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☆ Stocks making the biggest moves midday: Coinbase, Roku, Nike, Super Micro Computer and more
▼ + stars: | 2024-02-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Coinbase Global — Shares surged nearly 16% after the cryptocurrency exchange reported its first profit in two years. Roku — The streaming service provider slid 24% after posting a larger-than-expected loss for the fourth quarter. Dropbox — Shares shed 20% after the cloud storage company issued lower-than-expected first-quarter revenue guidance. Dropbox now forecasts revenue in the range of $627 million to $630 million, versus the $632.5 million expected from analysts polled by FactSet. Super Micro Computer — The information technology company shed 11.6% after Wells Fargo initiated coverage of the stock with an equal weight rating.

Persons: Coinbase's, Yelp, FactSet, Toast, DoorDash, Wells, Carvana, Raymond James, —, Samantha Subin, Sarah Min, Alex Harring, Pia Singh Organizations: LSEG, Revenue, Nike —, Oppenheimer, FactSet, Bloom Energy, Nvidia —, Loop Locations: Carvana's

☆ Investing in Space: How bankers read a potential sale of rocket builder ULA
▼ + stars: | 2024-02-08 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +5 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. It's been widely reported over the last year that ULA parent companies Boeing and Lockheed Martin are considering offloading the rocket business. That's despite the successful debut of ULA's Vulcan rocket in early January, which I assumed would galvanize a sale. In the meantime, I've been curious to understand how ULA's sale is likely to play out. Boeing and Lockheed Martin are, and have been, looking to sell the rocket business for some time.

Persons: CNBC's Michael Sheetz, It's, Lockheed Martin, ULA, Tory Bruno, Jeff Bezos, hasn't, I've, it's Organizations: Boeing, Lockheed, Origin, Textron, SpaceX, U.S ., Glenn, Vulcan Locations: ULA

☆ Investing in Space: Sector led Lockheed and Northrop growth last year
▼ + stars: | 2024-01-25 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. But, when Lockheed Martin and Northrop Grumman both reported 2023 results this week, it was a different story. For both companies, space was the top segment for sales growth in 2023 — by a wide margin. You'd think with such strong results, space would be a highlight of quarterly earnings calls. But for both Lockheed and Northrop, executives and analysts still only mentioned space in passing.

Persons: CNBC's Michael Sheetz, Lockheed Martin, Northrop Grumman, Northrop, Morgan Brennan, Jay Malave, It's, it's, We've Organizations: Lockheed, Northrop, Vulcan, Boeing Locations: ULA

☆ ULA targets Christmas Eve for inaugural Vulcan rocket launch, CEO says
▼ + stars: | 2023-10-24 | by ( Simona Riccardi | In Sriccardi | ) www.cnbc.com time to read: +2 min

United Launch Alliance plans to launch the inaugural flight of its Vulcan rocket on Christmas Eve, CEO Tory Bruno told CNBC's Morgan Brennan on Tuesday. The Vulcan rocket for the Cert-1 mission stands at SLC-41 during testing in Cape Canaveral, Florida, on May 12, 2023. ULA's path to the first Vulcan launch faced several delays earlier this year, including the explosion of an engine during testing by its supplier Blue Origin, previously reported by CNBC. Following the incident, Bruno told CNBC in a "Manifest Space" podcast interview that the company still planned to fly its heavy-lift rocket by late 2023. The company added a massive contract to launch Amazon's Kuiper satellites to its previously government-heavy backlog for Vulcan.

Persons: ULA, Lockheed Martin —, Bruno, Tory Bruno, CNBC's Morgan Brennan, Vulcan's, ramping, — CNBC's Morgan Brennan, Michael Sheetz Organizations: Boeing, Lockheed, CNBC Technology, Summit, United Launch Alliance, Vulcan, Cert, SLC, CNBC Locations: Cape Canaveral , Florida

☆ Amazon launches first internet satellite prototypes
▼ + stars: | 2023-10-06 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

Even ULA's details about the launch are limited, with the info provided comparable to when the rocket company flies classified spy satellites for the U.S. government. watch nowLast year, Amazon announced the biggest corporate rocket deal in the industry's history to launch Kuiper satellites, signing launch contracts with ULA, Arianespace, and Jeff Bezos' Blue Origin. As part of that deal, Amazon expects to pay about $7.4 billion for Kuiper launches over the next five years. Amazon is playing catch up to SpaceX, which has grown its Starlink satellite internet service to more than 2 million customers. This year Amazon revealed a trio of satellite antennas that it plans to sell to Kuiper customers.

Persons: Paul Hennessey, Jeff Bezos, Elon Musk Organizations: Alliance, V, Cape Canaveral Space Force, Anadolu Agency, Getty, United, U.S ., Amazon, Kuiper, SpaceX, Elon, Seattle – Locations: Cape Canaveral , Florida, United States, Florida, ULA, Seattle, Washington, Redmond, Kirkland, San Diego, Austin , Texas , New York City

The Vulcan rocket for the Cert-1 mission stands at SLC-41 during testing in Cape Canaveral, Florida, May 12, 2023. United Launch Alliance still plans to fly its heavy-lift Vulcan rocket by late 2023 — despite suffering a mishap earlier this year after an engine exploded during testing. CNBC previously reported that one of Blue Origin's BE-4 engines, ordered for ULA's second Vulcan rocket launch, detonated last month. United Launch Alliance, the joint venture of Lockheed Martin and Boeing , is one of two key launch partners for the satellite project, in addition to Jeff Bezos-backed Blue Origin. Once United Launch Alliance successfully conducts its first two Vulcan missions, the U.S. Space Force will consider clearing the heavy rocket for national security launches.

Persons: —, Origin's, ULA, Tory Bruno, Bruno, Lockheed Martin, Jeff Bezos, Morgan Brennan, Vulcan Organizations: Cert, SLC, United Launch Alliance, CNBC, Vulcan, Kennedy Space Center, Lockheed, Boeing, U.S . Space Force, SpaceX, National Reconnaissance Organization, Space Force Locations: Cape Canaveral , Florida, U.S, ULA, China

☆ Mexico set to offer Vulcan $390 million to buy land to settle spat
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, July 27 (Reuters) - Mexico plans to offer 6.5 billion pesos ($390 million) to U.S. construction company Vulcan Materials for land it holds in the southeast of the country, President Andres Manuel Lopez Obrador said on Thursday, in a bid to resolve an ongoing dispute. Since then, Vulcan has been unable to export its production and is demanding over $1.5 billion in compensation from the ICSID. "We did an appraisal (...) and it has a value of around 6,500 million Mexican pesos ($386.99 million)," he added, noting the intention to buy all the company's 2,400 hectares (5,930.5 acres) in the area. Lopez Obrador previously proposed the company convert its operation, in the Caribbean state of Quintana Roo, into a tourist development with a port for cruise ships. ($1 = 16.7677 Mexican pesos)Reporting by Diego Ore; Writing by Isabel Woodford; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Andres Manuel Lopez Obrador, Vulcan, Esteban Moctezuma, Lopez Obrador, Quintana Roo, Diego Ore, Isabel Woodford, Richard Chang Organizations: MEXICO CITY, Vulcan, Thomson Locations: MEXICO, Mexico, U.S, Caribbean, Quintana, United States

☆ Investing in Space: Why Blue Origin's engine explosion matters
▼ + stars: | 2023-07-13 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Let's get into that, especially in light of the recently unveiled explosion of a BE-4 rocket engine during Blue Origin's testing in Texas. The engine was bound for the second launch of its customer United Launch Alliance's Vulcan rocket. It's worth understanding the three main phases of rocket engine testing: Development, qualification and acceptance. I don't report on every rocket engine that blows up.

Persons: CNBC's Michael Sheetz, Let's, ULA, Tory Bruno, Bruno, Vulcan, ULA's, it's Organizations: Cert, U.S . Space Force, SpaceX, Space Force, Vulcan Locations: Texas, U.S

☆ Jeff Bezos’ Blue Origin rocket engine explodes during testing
▼ + stars: | 2023-07-11 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

A test of a BE-4 engine at Blue Origin's Launch Site One facility in West Texas, Aug. 2, 2019. A Blue Origin rocket engine exploded during testing last month, CNBC has learned, a destructive setback with potential ramifications for the company's customers as well as its own rocket. "No personnel were injured, and we are currently assessing root cause," Blue Origin said, adding that "we already have proximate cause and are working on remedial actions." Blue Origin also said it will be able to "continue testing" engines in West Texas. "We will be able to meet our engine delivery commitments this year and stay ahead of our customer's launch needs," Blue Origin added.

Persons: Jeff Bezos, ULA, Lockheed Martin Organizations: CNBC, United, Alliance, Vulcan, Boeing, Lockheed, Elon, SpaceX Locations: West Texas, ULA

☆ British bombers pulled off a raid on the other side of the planet in the UK's first major conflict since World War II
▼ + stars: | 2023-06-25 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +10 min

So the British air force devised an ambitious but complex plan for long-range bomber raids. A daring planBritish troops surrender to Argentine forces in Port Stanley in April 1982. Logistical issuesAn RAF Vulcan bomber at Wideawake airfield on Ascension Island. The military airstrip at Port Stanley after a British air raid in May 1982. AftermathRoyal Marines with the Falkland Islands flag in Port Stanley after the Argentine surrender in June 1982.

Persons: —, Rafael WOLLMANN, Sir Michael Beetham, Beetham, Black Buck, Port Stanley, Victor, Martel, Buck, Vulcan, Eduardo Farre, Buck Six, Black Buck Seven, Steve Buckley, Japan's Organizations: Falklands, British, Service, British Royal Air Force, South Atlantic, Getty, RAF, Argentine, Port Stanley, Avro Vulcans, Handley, Avro Vulcan, Royal Air Force, Vulcans, Atlantic, US, Port, Ascension, Argentina's TPS, Vulcan, Harriers, TPS, REUTERS, Royal, Royal Navy Locations: Argentina, South, Falkland, Buenos Aires, British, Argentine, Port Stanley, Port, Ascension, Brazil, Rio de Janeiro, Iraq, Balkans, Afghanistan

☆ This construction stock could gain more than 20% as inflation pressures recede, Goldman Sachs says
▼ + stars: | 2023-04-03 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Vulcan Materials shares should see a better year as inflation cools, according to Goldman Sachs. Analyst Jerry Revich upgraded the construction stock to buy from neutral. And unit profitability, which he said is a key stock price driver, should accelerate as inflation stabilizes but prices remain elevated. While private construction spending is tied to the U.S. banking sector, he said aggregate volumes are down around 10% compared with the same period a year ago. And public construction spending should be strong, he said, as pent up demand from Covid years turn to contracts, he said.

☆ US firm says Mexican authorities illegally seized its port terminal
▼ + stars: | 2023-03-20 | by ( Sarah Morland | ) www.reuters.com time to read: +3 min

[1/2] A sign reading "Closure" hangs on a fence at the entrance of the limestone mining by Vulcan Materials in Calica, in Quintana Roo state, Mexico May 6, 2022. Mexico's government on Friday ordered a halt to Vulcan Materials, a producer of gravel and crushed stone, citing environmental concerns and provoking the U.S.-based firm to say it will take legal action to restart operations in Playa del Carmen. REUTERS/Paola ChiomanteMEXICO CITY, March 20 (Reuters) - U.S. construction materials company Vulcan Materials (VMC.N) said on Monday Mexican security forces illegally took possession last week of its port terminal in southern Mexico, amid an extended lawsuit over its nearby limestone mining activities. It follows a 5-year fight with the Mexican government over Vulcan's concessions punctuated by sharp criticism from the country's president last year. Vulcan declined to say how last week's action was illegal or who is currently in control of its terminal.

☆ Amazon changes rockets for launch of prototype Kuiper internet satellites, pushing mission to 2023
▼ + stars: | 2022-10-12 | by ( Michael Sheetz | ) www.cnbc.com time to read: +1 min

From left: Artist renderings of the launches of an RS1 rocket and a Vulcan rocket. Amazon is swapping rides for the first prototype satellites for its Project Kuiper internet network, the company announced on Wednesday, a move that delays launching the pair of spacecraft to early next year. Instead, the Amazon satellites will hitch a ride on the first launch of ULA's Vulcan, which is planned for the first quarter. Amazon isn't ditching ABL entirely, however, saying it plans to retain two launches with the rocket company for future missions. He also emphasized that ABL has a backlog of missions from customers including the U.S. Space Force and Lockheed Martin.

☆ United Launch Alliance's debut Vulcan mission slips to 2023 -CEO
▼ + stars: | 2022-10-10 | by ( Joey Roulette | ) www.reuters.com time to read: +2 min

WASHINGTON, Oct 10 (Reuters) - United Launch Alliance has pushed the debut launch of its new Vulcan rocket to early 2023 at the request of one of its customers, the company's chief executive said, further delaying a benchmark mission crucial to the Boeing-Lockheed joint venture's launch business. Vulcan, a roughly 200 foot-tall rocket in the final stages of development, will be the centerpiece to ULA's launch business. Vulcan, priced at roughly $110 million per launch, already has some 80 contracted missions lined up. It will compete with SpaceX's Falcon 9, priced roughly $62 million per launch, and Blue Origin's forthcoming New Glenn rocket, which uses the same engines as Vulcan. If Astrobotic's lander is delayed beyond Q1 2023, ULA would replace it with a pickup truck-sized dummy payload in order to meet the narrowing window of time to demonstrate Vulcan for the Space Force.

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