Eoneren/E+ via Getty Images Space offers major opportunities for investors. However, it should be noted that despite there being demand for space-based assets, monetizing space is a major undertaking. One company that is higher risk but could offer opportunities for investors who have some risk appetite is Sidus Space, Inc. ( SIDU ). However, at this price, I do believe the company is a sell rathe...
Eoneren/E+ via Getty Images Space offers major opportunities for investors. However, it should be noted that despite there being demand for space-based assets, monetizing space is a major undertaking. One company that is higher risk but could offer opportunities for investors who have some risk appetite is Sidus Space, Inc. ( SIDU ). However, at this price, I do believe the company is a sell rather than a buy. Sidus Space Pivoted From Engineering Contractor To Space-Data-As-A-Service Sidus Space was formed in 2012 as Craig Technologies Aerospace Solutions. At the time, the company’s main revenue streams came from engineering services and manufacturing support. Over time, the company’s focus shifted from engineering and manufacturing contracts to space-as-a-service, and with that focus, the company also rebranded to Sidus Space and became a publicly listed entity in 2021 . However, the revenue model had not changed substantially for the simple reason that it can take years to refocus a business completely. In 2022-2023, the company started working on the development of LizzieSat. LizzieSat (Sidus Space) LizzieSat was launched as a flexible satellite platform with hosted payload capability and rapid satellite deployment. At the time, LizzieSat was still mainly put in the market as a “we operate satellites for customers” story. In 2023-2024, that started changing when management realized there was a major monetization opportunity for data and also positioned itself more as a space-data-as-a-service company. This would appeal to customers looking in the intelligence and asset observation markets and provide the company with recurring revenues, which may be more appealing to customers. The LizzieSat constellation is envisioned to be a constellation consisting of 100 satellites. The company is also working on in-space data processing using AI. One way to look at Sidus Space today is as a company that builds satellites leaning on its engineering and manufacturing expertise...
Iran's military has ceased strikes against Israel, the Ministry of Foreign Affairs told CNBC on Monday. But Tehran warned it would resume hostilities if Jerusalem continues operations in Lebanon. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Iran's military has ceased strikes against Israel, the Ministry of Foreign Affairs told CNBC on Monday. But Tehran warned it would resume hostilities if Jerusalem continues operations in Lebanon. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
President Donald Trump ’s administration urged NATO allies to channel defense spending toward efforts to replace components from China’s Huawei Technologies Co. in their networks and critical infrastructure, according to people familiar with the matter. The US government has long considered Huawei and other Chinese vendors a national security risk and excluded them from American networks. Trump of...
President Donald Trump ’s administration urged NATO allies to channel defense spending toward efforts to replace components from China’s Huawei Technologies Co. in their networks and critical infrastructure, according to people familiar with the matter. The US government has long considered Huawei and other Chinese vendors a national security risk and excluded them from American networks. Trump officials are calling on NATO allies to follow suit. The US State Department’s China coordinator, Joshua Young, told officials in Brussels last month that they should use defense-related funding as part of the North Atlantic Treaty Organization’s spending benchmark to rip out Huawei gear and replace it with other vendors’ products, the people said on condition of anonymity as the talks took place behind closed doors. Young didn’t refer to specific allies, but the remarks were in reference to Germany, one of the people said. The comments by a lower-ranking diplomat didn’t elicit an immediate response from allies, who have noted often contradictory moves from officials in the US administration, according to another person familiar with the meeting. The State Department declined to comment. Almost all NATO allies agreed last year to raise spending on core defense needs to 3.5% of gross domestic product, with another 1.5% allotted to defense-related spending, to meet a Trump demand that allies take a larger share of the alliance’s expenditure by investing 5% of economic output in their militaries. Germany and Spain are leading opposition to plans by the European Commission to ban Chinese suppliers from telecommunications networks as part of a plan to push for stronger oversight through a revision of the bloc’s Cybersecurity Act, Bloomberg News reported last month . Officials in Berlin and Madrid want to maintain state-level control and have expressed concerns that banning products from Huawei and other Chinese suppliers at the EU level risks retaliation from Beijing, people famil...
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. The Hong Kong Observatory issued a red rainstorm warning on Monday evening and forecast heavy rain for the next 24 hours. The forecaster first issued an amber warning – the lowest level in a three-tier system – at 7.20pm before upgrading it to red 30 minutes la...
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. The Hong Kong Observatory issued a red rainstorm warning on Monday evening and forecast heavy rain for the next 24 hours. The forecaster first issued an amber warning – the lowest level in a three-tier system – at 7.20pm before upgrading it to red 30 minutes later. Earlier, at 5pm, it warned that rainfall could reach around 100mm (four inches) in 24 hours as...
HSBC's Georges Elhedery said the GCC has emerged from recent turmoil. He also told Francine Lacqua that ‘Human Judgment’ Is Vital as AI gathers pace. (Source: Bloomberg)
HSBC's Georges Elhedery said the GCC has emerged from recent turmoil. He also told Francine Lacqua that ‘Human Judgment’ Is Vital as AI gathers pace. (Source: Bloomberg)
Software is eating the world, and virtually no business is left untouched by it. Companies bringing it to life have been rewarded with high valuation multiples that make fundraising easier, but they have weighed on returns lately as the industry has pulled back by 8.5% over the past six months. This drop is a far cry from the S&P 500’s 10.7% ascent.
Software is eating the world, and virtually no business is left untouched by it. Companies bringing it to life have been rewarded with high valuation multiples that make fundraising easier, but they have weighed on returns lately as the industry has pulled back by 8.5% over the past six months. This drop is a far cry from the S&P 500’s 10.7% ascent.
KUALA LUMPUR, Malaysia, June 08, 2026 (GLOBE NEWSWIRE) -- On May 12, 2026, the Science x AI Summit 2026 was successfully held in Silicon Valley. The summit attracted the world's leading technology companies and research institutions, focusing on the next stage of artificial intelligence development. Tan Thian Ong, founder of Thian Ong Financial Academy, attended the summit and engaged in strategic...
KUALA LUMPUR, Malaysia, June 08, 2026 (GLOBE NEWSWIRE) -- On May 12, 2026, the Science x AI Summit 2026 was successfully held in Silicon Valley. The summit attracted the world's leading technology companies and research institutions, focusing on the next stage of artificial intelligence development. Tan Thian Ong, founder of Thian Ong Financial Academy, attended the summit and engaged in strategic cooperation exchanges with several technology giants. During the summit, Tan Thian Ong held in-dept
Marvell Technology shares climbed more than 7% in premarket trading on Monday after the chipmaker was set to join the benchmark S&P 500 at the end of June, in the latest boost to a stock that has surged recently. Its shares have gained about 59% since May 27 after the company forecast its custom-chip business would surpass $10 billion in revenue in fiscal 2029 and Nvidia CEO Jensen Huang called...
Marvell Technology shares climbed more than 7% in premarket trading on Monday after the chipmaker was set to join the benchmark S&P 500 at the end of June, in the latest boost to a stock that has surged recently. Its shares have gained about 59% since May 27 after the company forecast its custom-chip business would surpass $10 billion in revenue in fiscal 2029 and Nvidia CEO Jensen Huang called Marvell the next "trillion-dollar company." The stock dropped 16.7% in regular trading on Friday amid a broader selloff that wiped out $1.3 trillion in market value for the chip sector.
S&P 500 Index futures are up 0.6% at 7:49 a.m. in New York, signaling a modest rebound for stocks after Friday’s slide. Nasdaq 100 futures rise 1.2% Dow Jones Industrial Average futures are up 0.3% The MSCI World Index is down 0.2% Here are some of the biggest US movers before the bell: Magnificent Seven stocks: Nvidia (NVDA) +2%, Tesla (TSLA) +1.6%, Meta Platforms (META) +0.7%, Amazon (AMZN) +1%,...
S&P 500 Index futures are up 0.6% at 7:49 a.m. in New York, signaling a modest rebound for stocks after Friday’s slide. Nasdaq 100 futures rise 1.2% Dow Jones Industrial Average futures are up 0.3% The MSCI World Index is down 0.2% Here are some of the biggest US movers before the bell: Magnificent Seven stocks: Nvidia (NVDA) +2%, Tesla (TSLA) +1.6%, Meta Platforms (META) +0.7%, Amazon (AMZN) +1%, Apple (AAPL) +0.5%, Microsoft (MSFT) -0.07%, Alphabet (GOOGL) -0.4% Energy stocks and fertilizer stocks are rising, while travel stocks are falling, as a fresh flare-up in Iran-Israel hostilities threatened the Middle East ceasefire and lifted oil prices. Campbell’s (CPB) rises 1% after the food company reported adjusted earnings per share for the third quarter that beat the average analyst estimate. Eli Lilly (LLY) gains 1.6% following obesity drug presentations at the American Diabetes Association conference. Ingredion Inc. (INGR) slips about 1% after agreeing to buy Tate & Lyle Plc for $3.6 billion, in a move that marks the end of the UK company’s near-century on the London Stock Exchange. Nurix Therapeutics (NRIX) is up 25% after Roche agreed to pay the clinical-stage biopharmaceutical company as much as $2.3 billion for rights to an experimental blood-cancer drug. Marvell (MRVL) climbs 9% and Flex (FLEX) rises 4% as the companies are set to replace Pool Corp. and Campbell’s in the S&P 500 before the market open on June 22. Wix.com (WIX) falls 15% after the web-platform said it expects an approximately $50m reduction in bookings in 2026 as a result of a new organizational realignment program as well as a more pronounced slowdown in the growth of its Partners business, beyond previous expectations.
"Quality" stocks may be better able to withstand market turbulence thanks to stable earnings, strong balance sheets, and more; these ETFs aim to find them.
"Quality" stocks may be better able to withstand market turbulence thanks to stable earnings, strong balance sheets, and more; these ETFs aim to find them.
keni1/iStock via Getty Images Alliance Resource Partners ( ARLP ) up 1.5% pre-market Monday after saying it agreed to acquire general partner and limited partner interests in AllDale Minerals III and AllDale Minerals IV for $206.2M. AllDale III and IV hold ~48.5K net royalty acres across premier basins and resource plays including the Permian, Anadarko, Bakken, and Haynesville; Q1 production total...
keni1/iStock via Getty Images Alliance Resource Partners ( ARLP ) up 1.5% pre-market Monday after saying it agreed to acquire general partner and limited partner interests in AllDale Minerals III and AllDale Minerals IV for $206.2M. AllDale III and IV hold ~48.5K net royalty acres across premier basins and resource plays including the Permian, Anadarko, Bakken, and Haynesville; Q1 production totaled 5,940 boe/day in total and 3,665 boe/day net to Alliance Resource's ( ARLP ) economic interests, consisting of 27% oil, 18% natural gas liquids, and 55% natural gas. Upon closing, Alliance Resources' ( ARLP ) aggregate economic interest across AllDale III and IV is expected to increase from ~5% to 61%, owning 100% of the general partner interests of AllDale III and IV. Alliance Resources ( ARLP ) said the acquisition meaningfully enhances its northern Delaware, Anadarko, and Bakken positions, increasing trailing 12-month new wells placed on production by 59%, 78%, and 91%, respectively, and provides entry into the Haynesville, a key natural gas resource play supporting LNG export demand. Upon closing the transaction, Alliance Resources ( ARLP ) said it expects to have control of 115,860 net royalty acres, with 44,770 NRAs in the Permian, at Q1 production of 17,295 boe/day in total and 14,285 boe/day net to its economic interests. More on Alliance Resource Partners Alliance Resource Partners: High-Yield Is Covered, Cheap, And Getting Safer Alliance Resource Partners: Investing In Coal And More Isn't Dead Alliance Resource Partners: A Coal Giant Pivoting To AI, Bitcoin, And Electrification
(RTTNews) - Monday, Ciena Corporation (CIEN) announced its plan to offer $2.0 billion aggregate principal amount of convertible senior notes due 2031 in a private offering.
(RTTNews) - Monday, Ciena Corporation (CIEN) announced its plan to offer $2.0 billion aggregate principal amount of convertible senior notes due 2031 in a private offering.
The SpaceX IPO is so close that the excitement is almost palpable. Where some Elon Musk fanatics have been telling themselves they’re getting in on the first day at any cost, others see the potential for pain, not just with the buyers at the wrong price at the wrong time, but perhaps for the rest ... Inside the Mouth-Watering Numbers Justifying SpaceX’s $1.75 Trillion IPO
The SpaceX IPO is so close that the excitement is almost palpable. Where some Elon Musk fanatics have been telling themselves they’re getting in on the first day at any cost, others see the potential for pain, not just with the buyers at the wrong price at the wrong time, but perhaps for the rest ... Inside the Mouth-Watering Numbers Justifying SpaceX’s $1.75 Trillion IPO