Defense
Rocket maker Firefly Aerospace pops more than 50% to open at $70 in Nasdaq debut
Firefly Aerospace rings the opening bell at the Nasdaq on Aug. 7th, 2025. The Nasdaq Firefly Aerospace jumped more than 50% in its Nasdaq debut on Thursday after pricing shares above its expected range. Shares started trading at $70 each under the ticker symbol FLY. The initial price values the company at close to $10 […]
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Firefly Aerospace prices shares at $45, above the expected range
The Blue Ghost Mission Operations Engineer, Jaxon Liebeck, showcases the Blue Ghost moon lander at Firefly Aerospace headquarters on Tuesday, Dec. 3, 2024 in Cedar Park. Houston Chronicle/hearst Newspapers | Hearst Newspapers | Getty Images Firefly Aerospace priced shares in its IPO at $45 on Wednesday, above its expected range. The Texas-based rocket maker will […]
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Axon jumps 16% after TASER maker tops results and boosts outlook on security needs
Rick Smith, CEO of Axon Enterprises. Adam Jeffery | CNBC Axon Enterprise‘s stock popped 16% after the TASER maker surpassed Wall Street’s estimates and boosted its guidance due to robust demand for its security solutions. “Demand for new technology from our customers is accelerating, and it’s outpacing even my most optimistic expectations,” said CEO Rick Smith on an earnings call with analysts. “There’s now one breakout product driving conversations. […]
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Palantir stock pops 8% after blowout quarter driven by AI, efficiency demand
Palantir stock popped more than 8% Tuesday after the software analytics provider lifted its full-year outlook, boosted by the artificial intelligence wave. CEO Alex Karp called the earnings results a “once in a generation, truly anomalous quarter” during an earnings call with analysts. “We’re very proud and we’re sorry that our haters are disappointed, but […]
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Palantir lands $10 billion Army software and data contract
Alex Karp, CEO of Palantir, attending the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 9, 2025. David A. Grogan | CNBC Palantir has inked a contract with the U.S. Army worth up to $10 billion to meet growing warfare demands over the next decade. As part of the […]
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Joby, L3Harris partner on hybrid defense craft that can be piloted or autonomous
A Joby Aviation electric vertical take-off and landing (eVTOL) aircraft during an event at Edwards Air Force Base in Edwards, California, US, on Monday, Sept. 25, 2023. Air taxi start-up Joby Aviation Inc. today announced it has delivered its first eVTOL to the US Air Force. Bloomberg | Bloomberg | Getty Images Joby Aviation and […]
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Hanwha Ocean shares surge over 16% after U.S.-Korea trade deal
Adie Bush | Connect Images | Getty Images Shares of Hanwha Ocean surged as much as 16.06% on Thursday to their highest levels since July 2015, following U.S. President Donald Trump’s announcement of a blanket 15% tariff on Seoul’s exports to the U.S. According to Reuters, Kim Dong-kwan, the vice chairman of the Hanwha Group, […]
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Rare earths are China’s bargaining chip in the trade war — the U.S. is trying to fix that
Rare earths refer to 17 elements on the periodic table whose atomic structure gives them special magnetic properties. They’re also the most important bargaining chip in the U.S. and China trade war. That’s because these rare earth magnets power everything from electric vehicles and wind turbines to defense equipment, data centers and high-tech consumer electronics. […]
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Cadence to plead guilty and pay $140 million to U.S. for China sales
The logo of Cadence Design Systems is pictured outside the company’s offices in San Jose, California, U.S., January 31, 2020. Stephen Nellis | Reuters Cadence Design agreed to plead guilty and pay more than $140 million to resolve U.S. charges for selling its chip design products to a Chinese military university believed to be involved in simulating […]
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Firefly Aerospace sets IPO range that would value rocket maker at $5.5 billion
Firefly Aerospace CEO Jason Kim sits for an interview at the Firefly Aerospace mission operations center in Leander, Texas, on July 9, 2025. Sergio Flores | Reuters Firefly Aerospace will price shares at $35 to $39 each in its upcoming initial public offering, a deal that would value the rocket maker at about $5.5 billion. […]
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