Lockheed Martin Corp
Firefly Aerospace stock tanks 24% after test rocket explosion
A model of the Firefly Aerospace Blue Ghost lander during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, Aug. 7, 2025. Michael Nagle | Bloomberg | Getty Images Firefly Aerospace shares sank more than 24% after its rocket exploded during a test flight on Monday. The explosion occurred […]
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Trump Pentagon is ‘thinking’ about taking equity stakes in defense contractors, says Lutnick
Trump administration military leaders are “thinking about” whether the U.S. should acquire equity stakes in top defense contractors such as Lockheed Martin, Commerce Secretary Howard Lutnick said Tuesday. The Cabinet secretary, in an interview on CNBC’s “Squawk Box,” revealed the government’s interest in taking those stakes days after the U.S. government acquired 10% of Intel […]
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How the U.S. space industry became dependent on SpaceX
SpaceX is valued at around $400 billion and is critical for U.S. space access, but it wasn’t always the powerhouse that it is today. Elon Musk founded SpaceX in 2002. Using money that he made from the sale of PayPal, Musk and his new company developed their first rocket, the Falcon 1, to challenge existing […]
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Warren Buffett’s secret stock could be revealed imminently. What it could be
Warren Buffett’s Berkshire Hathaway has been building a secret stock position with special confidential treatment for two quarters in a row. The mystery name could be revealed Thursday when the conglomerate releases its 13F filing. Berkshire’s second-quarter earnings report showed a $2.8 billion increase in cost basis to “commercial, industrial and other” equities, after a […]
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Spain treads a risky path by standing up to Trump on defense and China
The President of the Government, Pedro Sanchez, gives a press conference, after a meeting with King Felipe VI, at the Marivent Palace, on 29 July, 2025 in Palma de Mallorca, Balearic Islands, Spain. Europa Press News | Europa Press | Getty Images Spain’s somewhat unique approach to defense and foreign policy is fueling tensions with […]
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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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Firefly Aerospace lifts IPO range that would value company at more than $6 billion
Firefly Aerospace CEO Jason Kim sits for an interview at the Firefly Aerospace mission operations center in Leander, Texas, U.S., July 9, 2025. Sergio Flores | Reuters Firefly Aerospace has lifted the share price range for its upcoming initial public offering in a move that would value the space technology company at more than $6 […]
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Why the U.S.-EU trade agreement is unlikely to derail Europe’s defense boom
Europe’s defense stocks wobbled at the start of the week, as investors pored over the details — still lacking in some areas — of the framework trade agreement struck by the U.S. and European Union on Sunday. An initial concern was that a commitment by the EU to increase its purchases of U.S. goods, in […]
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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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Stocks making big premarket moves: Cheniere Energy, Nike, Kratos, ASML and more
Check out the companies making the biggest moves in premarket trading: Energy stocks — Many companies jumped after the European Union agreed to buy $750 billion worth of U.S. energy as part of a trade deal. Shares of Venture Global climbed 6%, New Fortress Energy rose 5%, Cheniere Energy and NextDecade rallied nearly 4%, Eaton […]
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