News & Updates
The latest news and updates from companies in the WLTH portfolio.
SpaceX's two lead underwriters have a $1 trillion chasm in their valuation as quiet period ends
Morgan Stanley sets $300 price target on Space as Goldman Sachs arrives at $205 What's SpaceX worth? Analysts at underwriters now have their say. The two lead underwriters on SpaceX's initial public offering, Goldman Sachs and Morgan Stanley, have a valuation gap of more than $1 trillion as they both initiated coverage at the equivalent of buy. Goldman Sachs analysts led by Eric Sheridan set a price target of $205 on the rocket-launching company, while Morgan Stanley analysts led by Adam Jonas set a $300 target, as the 25-day quiet period expired for SpaceX's underwriters. SpaceX (SPCX)closed Monday at $160.42, more than 25% below the post-IPO high of $225.64 but still above the IPO valuation of $135. The ironic aspect is that Goldman actually is forecasting better financial performance than Morgan Stanley. SpaceX won't become free-cash-flow positive until 2031 on Goldman's numbers, but is forecast to double revenue this year with adjusted earnings before interest, tax, depreciation and amortization reaching $352 billion, from last year's $6.58 billion, by the end of the decade. The Morgan Stanley team have a more conservative approach to the near term - they see SpaceX's adjusted EBITDA to be $162 billion by 2029, and they don't expect SpaceX to become free cash flow positive until 2035. The difference, then, is how they translate those estimates into a price target. Morgan Stanley discounts cash flow by each division over 15 years "with triangulation/support through multiples," while Goldman's valuation is based on 2029 numbers. Each team does acknowledge the gap between their numbers and the current reality. "Space is hard," say Jonas and team, as they say the outlook depends on several technologies not yet proven at commercial scale, like fully reusable Starships capable of hitting thousands of launches a year and orbital compute. Sheridan makes a similar point. "In many ways, SpaceX presents a track record of building toward solutions which many industry experts had previously viewed to be implausible (albeit with this execution not being as linear as public market investors typically desire), particularly with regard to their ability to be the low cost provider of various infrastructure as a service offerings," says the Goldman note. -Steve Goldstein This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires 07-07-26 0420ET Copyright (c) 2026 Dow Jones & Company, Inc.
Dow Jones Top Company Headlines at 5 AM ET: Google Loses Fight Against EU's $4.7 Billion Android Fine | SpaceX ...
Google Loses Fight Against EU's $4.7 Billion Android Fine Alphabet's Google lost a lengthy battle to overturn the fine imposed by the European Union over its Android operating system, the bloc's top court said. ---- SpaceX Showed Investors Prototype of Elon Musk's New AI Device The sleek, handset-like prototype was designed to integrate AI technology from SpaceX's xAI. ---- The Anthropic Fable Ban Is Over. The Battle Over How to Tame AI Has Just Begun. Washington's move to unblock Anthropic's model underscores America's divisions over how to regulate cutting-edge technology. ---- Europe Learns It's Hard to Start a Trade War With China During a Heat Wave The continent's citizens are rushing to buy Chinese air conditioners while EU officials are challenging Beijing over a flood of exports. ---- Roche Lung-Cancer Drug Candidate Beats Existing Therapies in Late-Stage Trial Experimental drug, divarasib, showed meaningful improvements in both patients' overall survival and the time they survived without the disease worsening. ---- Takeda, InSilico Strike AI Drug-Discovery Deal Worth Up to $600 Million Takeda will pay InSilico to use its proprietary Pharma. AI platform to advance drug candidates across several therapeutic areas. ---- KNDS Postpones IPO Citing Market Volatility The tank manufacturer said discussions with investors confirmed they believed in the company's long-term strategy and that it stood ready to resume the IPO process as soon as market conditions allowed. ---- Northern Star Names Glencore's Suresh Vadnagra Next CEO Northern Star Resources picked the head of Glencore's nickel and zinc industrial assets to be its next chief executive, as it faces pressure from activist investor Elliott Investment Management for change. ---- Alibaba, U.S. Payment Processor to Pay $600 Million in DOJ Settlement Over Illegal Drug Sales The payment resolves allegations that Alibaba Group and AUS Merchant Services allowed merchants to sell and import illegal pharmaceuticals and other restricted items into the U.S. ---- CMA CGM to Buy FedEx Supply Chain for $1.4 Billion World's No. 3 container line says the deal will expand its contract-logistics business in the U.S. ---- How Amazon, Walmart, and Grocery Rivals Are Battling for Your Doorstep Delivery speed is still top priority for consumers, but there are other ways retailers get shoppers to proceed to checkout. ---- Shares in AOL Owner Jump 40% in Stock-Market Debut Bending Spoons' listing comes after U.S. IPOs raised a record haul in the first six months of the year. ---- Prominent Tech Analyst Dan Ives Is Leaving Wedbush During his eight years at Wedbush, Dan Ives became one of the most familiar faces on Wall Street and took a consistently bullish view on tech. (END) Dow Jones Newswires July 02, 2026 05:15 ET (09:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc.
Dow Jones Top Company Headlines at 3 AM ET: SpaceX Showed Investors Prototype of Elon Musk's New AI Device | The ...
SpaceX Showed Investors Prototype of Elon Musk's New AI Device The sleek, handset-like prototype was designed to integrate AI technology from SpaceX's xAI. ---- The Anthropic Fable Ban Is Over. The Battle Over How to Tame AI Has Just Begun. Washington's move to unblock Anthropic's model underscores America's divisions over how to regulate cutting-edge technology. ---- Europe Learns It's Hard to Start a Trade War With China During a Heat Wave The continent's citizens are rushing to buy Chinese air conditioners while EU officials are challenging Beijing over a flood of exports. ---- Roche Lung-Cancer Drug Candidate Beats Existing Therapies in Late-Stage Trial Experimental drug, divarasib, showed meaningful improvements in both patients' overall survival and the time they survived without the disease worsening. ---- Takeda, InSilico Strike AI Drug-Discovery Deal Worth Up to $600 Million Takeda will pay InSilico to use its proprietary Pharma. AI platform to advance drug candidates across several therapeutic areas. ---- KNDS Postpones IPO Citing Market Volatility The tank manufacturer said discussions with investors confirmed they believed in the company's long-term strategy and that it stood ready to resume the IPO process as soon as market conditions allowed. ---- Northern Star Names Glencore's Suresh Vadnagra Next CEO Northern Star Resources picked the head of Glencore's nickel and zinc industrial assets to be its next chief executive, as it faces pressure from activist investor Elliott Investment Management for change. ---- Alibaba, U.S. Payment Processor to Pay $600 Million in DOJ Settlement Over Illegal Drug Sales The payment resolves allegations that Alibaba Group and AUS Merchant Services allowed merchants to sell and import illegal pharmaceuticals and other restricted items into the U.S. ---- CMA CGM to Buy FedEx Supply Chain for $1.4 Billion World's No. 3 container line says the deal will expand its contract-logistics business in the U.S. ---- How Amazon, Walmart, and Grocery Rivals Are Battling for Your Doorstep Delivery speed is still top priority for consumers, but there are other ways retailers get shoppers to proceed to checkout. ---- Robinhood Accelerates International Push. What It Is Launching in Europe, Canada, and Singapore. The company is also expanding AI trading capabilities for U.S. cryptocurrency investors. ---- Shares in AOL Owner Jump 40% in Stock-Market Debut Bending Spoons' listing comes after U.S. IPOs raised a record haul in the first six months of the year. ---- Prominent Tech Analyst Dan Ives Is Leaving Wedbush During his eight years at Wedbush, Dan Ives became one of the most familiar faces on Wall Street and took a consistently bullish view on tech. (END) Dow Jones Newswires July 02, 2026 03:15 ET (07:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc.
Dow Jones Top Company Headlines at 9 PM ET: SpaceX Showed Investors Prototype of Elon Musk's New AI Device | Takeda, ...
SpaceX Showed Investors Prototype of Elon Musk's New AI Device The sleek, handset-like prototype was designed to integrate AI technology from SpaceX's xAI. ---- Takeda, InSilico Strike AI Drug-Discovery Deal Worth Up to $600 Million Takeda is set to pay InSilico to use its proprietary Pharma. AI platform to advance drug candidates across several therapeutic areas, according to people familiar with the matter. ---- Alibaba, U.S. Payment Processor to Pay $600 Million in DOJ Settlement Over Illegal Drug Sales The payment resolves allegations that Alibaba Group and AUS Merchant Services allowed merchants to sell and import illegal pharmaceuticals and other restricted items into the U.S. ---- McKinsey Shakes Up Its Board After Scandals Over Past Work With Clients The move creates a separate chair role to strengthen oversight of the elite consulting firm. ---- Inflexion Sells Avantus to Arcline in $1.1 Billion Deal The private-equity sale underlines a recent surge in appetite for aerospace businesses. ---- Shares in AOL Owner Jump 40% in Stock-Market Debut Bending Spoons' listing comes after U.S. IPOs raised a record haul in the first six months of the year. ---- Binance Cuts Off European Users After Regulator Raises Financial-Crime Concerns The EU's markets regulator had privately advised national authorities to block the crypto exchange's application to operate under a new regulatory regime. ---- Prominent Tech Analyst Dan Ives Is Leaving Wedbush During his eight years at Wedbush, Dan Ives became one of the most familiar faces on Wall Street and took a consistently bullish view on tech. ---- Pesticide Giant Syngenta Appoints New CEO Syngenta Group chief executive and Illinois farmer Jeff Rowe plans to step down from the company's top job, and he'll be replaced by the operating chief and former head of its China business. ---- Peak Rock Capital Bets on Specialty Drug Boom With Asembia Acquisition Private-equity firm snaps up healthcare services platform as demand for complex, high-cost drugs drives spending to new highs. ---- CMA CGM to Buy FedEx Supply Chain for $1.4 Billion World's No. 3 container line says the deal will expand its contract-logistics business in the U.S. ---- Google Must Pay Nearly $2 Billion to Klarna in Antitrust Case A Swedish court ruled that the search giant favored its own price-comparison service over Klarna's. ---- This Beer CEO Is Thrilled About a Knicks Title and the World Cup Nick Fink, leader of Modelo maker Constellation Brands, discussed the biggest season for brews and how GLP-1s and affordability are reshaping habits. ---- Nestle's Coffee Boss Eyes Matcha Push EXCLUSIVE: The company's interest in the green, tea-based product comes amid volatility in coffee-bean prices and as it looks to tap younger customers. ---- National Grid to Invest $1.75 Billion in Joulent in U.S. Energy Push National Grid will get a 35% stake in Joulent, which is developing contracted power generation and high-voltage infrastructure for U.S. customers that require substantial amounts of power. (END) Dow Jones Newswires July 01, 2026 21:15 ET (01:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc.
Securities Fraud Investigation Into Cerebras Systems Inc. (CBRS) Announced - Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
Securities Fraud Investigation Into Cerebras Systems Inc. (CBRS) Announced - Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz The Law Offices of Frank R. Cruz announces an investigation of Cerebras Systems Inc. ("Cerebras" or the "Company") (NASDAQ: CBRS) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON CEREBRAS SYSTEMS INC. (CBRS), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On May 14, 2026, Cerebras conducted its initial public offering ("IPO"), selling 30 million shares of common stock at $185.00 per share. On June 24, 2026, Cerebras released its first quarter 2026 financial results, missing estimates, and disclosing that "[f]or the rest of 2026, in order to accelerate [the Company's] ability to service the significant near-term demand in [its] contracted backlog, [it has] chosen to make more capacity available sooner by temporarily renting [its] own systems back from an existing customer while [it] aggressively build[s] out and deploy[s] [its] own data center capacity." Further, the Company revealed that "[t]he additional cost of renting third-party capacity will depress core Cloud and other services margin temporarily from current levels." On this news, Cerebra's stock price fell $44.46, or 19.6%, to close at $182.26 per share on June 24, 2026, thereby injuring investors. Contact Us To Participate or Learn More: If you purchased Cerebras securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 Call us at: 310-914-5007 Email us at: [email protected] Visit our website at: www.frankcruzlaw.com. Follow us for updates on Twitter at twitter.com/FRC_LAW. If you inquire by email, please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz 310-914-5007 [email protected] www.frankcruzlaw.com View source version on businesswire.com: https://www.businesswire.com/news/home/20260701285651/en/
Dow Jones Top Company Headlines at 7 PM ET: SpaceX Showed Investors Prototype of Elon Musk's New AI Device | Shares ...
SpaceX Showed Investors Prototype of Elon Musk's New AI Device The sleek, handset-like prototype was designed to integrate AI technology from SpaceX's xAI. ---- Shares in AOL Owner Jump 40% in Stock-Market Debut Bending Spoons' listing comes after U.S. IPOs raised a record haul in the first six months of the year. ---- Google Must Pay Nearly $2 Billion to Klarna in Antitrust Case A Swedish court ruled that the search giant favored its own price-comparison service over Klarna's. ---- Kroger to Buy Food & Pharmacy Retailer Giant Eagle for $1.65 Billion Kroger has agreed to acquire food and pharmacy retailer Giant Eagle for $1.65 billion in cash and assumed liabilities. ---- Alibaba, U.S. Payment Processor to Pay $600 Million in DOJ Settlement Over Illegal Drug Sales The payment resolves allegations that Alibaba Group and AUS Merchant Services allowed merchants to sell and import illegal pharmaceuticals and other restricted items into the U.S. ---- Prominent Tech Analyst Dan Ives Is Leaving Wedbush During his eight years at Wedbush, Dan Ives became one of the most familiar faces on Wall Street and took a consistently bullish view on tech. ---- General Mills Aims to Win Back Thrifty Consumers With Protein and Pet Food The maker of Cheerios and Annie's Mac and Cheese plans to focus on introducing new products and marketing after taking on more costs to reduce prices for budget-conscious shoppers. ---- McKinsey Shakes Up Its Board After Scandals Over Past Work With Clients The move creates a separate chair role to strengthen oversight of the elite consulting firm. ---- This Beer CEO Is Thrilled About a Knicks Title and the World Cup Nick Fink, leader of Modelo maker Constellation Brands, discussed the biggest season for brews and how GLP-1s and affordability are reshaping habits. ---- Binance Cuts Off European Users After Regulator Raises Financial-Crime Concerns The EU's markets regulator had privately advised national authorities to block the crypto exchange's application to operate under a new regulatory regime. ---- Pesticide Giant Syngenta Appoints New CEO Syngenta Group chief executive and Illinois farmer Jeff Rowe plans to step down from the company's top job, and he'll be replaced by the operating chief and former head of its China business. ---- Inflexion Sells Avantus to Arcline in $1.1 Billion Deal The private-equity sale underlines a recent surge in appetite for aerospace businesses. ---- CMA CGM to Buy FedEx Supply Chain for $1.4 Billion World's No. 3 container line says the deal will expand its contract-logistics business in the U.S. ---- Paramount Skydance Offers Concessions to EU for Warner Bros Deal The companies offered concessions to the commission to ease competition concerns about the planned $81 billion deal. ---- National Grid to Invest $1.75 Billion in Joulent in U.S. Energy Push National Grid will get a 35% stake in Joulent, which is developing contracted power generation and high-voltage infrastructure for U.S. customers that require substantial amounts of power. ---- Peak Rock Capital Bets on Specialty Drug Boom With Asembia Acquisition Private-equity firm snaps up healthcare services platform as demand for complex, high-cost drugs drives spending to new highs. ---- Nestle's Coffee Boss Eyes Matcha Push EXCLUSIVE: The company's interest in the green, tea-based product comes amid volatility in coffee-bean prices and as it looks to tap younger customers. (END) Dow Jones Newswires July 01, 2026 19:15 ET (23:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc.
Dow Jones Top Company Headlines at 3 AM ET: Anthropic Reaches Deal With Trump Administration to Restore Access to Fable AI Model | Galderma ...
Anthropic Reaches Deal With Trump Administration to Restore Access to Fable AI Model The model has been shut down for 2½ weeks due to security concerns, roiling the artificial-intelligence industry. ---- Galderma Application for Product to Rival Botox Turned Down Again by FDA The skincare specialist said it was acting to address the U.S. Food and Drug Administration comments. ---- Getty Images Plans to End Shutterstock Deal After U.K. Imposes Conditions Getty Images plans to terminate its merger agreement with Shutterstock after a U.K. regulator said the latter company must sell its editorial business in order for the merger to be approved. ---- Alcoa Buys South32 Aluminum Assets in Up to $5.6 Billion Deal Alcoa has agreed to buy South32's bauxite, alumina and aluminum assets across Australia, Brazil and South Africa in a cash-and-stock deal. ---- Nike's Sales Continue to Decline as China Weakness Persists The sneakers and apparel company said the results were in line with its expectations, despite facing what it called an increasingly challenging operating environment. ---- How Western Automakers Are Losing Their Grip on the Chinese Market Local EV rivals have almost entirely elbowed out foreign brands with a faster, more tech-focused approach to building cars. ---- SpaceX and Tesla Shares Are Trading Like Twins SpaceX stock and Tesla shares are doing something surprising: They are rising and falling together. ---- Constellation Brands Says Gas Prices, Uncertainty Weighing on Sales Constellation Brands said higher gas prices and economic uncertainty dampened sales of its alcoholic beverages after a promising start in its most recent quarter. ---- Amazon is laying out $1 billion to follow Palantir's AI playbook Packages aren't the only thing Amazon.com is delivering: The company is now sending engineers directly to clients in order to bolster artificial-intelligence adoption. ---- KKR to Acquire EDF Power Solutions' North American Operations for $4.2 Billion EDF power solutions' North American renewable energy business ranks among the top 10 U.S. renewable capacity owners and operates solar, wind and battery storage assets across the U.S. and Canada. ---- U.S. airline stocks are soaring as cheaper jet fuel and insatiable demand set up a summer boom Delta, United shares fly toward fresh records as the airline sector has rallied in June. ---- Zyn Can Market Itself as Less Harmful Than Cigarettes, FDA Says The federal regulator gave Philip Morris International a win for nicotine pouches. ---- Satellite TV Provider Dish DBS Files for Bankruptcy Following AT&T Deal Snag The EchoStar pay-TV subsidiary said it would repay debt once the $20 billion AT&T spectrum deal closes. (END) Dow Jones Newswires July 01, 2026 03:15 ET (07:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc.
Dow Jones Top Company Headlines at 9 PM ET: Nike's Sales Continue to Decline as China Weakness Persists | Anthropic ...
Nike's Sales Continue to Decline as China Weakness Persists The sneakers and apparel company said the results were in line with its expectations, despite facing what it called an increasingly challenging operating environment. ---- Anthropic Reaches Deal With Trump Administration to Restore Access to Fable AI Model The model has been shut down for 2½ weeks due to security concerns, roiling the AI industry. ---- Getty Images Plans to End Shutterstock Deal After U.K. Imposes Conditions Getty Images plans to terminate its merger agreement with Shutterstock after a U.K. regulator said the latter company must sell its editorial business in order for the merger to be approved. ---- Alcoa Buys South32 Aluminum Assets in Up to $5.6 Billion Deal Alcoa has agreed to buy South32's bauxite, alumina and aluminum operations across Australia, Brazil and South Africa in a cash-and-stock deal valued at up to $5.6 billion. ---- Satellite TV Provider Dish DBS Files for Bankruptcy Following AT&T Deal Snag The EchoStar pay-TV subsidiary said it would repay debt once the $20 billion AT&T spectrum deal closes. ---- Constellation Brands Says Gas Prices, Uncertainty Weighing on Sales Constellation Brands said higher gas prices and economic uncertainty dampened sales of its alcoholic beverages after a promising start in its most recent quarter. ---- KKR to Acquire EDF Power Solutions' North American Operations for $4.2 Billion EDF power solutions' North American renewable energy business ranks among the top 10 U.S. renewable capacity owners and operates solar, wind and battery storage assets across the U.S. and Canada. ---- Ford Recalls More Than 740,000 Vehicles Over Transmission Issue The recall covers certain Navigators, Expeditions, Explorers, Lincoln Aviators and F-150 trucks. ---- Egg Producers Manipulated Market, Keeping Prices High, Say Antitrust Authorities Companies agreed to donate over 50 million eggs to resolve an antitrust investigation focused on a period when prices reached record highs. ---- BP's Deputy CEO to Retire Later in The Year BP said its deputy chief executive, Carol Howle, plans to retire later this year, leaving new boss Meg O'Neill without a key lieutenant at a time when the energy major has been hit by management turmoil. ---- Zyn Can Market Itself as Less Harmful Than Cigarettes, FDA Says The federal regulator gave Philip Morris International a win for nicotine pouches. ---- Private-Equity Firms Sell Care Bears to Authentic Brands Group IVEST Consumer Partners and Cloverlay leaned in to licensing and royalty agreements since buying the toy brand in 2023. ---- Microsoft's Irish Hub Is Profit Powerhouse A country-by-country EU reporting requirement forces companies to offer additional public tax details. ---- Invisalign Maker Faces EU Antitrust Probe The bloc's antitrust enforcer said an investigation would assess whether Align Technology's sales strategy for teeth aligner Invisalign and dental scanners broke competition rules. (END) Dow Jones Newswires June 30, 2026 21:15 ET (01:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc.
Rocket Lab, Lockheed Martin among the partners in SpaceX's military space-laser project
Government documents show a lineup of defense contractors joining SpaceX to create a satellite network to track airborne threats The U.S. government is tapping both of the country's biggest launch providers, Rocket Lab and SpaceX, for its Space-Based Airborne Moving Target Indicator (SB-AMTI) program. Rocket Lab, Lockheed Martin and L3 Harris Technologies are among a group of eight aerospace and defense companies sharing a multibillion-dollar military vendor pool with SpaceX for a new space defense program, government documents show. Last month, Space Systems Command - an organization under the U.S. Space Force - announced that it had awarded SpaceX (SPCX) a $4.16 billion contract for the Space-Based Airborne Moving Target Indicator (SB-AMTI) program. The Space Force, a branch of the U.S. Armed Forces under the Department of the Air Force, had previously indicated that there were a total of nine vendors in the pool. According to government records posted on the federal government's procurement portal managed by the General Services Administration, Rocket Lab (RKLB), York Space Systems (YSS), Visto 360 AI, Wildstar and Systems & Technology Research received contracts valued at $10,000 each under the SB-AMTI initiative. The records were first flagged on social media by space investor Jacob Keeton and a user of the social-media platform X posting under the handle @trypto_tran. Government records also showed that Northrop Grumman (NOC), Lockheed Martin (LMT) and L3 Harris (LHX) received contracts for $6,666 each under the SB-AMTI initiative. All nine SB-AMTI contracts were signed between March 23 and March 25 of this year and run until March 2031. A Space Force spokesperson told MarketWatch that Space Systems Command could neither confirm nor deny the vendor identities due to national-security interests. Representatives for SpaceX, Rocket Lab, Lockheed Martin, Northrop Grumman, L3Harris Technologies, Systems & Technology Research, Wildstar and Visto 360 AI did not immediately respond to requests for comment from MarketWatch. York Space Systems said that it could not confirm or deny any information about the contract posted on the government website. SpaceX's contract shows that the ultimate scope of the SB-AMTI program - which aims to implement a space-based sensing layer to track and target airborne threats - extends far beyond the Pentagon's initial $4.16 billion disclosure. SpaceX secured $2.637 billion in total obligations in March, with the agreement's maximum potential contract value capping at $9.34 billion. The other eight vendors' total obligations of $10,000 and $6,666 are placeholder allocations designed to grant them a position in the vendor pool. Traditionally, the U.S. military has tracked airborne threats, such as missiles and drones, by flying aircraft over areas of interest. However, the rapid proliferation of advanced antiaircraft missiles by foreign adversaries has diminished the effectiveness of this strategy. This SB-AMTI award is projected to deploy a constellation of satellites in low-Earth orbit by 2028 to continuously monitor global airspace and eliminate operational blind spots. Satellites with advanced sensors will sweep through airspace to pick up information that traditional airborne radars can't read, then beam the data through a laser-linked orbital mesh network directly to meet warfighter needs. SpaceX and Rocket Lab are the two biggest launch-services providers in the U.S., and also provide end-to-end satellite manufacturing services. In the May announcement, Space System Command shared that "Space Force anticipates issuing multiple awards in the coming year to drive a vendor-diverse expansion" - a signal that the nine-vendor pool anchored by SpaceX is only the beginning of a larger pipeline. -Christine Ji This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires 06-24-26 1947ET Copyright (c) 2026 Dow Jones & Company, Inc.