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☆ Space stocks saw big gains this week in part due to 'Trump-Elon trade' rally, analysts say
▼ + stars: | 2024-11-15 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

This past week saw several pure-play space stocks rally, with leaders up as much as 20% or more, in part driven by what sector analysts said is a "Trump-Elon trade," a nod to the relationship between President-elect Donald Trump and SpaceX CEO Elon Musk. Just this week saw Rocket Lab up 41%, Intuitive Machines up 28%, Spire Global up 26%, Planet Labs up 16%, Redwire up 15% and AST SpaceMobile up 10%. But there's a broader market sentiment that's driving these stocks too, said Cantor Fitzgerald analyst Andres Sheppard, who has buy ratings on Rocket Lab, Redwire and Intuitive Machines. "I think there's definitely a risk-on, post-Trump-win rally that's being reflected in this industry," Sheppard told CNBC. Back out even further to take a year-to-date perspective, and this week's top-performing space stocks have broken out of a post-SPAC malaise to triple or even quadruple in 2024.

Persons: Donald Trump, Elon Musk, Andrew Chanin, Cantor Fitzgerald, Andres Sheppard, Sheppard, inbounds, We're Organizations: Trump, Elon, SpaceX, CNBC, Planet Labs Locations: U.S

☆ Cramer's Lightning Round: 'Do not sell Cracker Barrel'
▼ + stars: | 2024-09-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Cracker Barrel's year-to-date stock performance. Stock Chart Icon Stock chart icon Redwire's year-to-date stock performance. Stock Chart Icon Stock chart icon Cava's year-to-date stock performance. Stock Chart Icon Stock chart icon Nextracker's year-to-date stock performance. Stock Chart Icon Stock chart icon HSBC's year-to-date stock performance.

Persons: Julie Masino, I've, Jim Cramer's Organizations: BellRing, HSBC Locations: Cava

☆ Lightning Round: Sharkninja executes 'like you wouldn't believe', says Jim Cramer
▼ + stars: | 2024-09-30 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Sharkninja executes 'like you wouldn't believe', says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Cracker Barrel, Bellring Brands, Redwire, CAVA, Nextracker, and Sharkninja.

Persons: Sharkninja, Jim Cramer Organizations: Brands, Redwire Locations: CAVA, Nextracker

☆ Investing in Space: Pentagon's satellite constellation awards near $10 billion
▼ + stars: | 2024-01-18 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +11 min

Now we're pushing $10 billion in awards, to build more than 400 satellites, with seven companies in the mix. York Space has been tapped to make more satellites than anyone but Northrop Grumman, to the tune of $1.3 billion. – The Wall Street Journal / Deere Hyperspectral satellite imagery company Pixxel opens Bengaluru facility, a 30,000-square-foot facility in India for satellite manufacturing. – KeyBancBoldly goingKurt Vogel named as NASA associate administrator for the agency's space technology directorate, effective immediately, previously having been the director of space architectures at the agency. – NASAfor the agency's space technology directorate, effective immediately, previously having been the director of space architectures at the agency.

Persons: Yasin Ozturk, CNBC's Michael Sheetz, – Northrop, Lockheed Martin, L3Harris, Northrop Grumman, you've, Momentus, John Plumb, –, Artemis, – SpacePolicyOnline, Tom Mueller's, Redwire, KeyBanc, Kurt Vogel, Chiara Pedersoli, Marco Fuchs, – OHB, – OHB Frank Di Pentino Organizations: SpaceX, . Space Force, Cape Canaveral Space Force, Anadolu Agency, Getty, Space Force, Space Development Agency, – Northrop Grumman, Lockheed, York, Space, Lab, Sierra Space, CNBC, CNBC NASA, Boeing, NASA, NASA ESA, Science, Technology, Industry, ISS, – NASA SpaceX, Deere, Street, Deere Deere, KKR Locations: Cape, Florida, United States, U.S, Brazil, Bengaluru, India

☆ Investing in Space: A reality check on SPAC frenzy revenue projections
▼ + stars: | 2023-10-12 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +13 min

Overview: Forecast or fantasyWe're now at least two years on from when a slew of space companies went public during the SPAC frenzy, and, look, none of them look great. Now a bit further down the road, I want to look at a different financial metric: 2023 revenue projections. I ran an informal series for a while to mark when a space company announced it was going public. The rest of the pack isn't as on the mark: A few companies are roughly halfway to their earlier 2023 revenue projections, or performing even better. Spire forecast 2023 revenue of $227 million and is closing in on about $107 million.

Persons: Angela Weiss, CNBC's Michael Sheetz, it's, I'd, Here's, Derek Tournear, Ron Rosano, Trevor Beattie, Namira Salim, –, REx, Christopher Povak, Lisa Watson, Morgan, – Watson, Morgan Starliner, General, NASA Astrobotic, Andy Lapsa Organizations: New York Stock Exchange, AFP, Getty, Terran, Galactic Astra, CNBC, Pentagon, Space Development Agency, LinkedIn, Galactic, NASA, NASA NRO, Soyuz, – Reuters, Reuters SpaceX, FAA, Federal Aviation Administration, IAC, Lunar Research, SpaceX, Boeing NASA, Moonshots Capital, Lavrock Ventures, Veteran Fund, Mana Ventures, AIN Ventures, Capital Factory, Astra, – Bloomberg, ViaSat, Viasat Locations: Russian, Azerbaijan, Russia, Venezuela, South Africa, Florida, Washington, CNBC Los Angeles

☆ Investing in Space: Industry enters new era with tight funding and SpaceX dominance
▼ + stars: | 2023-09-14 | 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. BogeymanSpaceX feels a bit like Voldemort here: Whether it's the launch or satellite communications markets, SpaceX's dominance was a hot topic. While the company hasn't made any claims yet, the insurance market ramifications are looming. Because I think the one issue that creates dysfunction in this insurance market is … do you have enough volume to make up for this loss? … They're trying to figure out what 2024 is going to hold."

Persons: CNBC's Michael Sheetz, SpaceX's Starlink, Uninsurable, hasn't, Here's, they've, … They're, –, Jonathan Baliff, Henry Dubois, Adam Spice, EXIM, Judith Pryor, Pryor, there's Organizations: SpaceX, We're Locations: Paris, U.S

☆ This play on the booming space economy could more than triple, says Roth MKM
▼ + stars: | 2023-09-13 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Redwire shares are set for takeoff, according to Roth MKM. Managing director Suji Desilva initiated research coverage of the space stock with a buy rating. The Jacksonville, Florida-based company is helping to enable integrated space missions, further space exploration and offer support for multinational missions. After multiple quarters of organic growth and EBITDA profitability, Desilva said Redwire should now see steady growth. Roth MKM's $10 share price target reflects an enterprise-value-to-sales multiple of 2.5 times, lower than peers' 3.0 times owing to Redwire's early-stage status.

Persons: Roth MKM, Suji Desilva, Desilva, Redwire, Roth, — CNBC's Michael Bloom Locations: Jacksonville , Florida

☆ Stocks making the biggest moves midday: Citigroup, Adobe, Corteva and more
▼ + stars: | 2023-09-13 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

David Wadhwani, senior vice president of digital media for Adobe, speaks during the launch of Adobe Creative Cloud and CS6 in San Francisco, April 23, 2012. Redwire — The space infrastructure stock soared 5.6% Wednesday after Roth MKM initiated research coverage of the company with a buy rating. The firm said Redwire, which went public via a special purpose acquisition company in 2021, has "several billions worth of pipeline revenue opportunity." Citigroup — Shares advanced nearly 1.7% after the bank's CEO Jane Fraser announced a corporate reorganization Wednesday amid a stock slump. Adobe — Stock in the software company added about 2.1% in midday trading ahead of quarterly results Thursday.

Persons: David Wadhwani, Roth MKM, Jane Fraser, Nio, General Motors, —, Alex Harring, Hakyung Kim, Brian Evans, Samantha Subin, Tanaya Macheel Organizations: Adobe, Adobe Creative, Moderna —, Centers for Disease Control, Pfizer, Moderna, U.S . Food, Drug Administration, Citigroup —, Citigroup, Airline, American Airlines, Spirit Airlines, European Commission, Adobe —, FactSet, Traders, Ford Motor, General, UBS, Ford, General Motors Locations: San Francisco, U.S, Nio —, China

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, FedEx, Match, Ford, Amazon, Microsoft and more
▼ + stars: | 2023-09-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating after Apple's iPhone event Tuesday. F (Buy) earnings more resilient than appreciated driven by Pro business." Morgan Stanley reiterates Darden as overweight Morgan Stanley said it's bullish heading into the owner of Red Lobster's earnings next week. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by its recent upgrade of the stock despite investor pushback. TD Cowen reiterates FedEx as outperform TD Cowen said it's cautiously optimistic heading into FedEx earnings next week.

Persons: Morgan Stanley, Apple, it's, BEV, Darden, Red, Commerce Max, Tesla, pushback, Michael Kors, Guggenheim, TD Cowen, Hershey, Cowen, Bernstein, Roth, Roth MKM, BTIG, Lennar, F3Q, Needham Organizations: JPMorgan, UBS, Ford, General Motors, Pro, Citi, Commerce, JPMorgan downgrades Oracle, WWE, UFC, Holdings, NYSE, Microsoft, FedEx, " Bank of America, Garden Entertainment, Bank of America, YouTube Locations: China, Capri, Lennar, GOOGL

☆ Redwire and Sierra team up to make drugs in space on inflatable habitat’s first mission
▼ + stars: | 2023-08-21 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

An ADSEP with blue PIL-BOXs, hardware which will be delivered to Sierra Space for the LIFE habitat pathfinder mission. Space infrastructure company Redwire is putting a biotech technology test bed on Sierra Space's first mission with its inflatable space habitat, establishing a new partnership between the two companies to make drugs in orbit. "It's an incredible moment for Redwire, an incredible moment for Sierra," Mike Gold, Redwire's chief growth officer, told CNBC. Redwire is not alone in targeting that market, with startups like Varda and Space Forge also working on such test beds. The idea is to manufacture drugs in space, leveraging the environment to create unique materials, that would be returned for use on Earth.

Persons: Mike Gold, Varda Organizations: Space, LIFE, pathfinder, CNBC, Space Forge Locations: Space's, Space

☆ Space company Redwire trims quarterly losses, builds order backlog past $270 million
▼ + stars: | 2023-08-07 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Space infrastructure company Redwire said Monday that it nearly erased its net losses during the second quarter and further grew its contract backlog. Its backlog of contracted orders increased nearly 70% year over year, to $272.8 million from $162.1 million a year prior. The company trimmed its net loss to $5.5 million, dropping the amount 93% from $77 million in the quarter a year ago. Redwire stock rose as much as 8% in after-hours trading from its close at $3.43 a share. The company also reaffirmed full-year revenue guidance, saying it expects to bring in between $220 million and $250 million in 2023.

Persons: Redwire, Jonathan Baliff Organizations: New York Stock Exchange

☆ Investing in Space: Rocket Lab stock leads the sector in year-to-date gains
▼ + stars: | 2023-08-03 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Rocket Lab is up 85% so far this year, closing back in on its $10 a share starting point two years ago, while Redwire is close behind, up 78%. Rocket Lab is the index's No. Chanin noted that with many of these space stocks having debuted at $10 a share they're largely still trying to get back to where they started. Rocket Lab has a healthy lead but we'll see who ends up on top come the end of the year – with the market watching closely for continued execution.

Persons: CNBC's Michael Sheetz, Redwire, it's, Andrew Chanin, –, Stocks, Chanin Organizations: Rocket Lab Locations: ProcureAM

☆ Investing in Space: India is the industry's 'sleeping giant,' according to an expert behind the international Artemis Accords
▼ + stars: | 2023-06-29 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

Indian Ambassador Taranjit Sandhu, right, talks with NASA Administrator Bill Nelson, after having signed the Artemis Accords on June 21, 2023. CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Gold described India as "a sleeping giant in the space world that is awakening" – albeit "one that's been snoring loudly." Gold believes India's bureaucratic reforms in its space efforts are helping the country move faster in the sector. "No one is altering their path – we're just complementing each other relative to Artemis and the existing plans with India.

Persons: Taranjit Sandhu, Bill Nelson, CNBC's Michael Sheetz, Narendra Modi, Mike Gold, –, Gold, Artemis Organizations: NASA, Artemis Accords, CNBC's, India's, Modi's, Indian Space Research Organization, ISRO, International Space Station, U.S, Space Force, Space, CNBC, Galactic Locations: U.S, India, Russia, China

☆ SpaceX and Rocket Lab are the only consistent and reliable launch companies as other space stocks have trouble raising capital, Bank of America says
▼ + stars: | 2023-04-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Meanwhile, most other companies have had trouble raising capital in the risk-averse environment. "Fast forward to 2023, and there are truly only two launch companies that have proven consistent and reliable operations, only one of which is publicly traded Rocket Lab," analysts wrote. "When presented this reality, most satellite companies expressed their reluctance to being over reliant on certain launch companies, namely SpaceX." But other launch companies like Richard Branson's firm Virgin Orbit have run into trouble. "Also, contrary to popular belief, the space industry is not blind to the importance of profitability, and most are aggressively seeking this milestone," the note added.

☆ Space infrastructure company Redwire trims quarterly losses, builds order backlog
▼ + stars: | 2023-03-29 | by ( Michael Sheetz | ) www.cnbc.com time to read: +1 min

Space infrastructure company Redwire reported fourth-quarter results on Wednesday, saying it further trimmed its losses and built its order backlog. After rising as much as 10% in premarket trading, Redwire stock fell slightly soon after the opening bell. The company brought in $53.7 million in fourth-quarter revenue, up 31% from the same period a year ago. "Our financial performance showed improvement on both a sequential and year-over-year basis," Redwire CFO Jonathan Baliff said in a statement. For 2023, Redwire forecast full year revenue between $220 million to $250 million, up from $160.6 million in 2022 revenue.

☆ Investing in Space: Cash crunch
▼ + stars: | 2022-10-20 | by ( Michael Sheetz | ) 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. We're now in the final quarter of the year, and for several space companies, it's survival time. They weren't proven businesses and the tide went out," a banker familiar with the sector told me about the environment for space stocks. While not a definitive metric, the cash burn rates of de-SPAC space companies – from AST SpaceMobile to Redwire and more – give a window into the urgency of the situation. Private space companies are feeling the pinch as well.

☆ U.S. says seven board directors resigned under antitrust pressure
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +3 min

WASHINGTON, Oct 19 (Reuters) - Seven directors on the boards of five companies have resigned because of the U.S. Justice Department's concerns over the directors holding similar board positions at rival companies, the department said on Wednesday. Two others representing Thoma Bravo on the SolarWinds board also resigned, the department said. SolarWinds said in a legal filing dated Oct. 14 that the three board members had decided to resign after receiving a letter from the Justice Department alleging that their board service broke antitrust law. A spokesperson for Udemy said a director stepped down on Sept. 23 because of U.S. Justice Department concerns. Directors also resigned from the board of Definitive Healthcare (DH.O), Redwire Corp (RDW.N) and CTS Corp (CTS.N) because they were on the boards of competing companies, the department said.

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