News & Updates
The latest news and updates from companies in the WLTH portfolio.
Elon Musk Says SpaceX Will Fly Orbital Data Centers Next Year - SpaceX (NASDAQ:SPCX)
Elon Musk's Orbital Data Center Goal Amidst the fiery accusations, Altman retorted, saying that Musk was selling public investors the idea of orbital AI compute, questioning the practicality of the goal. Musk responded by saying that SpaceX will "start flying them next year." Chanos expressed skepticism about Musk's claims. "[Narrator: This week's 13th test flight of Starship is still not planned to reach full Earth orbit.]," the short seller said in his post on X on Sunday. SpaceX Touts Starlink V3 SpaceX said that the upcoming 13th Starship flight test would also see over 20 Starlink V3 satellites be deployed with the test. "Starship is planned to deploy 20 satellites which will extend solar arrays and antennas and will attempt to connect with ground stations in South Africa and the larger Starlink constellation via high-capacity lasers," SpaceX said. Analyst Aaron Burnett, the founder of Mach 33, an investment firm aimed at Space technology, hailed the launch as a "significant inflection in Starlink V3 ramp," which would also translate to a "global bandwidth capacity ramp," Burnett said via a post on X. SpaceX also said that the satellites would provide information on the rocket's heat shields. "Six of the satellites have been modified with a suite of cameras to scan Starship's heat shield and transmit imagery down to operators," the company said. The launch is expected to take place on Thursday, July 16. Benzinga Edge Rankings show SpaceX fails to provide a favorable price trend in the Short, Medium and Long term. Price Action: SpaceX shares were up 0.43% to $145.92 during the after-hours session on Friday. Check out more of Benzinga's Future Of Mobility coverage by following this link. Photo courtesy: Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
Elon Musk Says SpaceX Would Be Worth More Than Earth if It Achieves Its Goals Amid First AI Satellite Rev
SpaceX to Exceed Earth's Value? "I wonder if History will look back at this $7.5-40B Anthropic/SpaceXai deal as the biggest unforced error of the AI era," the user said, while also outlining that the deal could hinder Anthropic's IPO as users could transfer most token exchange to SpaceX and "Claude is only used for the top tasks." Musk responded to the user, sharing his own take on the matter. "You don't seem to understand that SpaceX will be worth more than the rest of Earth if we accomplish our goals," he said in the post. SpaceX Touts New AI Satellite On Thursday, SpaceX also revealed renderings of the company's AI1 satellite, part of its Starmind constellation, which is a constellation of satellites dedicated to AI compute. The satellites will support chips from all providers and possess a 150 kW peak compute payload, as well as an average payload compute of 120 kW. The satellites will have a wingspan of 70 meters and have a 150 kW solar array. Notably, Musk has been a staunch supporter of orbital AI compute, most recently saying it was the only way to overcome Earth-based bottlenecks to AI compute. "Space is the only way to scale at scale," the trillionaire had said. Benzinga Edge Rankings show SpaceX fails to provide a favorable price trend in the Short, Medium and Long term. Price Action: SpaceX shares were up 0.06% at $152.25 during the after-hours session on Thursday. Photo courtesy: Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
TeraWulf's Rough Week: Meta's Cloud Push, DeepSeek Chips and Crypto's Drop Overshadow Anthropic Deal - Te
* TeraWulf stock is trending lower. Why are WULF shares declining? Broader Sector Headwinds Adding to the pressure, cryptocurrency markets have broadly declined today -- a meaningful headwind for TeraWulf, which still operates a Bitcoin mining business alongside its AI infrastructure pivot. Bitcoin is down 1.68% to $62,087. Meta Enters the AI Cloud Market The Anthropic Deal TeraWulf Shares Edge Lower WULF Price Action: At the time of publication, TeraWulf shares are trading 1.53% lower at $19.92, according to data from Benzinga Pro. Image via Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
SpaceX, ClearOne, FuelCell Energy, Cloudflare and Penguin Solutions: Why These 5 Stocks Are on Investors'
Major U.S. indices closed lower on Tuesday, with the Dow Jones Industrial Average slipping 0.25% to 52,925.15, the S&P 500 falling 0.45% to 7,503.85 and the Nasdaq dropping 1.16% to 25,818.69. These are the top stocks that gained the attention of retail traders and investors through the day. Space Exploration Technologies Corp. (NASDAQ:SPCX) SpaceX shares fell 6.83% to $149.47, after trading as high as $159.30 and as low as $148.86; the stock's 52-week range runs from $147.11 to $225.64. In the after-hours trading, the stock gained 1.14% to $151.17. Clearone Inc. (NASDAQ:CLRO) ClearOne surged 97.71% to $13.84, reaching an intraday high of $16.50 and a low of $8.13; its 52-week span is $2.72 to $16.50. The stock gained 5.13% to $14.55 in extended trading. Traders piled in after the company disclosed a definitive merger agreement with Cortigent, a Vivani Medical subsidiary, along with financing plans intended to support the combined business and its shift toward medtech. The merger update and the strategic pivot to medical devices fueled the sharp advance. FuelCell Energy, Inc. (NASDAQ:FCEL) FuelCell Energy dropped 12.68% to $25.96, with an intraday high of $29.18 and a low of $25.72; the stock's 52-week range is $3.78 to $37.88. In the after-hours session, the stock plummeted by 16.76% to $21.61. Cloudflare, Inc. (NYSE:NET) Cloudflare gained 8.60% to $268.83, trading as high as $274 and as low as $254 during the session; the stock's 52-week range stands at $158.83 to $276.82. Penguin Solutions, Inc. (NASDAQ:PENG) Penguin Solutions fell 7.38% to $62.71, after hitting an intraday high of $65.34 and a low of $60.20; the stock's 52-week range is $16.04 to $77.40. The stock popped 3.65% higher at $65 in extended trading. Penguin Solutions raised its full-year fiscal 2026 outlook, forecasting revenue growth of 22%, plus or minus 2%, up from its previous expectation of about 12%, and projected adjusted earnings of $2.60 per share, plus or minus 5 cents, citing strong customer demand driven by agentic AI. Benzinga Edge Stock Rankings indicate SpaceX stock doesn't rank high on Short, Medium and Long-term Price Trends. Photo Courtesy: thanmano on Shutterstock.com Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
Cathie Wood's Ark Invest Buys the SpaceX Dip and Dumps $8.6 Million Worth of Surging AMD Stock - SpaceX (
The SpaceX buy came as the Elon Musk-led company's stock retreated from its first-week debut highs. Shares have fallen 28.9% from a peak of $225.64, though SpaceX still commands a market value of about $2.1 trillion, placing it among the world's most valuable companies. The AMD Trade The chipmaker's rally came as Japanese autonomous driving startup Turing Inc. said it raised $79 million in an extension of its Series A round, adding AMD Ventures as a new investor and expanding use of AMD's AI accelerators. The funding valued Turing at about $600 million. Other Key Trades Benzinga Edge Stock Rankings indicate SpaceX Stock doesn't check out on Short, Medium, and Long Price Trends. Image via Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
NASA's Jared Isaacman Says Blue Origin's New Glenn Recovery Is 'Beyond Impressive' - SpaceX (NASDAQ:SPCX)
NASA Administrator Jared Isaacman said Blue Origin has devoted significant resources to cleaning up and rebuilding its launch pad after a late-May explosion of a New Glenn rocket, as the agency weighs how the setback could affect lunar missions tied to the Artemis program. Isaacman Praises Blue Origin Recovery Work NASA has a major stake in Blue Origin's return to flight. The agency is counting on the company's Mk. 1 lunar lander to carry cargo missions to the moon and its larger Mk. 2 lander to eventually ferry astronauts to the lunar surface. New Glenn was expected to play a central role in launching both vehicles. New Glenn Still Remains Plan A "They're making great progress," Isaacman said. "So plan A is very much still to launch the Mk. 1 on New Glenn. They are very committed to getting back in the business of launching New Glenn before the end of the year. And Plan A is looking a lot better today than it was weeks ago, just based on the progress that the Blue Origin team is making." Blue Origin Plans Crane-Based Relaunch Limp said Blue Origin continues to investigate the anomaly. "The vehicle is highly instrumented with extensive data from multiple camera angles and sensors, giving us confidence in our ability to identify and correct the root cause," he wrote. "Early analysis points to the aft section of the first stage." The blast destroyed the lightning tower and massive transporter-erector that moved and raised New Glenn. To speed the return, Limp said Blue Origin will not rebuild the same pad or construct a new transporter-erector. Instead, engineers plan to use a crane to lift the integrated stages onto the launch mount before adding the payload fairing. Photo courtesy: Pandora Pictures / Shutterstock.com Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
Alex Karp Bashes OpenAI, Anthropic Token Model -- 'Something Has Gone Completely Wrong' - NVIDIA (NASDAQ:N
"Something has gone completely wrong," Karp told CNBC's "Squawk Box," adding, "I'm not throwing shade at them." After the anchor said his comments "sound like shade," Karp responded, "No, no, no. This is reporting." The billionaire businessman said the prevailing enterprise mindset has become, "I'm going to chillax and waste my time with tokens," warning, "I'm going to get no value and they're going to get my IP." Enterprises Pivot From Tokenmaxxing to ROI Amid the shift, enterprises are moving away from tokenmaxxing and toward return on investment, increasingly adopting lower-cost open-weight models or building their own tools. It's a familiar theme. Karp made similar remarks on a June podcast, warning that enterprises are "token maxing," or overusing AI without meaningful productivity gains. He said frontier labs are "super charismatic with investors" but "super not charismatic with enterprises." During his appearance, Karp also cautioned the industry shouldn't underestimate China's accelerating AI progress. Nvidia Deal Anchors 'AI Sovereignty' Push Karp, talking about this during the interview, said, "What aligns me with Nvidia... is control over their compute, their models, their data stack and their alpha. They want to know they own the means of production. It's not being transferred to someone else." On Tuesday, ahead of the interview, Palantir also posted a nine-point "AI sovereignty" manifesto on X criticizing tokenmaxxing and urging firms to retain control of their data. Trading Metrics, Technical Analysis Palantir has a market capitalization of $301.41 billion, a 52-week high of $207.52 and a 52-week low of $106.38. The technology stock has fallen 25.10% year to date. Price Action: PLTR closed the regular session on Wednesday up 7.77% at $125.73, according to Benzinga Pro. With a strong Growth score of 97.69, Benzinga's Edge Stock Rankings indicate that PLTR has a negative price trend across all time frames. Photo Courtesy: Meir Chaimowitz on Shutterstock.com Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
Elon Musk Calls Report on SpaceX AI Handheld Device 'Utterly False' After Claims of an iPhone Rival Spark
Elon Musk, the CEO of Space Exploration Technologies Corp. (NASDAQ:SPCX), has refuted reports that his company is developing a handheld AI device. Musk took to X and responded to the reports by labeling them as "utterly false". The original post about the report was deleted later on. Earlier this year, Musk said a Starlink phone was "not out of the question" and could be AI-optimized, but later clarified that SpaceX is not developing a smartphone. The Report In Question The report comes after SpaceX President Gwynne Shotwell, last month, reportedly informed investors about the company's plans to launch a Starlink retail product for U.S. consumers and build its own terrestrial mobile network. What Do The Analysts Say? "...it's hard to imagine SpaceX becoming a force in consumer electronics," wrote the firm. Price Action: Since its debut on June 12, SpaceX stock has declined 2.12%, as per Benzinga Pro data. On Wednesday, it plunged 7.80% to close at $157.54. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor Image via Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
Dan Ives Says SpaceX's 'Demand Flywheel' is Just Getting Started As Wall Street Veteran Roger Altman Ques
However, Wedbush's $190 price target arrives amidst a fierce Wall Street debate, highlighted by Evercore founder Roger Altman's recent warning that "nobody understands" how to accurately value the volatile aerospace and AI giant. Driving The Flywheel In a note to clients, Wedbush assigned an Outperform rating to SPCX, framing the company as a dominant, vertically integrated platform across connectivity, launch, and AI infrastructure. Ives emphasized that Starship launches are leading to a powerful "demand flywheel and increasing deal flow for its Colossus clusters," with the Starlink satellite network serving as the primary "profitability driver," backed by 12 million global subscribers. Wedbush's Sum-of-the-Parts valuation implies an enterprise value of approximately $2.48 trillion based on FY28 estimates. This fundamental momentum coincides with a major technical tailwind. Nasdaq confirmed that SpaceX will join the Nasdaq-100 Index before trading begins next Tuesday. As a result, massive index-tracking funds will be forced to rebalance their portfolios, triggering heavy passive buying. The Valuation Conundrum Despite Wedbush's optimism, other institutional voices urge caution. Speaking on CNBC, Evercore Senior Chairman Altman warned investors to brace for sharp swings. "I don't think anybody understands, at least I don't, how to value companies like SpaceX or Anthropic," Altman stated, noting that their unprecedented scale and uncertain cash flows defy traditional financial math. Reinforcing this skepticism, Third Bridge sector analyst John Conca told Schwab Network that aggressive multi-year subscriber projections are "unrealistic" due to near-term capacity constraints. SPCX Gains Since Listing Shares of SPCX have gained 13.91% since its listing on June 12. It was up 9.45% over the last five sessions, and it rose 4.06% to $170.86 apiece on Tuesday. SPCX was 1.84% higher in premarket on Wednesday. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Image via Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
SpaceX: Has the Story Run Ahead Of The Stock -- Or The Other Way Around? - SpaceX (NASDAQ:SPCX)
* SPCX stock is moving. See the chart and price action here. The Bears CFRA's Keith Snyder planted the first flag on the bearish side, launching coverage on SPCX with a Sell and a $115 price target that implies hefty downside from the IPO frenzy levels. He argues investors are pre‑paying for still‑nascent AI and orbital‑compute businesses while the cash engine remains Starlink. His sum‑of‑the‑parts math lands near $1.2 trillion of fair value versus a market cap that briefly brushed $2.75 trillion dollars. In his view, SpaceX is a world‑class franchise wrapped in an over‑extended multiple and heavy capex, not a buy‑at‑any‑price growth story. Susquehanna's Mehdi Minervino effectively calls a time‑out, setting a $170 price target and telling investors to wait for a better entry after a $400 billion drawdown. He still models eye‑watering 80%+ revenue and EBITDA CAGRs through 2028 but worries the market already discounts much of that ramp. The Bulls On the other end, New Street Research's Pierre Ferragu leans into the upside, with a $165 dollar base‑case target and a $330 dollar bull case if SpaceX successfully prices in its largest opportunities. For Ferragu, SPCX is a multi‑decade compounder whose space, data and defense optionality is still under‑appreciated at current levels. Oppenheimer's Tim Horan sits in the optimistic camp as well, with an Outperform and a $250 target built on a $25 trillion AI TAM and SpaceX's vertically integrated stack across satellites, chips and data. Yet even Horan concedes the execution stretch as SpaceX pushes simultaneously into launch, broadband, compute and AI. The Bottomline Overall, the Street's average price target sits at $178.33, skewed positive but with dispersion widening fast. Everyone agrees SpaceX owns unique assets; the only real question is how much of that future investors have already paid for. SPCX Stock Price Activity: SpaceX shares were down 1.86% at $153.19 during premarket trading on Wednesday, according to Benzinga Pro data. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
Nvidia's Nightmare? Why J.P. Morgan's Cembalest Calls Anthropic's Trainium Deal 'Strongest Third-Party' E
This development follows a commercial expansion where Anthropic committed to spending more than $100 billion on AWS technology to secure massive data center capacities. Cracking Nvidia's Monopoly The massive financial migration outlines an escalating headache for market incumbents. According to J.P. Morgan Equity Research, hyperscalers developing in-house chips are reporting total cost of ownership reductions of 30% to 40% compared to traditional merchant GPU fleets. Amazon explicitly maintains that its custom AI silicon offers high performance at a significantly lower cost, offering a direct competitive alternative to high-priced hardware infrastructure. Cembalest notes that this transition underpins a visible trend, resulting in a gradually "declining share" of global accelerator revenue for Nvidia, which is projected to slip from 85% in 2023 down to an estimated 75%. Volatility Meets Long-Term Scale Despite this executive branch intervention and the resulting export blocks, the underlying custom silicon framework remains intact. Cembalest concludes that while tech hardware dependencies are permanently shifting, the broader financial projections of these premium AI labs are still highly "speculative, uncertain and subject to revision." How Has AMZN Performed In 2026? AMZN shares have just risen by 1.43% year-to-date, declined by 12.09% over the last month, and advanced 12.30% over the year. It closed 0.57% higher at $234.11 apiece on Tuesday, and it was lower by 0.37% in premarket on Wednesday. Benzinga's Edge Stock Rankings indicate that AMZN maintains a weak price trend in the short, long, and medium terms, with a moderate quality score. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo courtesy: Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
CBRS, FDX, ATLN, BLZE, TSLA: 5 Trending Stocks Today - Cerebras Systems (NASDAQ:CBRS)
Cerebras Systems, FedEx, Atlantic International, Backblaze And Tesla: Why These 5 Stocks Are On Investors' Radars Today Major U.S. indexes closed lower on Tuesday, with the Dow Jones Industrial Average slipping 0.09% to 51,666.84, the S&P 500 dropping 1.44% to 7,365.46, and the Nasdaq tumbling 2.22% to 25,587.03. These are the top stocks that gained the attention of retail traders and investors through the day: Cerebras Systems (NASDAQ:CBRS) Cerebras Systems' stock closed the day up 1.02% at $226.72, with an intraday high of $237 and a low of $210. The company's 52-week high is $385 and its low is $196.73. In the after-hours trading, the stock crashed over 11% to $201.04. The company guided for full-year 2026 core revenue of $855 million to $865 million, representing approximately 69% year-over-year growth at the midpoint, with core gross margins expected between 38% and 41%. FedEx (NYSE:FDX) FedEx shares ended the day down 3.51% at $317.24, with an intraday high of $327.4 and a low of $316.36. The company's 52-week high is $345.37 and its low is $174.01. In the after-hours session, the shares fell 6.46% to $296.74. FedEx reported a stronger-than-expected fourth quarter, with revenue of $25 billion topping the $24.04 billion consensus estimate and adjusted earnings of $6.31 per share exceeding expectations of $5.96 per share. For 2026, FedEx guided for 11% revenue growth and adjusted earnings of $16.90 to $18.10 per share. The company ended the quarter with $13.3 billion in cash and cash equivalents and said it plans to repurchase up to $1 billion of stock through the remainder of 2026. Atlantic International (NASDAQ:ATLN) Atlantic International saw a massive surge of 202.41%, closing at $1.33. The stock hit an intraday high of $1.82 and a low of $0.98. The company's 52-week high is $5.25 and its low is $0.41. The shares rose 4.5% to $1.39 in extended trading. Atlantic International's Circle8 Group secured a public-sector framework agreement through a competitive procurement process involving 16 participants, with a minimum contract value of approximately $52 million over four years. The company said the award expanded its public-sector footprint in Europe. The new agreement, combined with a previously announced public-sector contract worth an estimated $380 million, brought the total value of recent public-sector awards to more than $430 million. CEO Jeffrey Jagid said the wins reflected the company's ability to deliver workforce solutions for large organizations across Europe. Backblaze (NASDAQ:BLZE) Backblaze shares closed the day up 43.60% at $11.66, with an intraday high of $11.84 and a low of $9.62. The company's 52-week high is $11.84 and its low is $3.26. The stock popped 7.03% higher to $12.48 in the after-hours trading. Backblaze announced a five-year, $335 million agreement to provide multi-exabyte data storage services to CoreWeave, supporting portions of the AI cloud provider's managed storage infrastructure and enabling additional storage tiers for customers without requiring code changes. Tesla (NASDAQ:TSLA) Tesla stock ended the day down 5.79% at $381.61, with an intraday high of $392.87 and a low of $379.06. The company's 52-week high is $498.82 and its low is $288.77. The National Highway Traffic Safety Administration said it was investigating the crash after the driver claimed the vehicle was operating on Autopilot. Benzinga Edge Stock Rankings indicate Cerebras stock doesn't check out on Short, Medium and Long Price Trends. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo Courtesy: prassarp on Shutterstock.com Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
