Newsletter

Space Stocks

SpaceX Drops 7% After Musk Calls Bombshell AI Phone Report ‘Utterly False’

SpaceX (NASDAQ:SPCX) fell about 7% to around US$158 on Wednesday, 1 July 2026, and the reason was unusual. The stock did not drop on bad news, but on a report the company denied. Elon Musk dismissed a Wall Street Journal story claiming SpaceX had shown investors a secret AI phone, calling it "utterly false." So…

ByUjjwal Maheshwari3 days ago

Rocket Lab Takes On SpaceX: Inside the US$8bn Iridium Deal That Changes Everything

Rocket Lab (NASDAQ:RKLB) just made the biggest bet of its life. The company announced it will buy satellite communications operator Iridium (NASDAQ:IRDM) for around US$8 billion, and investors loved it: RKLB jumped almost 16% when the deal broke, then climbed further to around US$102. So why is this deal such a big deal, and can…

ByUjjwal Maheshwari3 days ago

ASX Stocks to Buy in FY27: Here Are Our Top 10 To Watch!

Today is the first day of the new financial year, and we think plenty of investors are wondering which ASX Stocks to Buy in FY27. Stocks Down Under recaps 10 stocks that it thinks is set for a good 12 months ahead. 10 ASX Stocks to Buy in FY27 Goodman Group (ASX:GMG) Goodman enters FY27 with…

ByNick Sundich4 days ago

SpaceX Joins the Nasdaq 100: How ASX Investors Can Get Exposure, and Should They?

SpaceX (NASDAQ:SPCX) will join the Nasdaq 100 on 7 July, and the headlines are everywhere. When it enters, funds that track the index must buy its shares, with J.P. Morgan estimating around US$4.3 billion of forced buying. For Australian investors, the real question is not the hype but how to get exposure and whether it…

ByUjjwal MaheshwariJune 29, 2026

SpaceX Falls 18% From Its Peak: Is the IPO Hype Already Over?

KEY POINTS SpaceX (NASDAQ:SPCX) has dropped about 18% from its 16 June high of US$225.64 to US$185 at its latest close, just days after the biggest IPO ever. The fall looks like normal profit-taking, not a problem with the business. There is no simple ASX version of SpaceX, so most local exposure…

ByUjjwal MaheshwariJune 20, 2026

Only 4% of SpaceX Is Trading. That Is Why the Stock Soared, and Why It Could Fall

KEY POINTS Only about 4% of SpaceX shares are actually available to trade. The other 96% are locked up. That tiny float is the main reason the stock is up more than 40% from its US$135 float price in just days. Index funds will soon be forced to buy SpaceX from an…

ByUjjwal MaheshwariJune 18, 2026

SpaceX IPO Lifts Space Stocks- Is Rocket Lab the Biggest Winner?

KEY POINTS SpaceX just had the biggest IPO ever, and it has pulled attention back to space stocks. Rocket Lab (NASDAQ: RKLB) is the clearest space company most investors can actually buy, and it joins the Nasdaq-100 on 22 June. It is a real business with growing sales and a…

ByUjjwal MaheshwariJune 15, 2026