Investing

106907562 1625665761003 51169562702 b0f21f6521 k 2

SpaceX expected to become more valuable than Tesla, Morgan Stanley survey finds

Starship prototype SN15 returns for a landing on May 5, 2021 after a high-altitude flight test. SpaceX Between Elon Musk’s two largest companies, investors and experts have a long-term favorite. Most “institutional investors and industry experts” surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla, and see it as a more attractive …

SpaceX expected to become more valuable than Tesla, Morgan Stanley survey finds Read More »

102036394 RTR31UI0r

Fixed-income titan Pimco is starting to embrace cryptocurrencies, CIO says

Fixed-income giant Pimco has dabbled in cryptocurrencies and plans to gradually invest more in digital assets that have the potential to disrupt the financial industry, according to chief investment officer Daniel Ivascyn. “Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the …

Fixed-income titan Pimco is starting to embrace cryptocurrencies, CIO says Read More »

105273206 IMG 7633r

Paul Tudor Jones says crypto is his preferred inflation hedge over gold right now

Billionaire investor Paul Tudor Jones told CNBC on Wednesday he views cryptocurrencies right now as a better hedge against inflation than gold. “It would be my preferred one over gold at the moment,” Jones said in a “Squawk Box” interview. He added, “Clearly, there’s a place for crypto. Clearly, it’s winning the race against gold …

Paul Tudor Jones says crypto is his preferred inflation hedge over gold right now Read More »

106923551 1628281343744 E8H KXbVgAMl Wr orig scaled

Morgan Stanley says SpaceX’s Starship may ‘transform investor expectations’ about space

Starship prototype 20 is stacked on top of Super Heavy Booster 4 on August 6, 2021. SpaceX Elon Musk’s SpaceX has become one of the world’s most valuable private companies, and Morgan Stanley believes the Starship rockets the venture is developing will have wide-reaching implications. Starship is the massive, next-generation rocket SpaceX is developing to be …

Morgan Stanley says SpaceX’s Starship may ‘transform investor expectations’ about space Read More »

106961970 1634572878872 51594804191 1d4d3b9a30 o

NASA spacecraft launches toward Jupiter asteroids on an intricate path charted by Excel

An animated trajectory map shows the path of the Lucy mission, with the spacecraft (blue) launching from the Earth (green) out to the asteroids around Jupiter (orange). NASA NASA’s latest exploration spacecraft launched over the weekend, beginning a 12-year journey to visit Jupiter’s Trojan asteroids. A tool familiar to Wall Street was used to craft …

NASA spacecraft launches toward Jupiter asteroids on an intricate path charted by Excel Read More »

106833919 1612275697190 gettyimages 1230921813 Rafael Henrique 01022021 2375 scaled

SEC says brokers enticed by payment for order flow are making trading into a game to lure investors

In this article HOOD GME Rafael Henrique | LightRocket | Getty Images The Securities and Exchange Commission said online brokerages, enticed to increase revenue through the controversial industry practice of payment for order flow, are turning stock-trading into a game in order to encourage activity from retail investors. Wall Street’s main regulator on Monday released its …

SEC says brokers enticed by payment for order flow are making trading into a game to lure investors Read More »

106938669 1631116931701Redwire OB Photo 20210908 DN 119 PRESS 1 scaled

Investment in space companies exceeds $10 billion this year, a new annual record

In this article RDW BKSY SPIR RKLB Pete Cannito, Redwire Corporation at the New York Stock Exchange, September 8, 2021. Source: NYSE Private investment in space companies hit $3.9 billion in the third quarter, propelling this year to a new annual record of $10.3 billion, according to a report this week by New York-based firm …

Investment in space companies exceeds $10 billion this year, a new annual record Read More »

103218290 GettyImages 498516206 scaled

Michael Burry of ‘The Big Short’ asked about shorting crypto days before bitcoin hit $60,000

Andrew Toth | FilmMagic | Getty Images “The Big Short” investor Michael Burry inquired about ways to bet against bitcoin just before the world’s largest cryptocurrency hit a six-month high to breach the $60,000 level. “Ok, I haven’t done this before, how do you short a cryptocurrency,” Burry said in a Wednesday tweet. “Do you have …

Michael Burry of ‘The Big Short’ asked about shorting crypto days before bitcoin hit $60,000 Read More »

106915961 1627043095688 bit scaled

The first bitcoin futures ETF in the U.S. is set to begin trading next week

The bitcoin futures ETF from ProShares will begin trading next week, an amended filing from the company indicated late Friday, marking a milestone moment in the development of the crypto industry in the United States. The Securities and Exchange Commission had not formally approved the creation of bitcoin futures ETF as of Friday afternoon and …

The first bitcoin futures ETF in the U.S. is set to begin trading next week Read More »

106961046 1634300682330 space guys

Branson is trailing Bezos in space tourism, while Musk’s SpaceX competes in a league of its own

Richard Branson, Jeff Bezos, Elon Musk Joe Skipper | Reuters; Joe Raedle | Getty Images; Paul Hennessy | SOPA Images | Getty Images 2021 has been a whirlwind for private space tourism, with this week especially crucial for the ventures founded by Jeff Bezos and Sir Richard Branson. While Bezos’ Blue Origin took a step …

Branson is trailing Bezos in space tourism, while Musk’s SpaceX competes in a league of its own Read More »

106810701 1607952051360 Virgin Galactic Pilots on their way to the Virgin Galactic Spaceflight System

Virgin Galactic stock plunges after refurbishment delays spaceflight tests to 2022

In this article SPCE Virgin Galactic pilots walk to the company’s SpaceShipTwo Unity spacecraft, attached to the jet carrier aircraft Eve. Virgin Galactic Virgin Galactic stock plunged in trading on Friday after the company said it would delay any spaceflights to next year as it refurbishes its vehicles. While Virgin Galactic hoped to fly its …

Virgin Galactic stock plunges after refurbishment delays spaceflight tests to 2022 Read More »

106906310 1625250928207 gettyimages 82505309 Mvd711109 scaled

Elon Musk says Starlink will provide faster internet speeds on airlines

Elon Musk, Tesla CEO, stands in the foundry of the Tesla Gigafactory during a press event. year. Patrick Pleul | picture alliance | picture alliance | Getty Images Elon Musk on Thursday touted SpaceX’s plan to use Starlink for in-flight Wi-Fi, emphasizing that his company is in discussions with airlines to add the high-speed satellite …

Elon Musk says Starlink will provide faster internet speeds on airlines Read More »

106923549 1628281105396 virgin galactic Unity22 screenshot 7

Virgin Galactic delays beginning of commercial spaceflights to fourth quarter 2022, stock falls 13%

Carrier aircraft VMS Eve takes off from Spaceport America in New Mexico, carrying spacecraft VSS Unity on July 11, 2021. Virgin Galactic Virgin Galactic is delaying the beginning of its commercial space tourism service to fourth quarter 2022, with the company on Thursday announcing a reorganization of its development and test flight schedule. The space …

Virgin Galactic delays beginning of commercial spaceflights to fourth quarter 2022, stock falls 13% Read More »

106958939 1634048241943 pelican rendering earth

Planet Labs, soon to be public, unveils more powerful Pelican imagery satellites

A graphic rendering of a Pelican satellite. Planet Earth imaging and data specialist Planet Labs on Tuesday announced a new line of imagery satellites, called Pelican, as the company prepares to go public later this year. The Pelican satellites are meant to upgrade Planet’s existing constellation of 21 SkySat satellites in orbit, with launches beginning …

Planet Labs, soon to be public, unveils more powerful Pelican imagery satellites Read More »

103058720 20151005 2 1712 9 scaled

There’s a crisis in the economy, the government should pay people to go to work, says Barry Sternlicht

The shrinking U.S. workforce during the Covid pandemic is “going to cripple” the economic recovery, billionaire investor and businessman Barry Sternlicht warned Wednesday. The founder of Starwood Capital Group, which operates hotels as part of its broader portfolio, said the federal government should pay people go back to work, not to stay home. “The whole …

There’s a crisis in the economy, the government should pay people to go to work, says Barry Sternlicht Read More »

104705925 20170912 8615 2453 scaled

Barry Sternlicht says the ‘deck is stacked’ in China and he’s not a fan of investing there

Global investor Barry Sternlicht told CNBC on Wednesday he continues to hold a cautious view on investing in China. “We’re not investors directly in China,” the chairman and CEO of Starwood Capital Group said in an interview on “Squawk Box.” “It’s not a China thing, so much as countries where we think the deck is stacked or we can’t …

Barry Sternlicht says the ‘deck is stacked’ in China and he’s not a fan of investing there Read More »

106941121 1631635229660 wood3 scaled

Cathie Wood says exodus from high-cost cities will push down inflation as Ark heads to St. Petersburg

Cathie Wood, founder and CEO of ARK Investment Management LLC, speaks during the Skybridge Capital SALT New York 2021 conference in New York City, September 13, 2021. Brendan McDermid | Reuters Closely followed innovation investor Cathie Wood said they migration trend playing out in her own company is further evidence that investors should fear deflation …

Cathie Wood says exodus from high-cost cities will push down inflation as Ark heads to St. Petersburg Read More »

106943471 1631886436780 51485817639 503145bb5f o

Stories from orbit: Q&A with SpaceX Inspiration4 commander Jared Isaacman

Spacecraft commander Jared Isaacman speaks into a microphone as he peers out the cupola window. Inspiration4 The historic Inspiration4 mission, launched and operated by Elon Musk’s SpaceX, returned safely from orbit last month. CNBC spoke to the mission’s commander and benefactor Jared Isaacman about the experience. He spent three days in SpaceX’s Crew Dragon capsule …

Stories from orbit: Q&A with SpaceX Inspiration4 commander Jared Isaacman Read More »