADRE ISLAND (UNITED STATES) - Elon Musk's SpaceX postponed the highly anticipated launch of its upgraded Starship megarocket, calling off Thursday's test after multiple countdown stops-and-starts. The company is now eyeing Friday for another take-off attempt of the third generation of its mammoth rocket, company spokesperson Dan Huot said on the launch livestream. The trial mission comes amid high stakes for the space company eyeing a blockbuster initial public offering. After several rounds of stopping and starting the countdown clock, Huot said engineers would not be able to work through last-minute glitches in time to lift off Thursday. Musk quickly posted on X, formerly Twitter, that "the hydraulic pin holding the tower arm in place did not retract." "If that can be fixed tonight," the company will make another attempt at 5.30pm local time (2230 GMT) on Friday, the tech titan added. The thwarted attempt at the south Texas launchpad comes one day after SpaceX filed with US financial regulators to go public, likely in June, in what is expected to become a record initial public offering. The IPO filing provides potential investors with detailed financial information, risk factors and business strategy. The launch will eventually offer a live-streamed look at SpaceX's progress in developing its enormous Starship rocket, a key component of its own ambitious plans as well as US space agency Nasa's program to return to the Moon. It will be the 12th Starship flight, but the first in seven months. The latest design is bigger than its predecessor, standing at just over 407 feet (124 meters) when fully stacked. The company, which aims to make Starship a fully reusable system, says the mission's primary goal is to demonstrate its redesigns in flight. It's planned that the so-called "Super Heavy" booster will splash into the water off the coast. The upper stage is to deploy a payload of 20 mock satellites and two "specially modified Starlink satellites" outfitted with cameras, which will analyze the spacecraft's heat shield. The test mission is meant to last approximately 65 minutes after liftoff, as the upper stage cruises on a suborbital trajectory and eventually splashes down in the Indian Ocean, if all goes to plan. The most recent Starship missions have gone down as successful. But previous tests have ended in spectacular explosions, including twice over the Caribbean and once after reaching space. Last June, the upper stage blew up in a ground test. The test flight comes at a clutch moment for SpaceX, both as Musk plans the buzzy IPO and NASA eagerly awaits development of a viable lunar lander. SpaceX is under contract with Nasa to produce a modified version of Starship to serve as a landing system. The US space agency's Artemis program aims to return humans to the Moon, as China forges ahead with a rival effort that's targeting 2030 for its first crewed mission. And given private sector delays, anxiety is rising within President Donald Trump's administration that the United States might not get there first. Physicist G. Scott Hubbard, a former director of Nasa's Ames Research Center, told AFP "there's a lot riding" on the latest SpaceX Starship test. "The government made the decision to go with these arms-length contracts for the human landing system, and now these people have to perform." Both SpaceX and rival Blue Origin, the Jeff Bezos-owned firm also vying to develop a lunar lander, have realigned their strategies to prioritize projects related to Moon missions. Nasa is aiming to test an in-orbit rendezvous between the spacecraft and one or two lunar landers in 2027, and carry out a crewed lunar landing before the end of 2028. But a lot needs to happen before then -- and industry experts have voiced repeated scepticism that SpaceX and Blue Origin can achieve benchmarks in time. A major hurdle is proving in-orbit refueling capabilities with super-cooled propellant -- an essential but untested step for carrying out deep-space missions. "Let's hope they succeed," Hubbard said, "but it's a major engineering challenge." Nasa is scheduled to give an update on their lunar exploration plans Tuesday.
SpaceX tries to launch a bigger version of Starship but hits a series of last-minute problems
CAPE CANAVERAL, Fla. (AP) -- SpaceX got within a half-minute of launching its newest and biggest Starship on a test flight Thursday evening before a cascade of problems halted the countdown. The 407-foot (124-meter) rocket was poised to begin a space-skimming journey from Texas extending halfway around the world. But issues cropped up with the brand-new pad at Starbase near the Mexican border, and the company ran out of time. SpaceX CEO Elon Musk later said the hydraulic pin holding the launch tower's arm in place did not retract. If the problem can be fixed quickly, another launch attempt will be made Friday, he noted. Thursday's launch attempt came one day after Musk announced that his rocket company would be going public. Starship holds 20 mock Starlink satellites to be released before the spacecraft's controlled entry into the Indian Ocean at the end of the hourlong flight. It will be the 12th test flight for a Starship and the first since last fall. NASA is relying on this latest version of Starship to land astronauts on the moon in a few years. The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute's Department of Science Education and the Robert Wood Johnson Foundation. The AP is solely responsible for all content.
SpaceX scrubs launch of upgraded Starship V3 from Texas
SpaceX has scrubbed the launch of its 12th Starship rocket from Texas and will attempt the high-stakes test flight again on Saturday AEST. Starship V3, uncrewed and featuring dozens of upgrades tailored for rapid Starlink satellite launches and NASA moon missions, was to be a key test for the vehicle following months of testing delays. The delay is also poised to affect investor confidence ahead of what might be the biggest initial public offering in history, where SpaceX is targeting a valuation of $US1.75 trillion. SpaceX had spent months redesigning Starship after a streak of failures last year, culminating in the V3 design that was meant to launch on Thursday. It called off Friday's launch seconds before its planned lift-off, after multiple pauses to the countdown triggered by fuel temperature and pressure readings. Musk said on X the a hydraulic pin on one of the launch tower's giant mechanical arms did not retract as designed. "If that can be fixed tonight, there will be another launch attempt tomorrow at 5:30 CT," Musk said of the faulty arm. The fully reusable Starship, which SpaceX has spent more than $US15 billion developing, is key to Musk's goals of cutting launch costs, expanding his Starlink satellite business and pursuing ambitions ranging from deep-space exploration to orbital data centres - all factored in to his IPO valuation. Before the launch attempt, Musk sought to temper expectations in case of failure, saying: "There is a large pipeline of V3 ships and boosters in the factory." He said a failure would not affect the cadence of future Starship test launches "by more than a month or so." SpaceX's engineering culture, considered more risk-tolerant than many of the aerospace industry's more established players, is built on a flight-testing strategy that pushes newly developed spacecraft to the point of failure, then fine-tunes improvements through frequent repetition.
