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SpaceX aims to raise $75 billion in its IPO by selling 555.6 million shares at a target price of $135 per share, Reuters reports https://t.co/0mWOFFGjfw
$ASTS June 02, 2026: Marvell CEO calls connectivity the next AI bottleneck, as Nvidia's CEO proclaims Marvell the "next trillion dollar company"
"The bottleneck is shifting again; now it's connectivity that has redefined the limits of the infrastructure."
https://t.co/wWrOJEsli1
$MRVL
Blue Origin CEO just said,“We will fly again before the end of this year.”
LC-36’s long-lead infrastructure is intact, the support tower is repairable and Blue Origin will move straight to a new vertical launch setup.
In my opinion this Space Basket selloff is most likely due to hedge funds or traders trying to cash out high before the SpaceX IPO.
Nothing about this drop changes the thesis for $ASTS.
Almost the most $ASTS stock thing ever.
- Run from $63 to $133 flawlessly.
- Momentum carrying the stock everyday
- “Space is the next frontier”
*Blue Origin Mishap
- stock falls 25%+ in 2 days
- no one wants to hold a single space stock
What a roller coaster 😆