December 9, 2025 02:28 AM GMT SpaceX | North America $800bn Valuation? Data Centers in Space? The WSJ has reported that SpaceX is launching a secondary sale valuing the company at $800bn as CEO Elon Musk maps the company's expansion into orbital data centers. What Happened? According to December 5th reporting from the Wall Street Journal citing CFO Bret Johnsen, SpaceX is launching a secondary share sale that would value the company at $800bn. This would represent a doubling of its previous $400bn valuation ...

Core Insights - AST SpaceMobile's share price has experienced significant fluctuations due to launch delays and SpaceX's spectrum acquisition, but no developments have altered the outlook on the company's prospects [1] Company Analysis - Narweena, an asset manager led by Richard Durant, focuses on identifying market dislocations stemming from a poor understanding of long-term business prospects [1] - The firm aims to achieve excess risk-adjusted returns by targeting businesses with secular growth opportunities in markets characterized by barriers to entry [1] - Narweena's investment strategy emphasizes company and industry fundamentals to uncover unique insights, with a preference for smaller cap stocks and markets lacking obvious competitive advantages [1] Market Trends - An aging population with low growth and stagnating productivity is expected to create a different set of investment opportunities compared to historical trends [1] - Many industries may face stagnation or secular decline, which could paradoxically enhance business performance due to reduced competition [1] - Conversely, some businesses may encounter rising costs and diseconomies of scale, while economies increasingly favor asset-light business models, leading to a decline in infrastructure investment needs [1] - A large pool of capital is pursuing a limited number of investment opportunities, resulting in rising asset prices and compressed risk premia over time [1] Leadership Background - Richard Durant holds undergraduate degrees in engineering and finance from the University of Adelaide and an MBA from Nanyang Technological University, where he was on the Dean's Honors List [1] - He has successfully passed the CFA exams, indicating a strong foundation in financial analysis [1]

SpaceX is planning to go public in mid-to-late 2026 and is looking to raise $30 billion at a valuation of around $1.5 trillion, according to a new report from Bloomberg News citing multiple unidentified sources. That would make it the largest IPO of all time, edging out Saudi Aramco’s public listing in 2019, which brought in $29 billion. It would also be a bit of a reversal for SpaceX, which previously considered spinning off its Starlink division for an IPO, while keeping the main company private. Bloo ...

By Echo Wang, Manya Saini and Juby Babu Dec 10 (Reuters) - Elon Musk's SpaceX is looking to raise more than $25 billion through an initial public offering in 2026, a move that could boost the rocket-maker's valuation to over $1 trillion, a person familiar with ​the matter told Reuters on Tuesday. The company's move towards a public listing, which could rank among the largest global IPOs, has been ‌largely driven by the rapid expansion of its Starlink satellite internet business, including plans for direc ...

LONG BEACH, Calif., Dec. 09, 2025 (GLOBE NEWSWIRE) -- Rocket Lab Corporation (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced it has been awarded funding by the Canadian Space Agency (CSA) to develop a new medium-class reaction wheel, with targeted minimum angular momentum capacity of 25 Nms, designed to support 500kg – 1,000kg satellites with larger payloads operating in low Earth orbit and beyond. Awarded through the CSA’s Space Technolo ...

CHANTILLY, Va., Dec. 08, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN), the systems integrator for the Office of Space Commerce’s (OSC) Traffic Coordination System for Space (TraCSS) program, is proud to announce that this groundbreaking advancement in space traffic coordination has been recognized with the esteemed 2025 SpaceNews Icon Award for Civil Space Achievement. This prestigious accolade underscores Parsons' commitment to advancing safe and efficient operations in an increasingly congested ...

Core Viewpoint - Firefly Aerospace is facing a class action lawsuit due to allegations of misleading statements regarding its business operations and financial performance, with a lead plaintiff deadline set for January 12, 2026 [2][4]. Company Overview - Firefly Aerospace conducted its initial public offering (IPO) on August 7, 2025, selling 19.296 million shares at a price of $45.00 per share [5]. - The company reported a significant loss of $80.3 million, or $5.78 per share, for Q2 2025, which was an increase from a loss of $58.7 million, or $4.60 per share, in the same quarter of 2024 [6]. Financial Performance - Firefly's revenue for Q2 2025 was $15.55 million, falling short of analyst expectations of $17.25 million and representing a 26.2% decrease year-over-year [6]. - The Spacecraft Solutions business segment reported revenue of only $9.2 million, indicating a 49% year-over-year decline [6]. Stock Performance - Following the Q2 earnings report, Firefly's stock price dropped by $7.58, or 15.31%, closing at $41.94 on September 23, 2025 [7]. - After the announcement of a failed rocket test on September 29, 2025, the stock price fell further by $7.66, or 20.73%, closing at $29.30 on September 30, 2025 [9]. Legal Proceedings - The lawsuit alleges that Firefly and its executives violated federal securities laws by making false or misleading statements about the demand for its Spacecraft Solutions and the operational readiness of its Alpha rocket program [4]. - Investors who purchased Firefly securities during the class period from August 7, 2025, to September 29, 2025, are encouraged to discuss their legal rights with the law firm Faruqi & Faruqi [2][10].

Core Viewpoint - The article discusses three growth stocks that have recently underperformed but are expected to improve in the upcoming year due to various catalysts and market recognition of their potential [2]. Group 1: Roblox - Roblox has experienced a 30% decline since its peak in September, primarily due to concerns over slowing growth and profitability, despite a year-over-year revenue growth of 48% [4][6]. - The company has warned of a potential slight decline in operating margin due to increased development expenses and investments in infrastructure and safety [4]. - Analysts maintain a strong buy rating for Roblox, with a consensus price target of $146.28, indicating a potential upside of over 50% from its current price [7]. Group 2: Rocket Lab - Rocket Lab's stock has been volatile, recently declining due to the postponement of the first flight of a new rocket design to early next year, which disappointed investors [8][10]. - The company is positioned to enter the medium-lift segment of the orbital launch market, which is expected to grow at an average annual rate of nearly 15% through 2034 [10]. - Approximately two-thirds of Rocket Lab's revenue comes from technology and communication solutions for satellites, which remains unaffected by the timing of its new rocket launch [11]. Group 3: MercadoLibre - MercadoLibre, often referred to as the Amazon of Latin America, is the market leader in a fragmented e-commerce industry, with significant growth potential driven by increasing broadband and smartphone penetration [12][13]. - The e-commerce industry in South America is projected to grow by 21% year-over-year, doubling in size between 2023 and 2027 [13]. - Despite a nearly 20% decline in stock price since mid-year due to unexpected expenses from a free-shipping promotion, the company reported a 38% increase in commerce revenue on a constant-currency basis [15][16].

SpaceX is preparing to sell insider shares in a transaction that would value Elon Musk’s rocket and satellite maker at as much as $800 billion, people familiar with the matter said, reclaiming the title of the world’s most valuable private company. The details, discussed by SpaceX’s board of directors on Thursday at its Starbase hub in Texas, could change based on interest from insider sellers and buyers or other factors, said some of the people, who asked not to be identified as the information isn’t publi ...

SpaceX is preparing to sell insider shares in a transaction that would value Elon Musk's rocket and satellite maker at a valuation higher than OpenAI's record-setting $500 billion, people familiar with the matter said. Bloomberg's Ed Ludlow reports. ...