๐ ELON MUSK WARNS OF CHALLENGES IN STARSHIP RECOVERY AFTER ITS 13TH FLIGHT ๐ฐ๏ธ
SpaceX CEO Elon Musk said that recovery projections for the Starship spacecraft after its thirteenth test flight are not promising ๐.
As reported by Odaily, the company has already collected detailed images of the heat shield and the enginesโ critical zones ๐ฅ.
This technical information will make it possible to analyze structural failures and apply key optimizations in the next phases of the space program ๐ ๏ธ.
๐ ELON MUSK QUESTIONS STARSHIP'S RECOVERY AFTER ITS THIRTEENTH FLIGHT ๐ฐ๏ธ
SpaceX founder Elon Musk warned that the preliminary data regarding the recovery of the Starship after its thirteenth test flight are not promising, according to Odaily ๐.
Despite the setbacks in the recovery, the technical team has already obtained detailed photos of the key areas of the engines and the heat shield ๐ฅ.
This information will be used to fix faults and optimize the spacecraftโs components for upcoming missions ๐ ๏ธ.
๐ผ ONCE UPON A FARM ELEVATES FORECASTS AFTER A 42% SALES GROWTH ๐
The baby food brand Once Upon a Farm raised its full-year financial projections after posting a year-over-year growth of 42% in sales in its most recent quarter, according to Bloomberg ๐.
Co-founder and CEO John Foraker said consumer demand in the baby and childrenโs food categories remains solid and resilient, giving the companyโs leadership strong confidence that it can sustain this pace of expansion in the market ๐๐ถ.
๐จ๏ธ FORMLABS, BACKED BY SOFTBANK, EVALUATES A STOCK MARKET EXIT (IPO) ๐
Formlabs, the 3D printer manufacturer backed by SoftBank, is in early talks with financial advisors to prepare an initial public offering (IPO), according to Bloomberg ๐๏ธ.
The U.S. company, specialized in high-precision 3D printing technology for sectors such as medical, dental, and industrial, is thus assessing its public listing on the stock markets, marking a key step in its financial expansion ๐.
๐ก๏ธ GEN DIGITAL SHARES HIT AN ANNUAL PEAK AFTER RAISING ITS FORECASTS ๐
Gen Digital (Norton, Avast and LifeLock) shares reached their highest level in nearly a year after it raised its projections for financial results ๐.
President and CEO Vincent Pilette said in a Bloomberg interview that he is confident about sustaining double-digit growth over the coming quarters ๐.
This boost is driven by higher demand for cybersecurity solutions, fueled by growing concern about the risks posed by artificial intelligence and agentic technologies ๐ค.
๐ค SPACEX COMPLETES THE PURCHASE OF CURSOR FOR $60 BILLION IN SHARES ๐
SpaceX is set to finalize the acquisition of Anysphere (creator of the AI code editor, Cursor) for a value of $60 billion, according to The Information.
The transaction was structured as a 100% stock deal.
Key points: Integration: Cursor will be directly integrated with the companyโs artificial intelligence team (SpaceXAI).
Explosive growth: The startup went from being valued at $9.9 billion to reaching this milestone after surpassing $3 billion in annual recurring revenue.
Strategy: Strengthens the software development infrastructure for its space projects and the Colossus network.
๐ฅ SOLANA PRESENTS PROPOSALS TO INCREASE TOKEN BURNING AND REDUCE INFLATION ๐
The Solana community and validators are evaluating a key governance package (SIMD-0553 and SIMD-0550 proposals) to reshape the networkโs tokenomics.
Key Points: Daily Burn Increase: The SIMD-0553 proposal introduces resource-based transaction fees, raising the daily burn from 650 SOL to between 7,500 and 9,000 SOL (up to $650,000 per day).
Accelerated De-Inflation: The SIMD-0550 proposal aims to double the annual de-inflation rate to 30%, moving the minimum inflation target (1.5%) from 2032 to 2029.
Financial Impact: Itโs estimated to cut issuance by 18.9 million SOL (~$1,360M) over the next six years, reducing supply growth.
๐พ SANDISK BULLS LOST KEY DATA: SHARE BUYBACKS AND THE $50,000M MARKET IN 2027 ๐
Despite Sandiskโs stock decline, its management team expects a slowdown in the downturn, supported by a massive share repurchase program ๐.
According to Sina Finance, Citigroup analyst Asiya Merchant noted that Sandisk repurchased $4.5 billion in shares last quarter, with $14.5 billion still authorized ๐ฐ.
The company also projects that the total flash memory NAND market will grow from $30.0 billion in 2026 to $50.0 billion in 2027, backing a very optimistic outlook for investors ๐.
๐ฐ CEO FROM DRAFTKINGS CRITICIZES BETS IN PREDICTION MARKETS ON EARNINGS CALLS ๐
DraftKings CEO Jason Robins expressed his opposition to users placing bets in prediction markets on executivesโ statements during financial earnings calls ๐.
As reported by Bloomberg, Robins believes that speculating about corporate messaging in real time does not benefit the industry or the betting market ๐ซ.
The debate arises amid the rise of prediction platforms that allow monetizing corporate events and executivesโ speeches ๐.
๐ TWILIO SURGES AFTER REPORTING RECORD BENEFITS AND AI-DRIVEN BOOST ๐ป
Twilio Inc. shares jumped strongly after the company posted quarterly results that comfortably beat Wall Street estimates, highlighting free cash flow and profitability at record levels ๐.
The companyโs CEO, Khozema Shipchandler, said that while artificial intelligence currently makes a modest contribution to total revenue, Twilioโs global communications infrastructure forms a strong competitive moat ๐ก๏ธ.
He also emphasized that the shift toward agentic AI will become a long-term growth catalyst for the business ๐ค.
๐ฆ THE FED ACCEPTS $1,429 MILLION IN ITS REVERSE REPO OPERATION ๐ต
The U.S. Federal Reserve (Fed) absorbed a total of $1,429 million from six financial counterparties through its fixed-rate reverse repurchase facility (Reverse Repo) ๐.
According to ChainCatcher, the transaction involved only six financial institutions ๐๏ธ.
The low participation and contained volume in these reverse repo operations reflect the current liquidity within the U.S. banking system and the adjustment to the central bankโs asset balance ๐.
๐ผ BLACKROCK TCP CAPITAL SELLS PORTFOLIO FOR $523M TO REDUCE LEVERAGE ๐
BlackRock TCP Capital agreed to sell a $523 million private credit portfolio (covering 78 companies) to strengthen its balance sheet and increase liquidity ๐ฐ.
The transaction will dramatically reduce its leverage from 1.38x to 0.4x, although it will have a direct impact on the value of its assets: Net asset value (NAV) will fall by approximately 10.4% ($0.68 per share) ๐ป.
The firm reported net investment income of $18.1M in Q2, absorbing losses of $14.8M related to the transfer ๐.
๐๏ธ GAO REPUTA SAVINGS OF $110 BILLION CLAIMED BY ELON MUSK'S DOGE โ ๏ธ
A report by the Government Accountability Office (GAO) concluded that Elon Musk's Department of Government Efficiency (DOGE) overestimated its savings figures ๐.
The GAO identified serious transparency and reliability issues:
In 2,503 of 13,476 contracts reported as canceled, no real action was taken ๐. Lease cuts were listed as $113M, but the actual savings totaled $53.5M ๐ข.
The document, requested by Democratic senators, questions the agency's methods for calculating public spending โ๏ธ.
๐ APPLOVIN PLUNGES 18% AFTER DISAPPOINTING WITH ITS 3Q FORECASTS ๐ป
AppLovin shares fell by about 18% in after-hours after projecting adjusted EBITDA for 3Q between $1,710M and $1,740M, below the $1,750M expected by Wall Street ๐.
In addition, the firm missed the 2Q revenue estimates.
In other moves: DoorDash rose 1% after beating revenue ($4,450M vs. $4,340M expected) ๐. Zillow fell 9% after naming Jeremy Hofmann as COO and reporting its results ๐ .
๐ฆ JEFF BEZOS SELLS $350 MILLION IN AMAZON SHARES AFTER HISTORIC HIGH ๐
Jeff Bezos executed his first Amazon stock sale of the year for a value close to $350 million, coinciding with a record high for the stock ๐.
According to the regulatory filing (Form 4), this transaction is only a small fraction of his plan to liquidate up to 15 million shares (more than $4,000 million) ๐ฐ.
Driven by an 18% rise in Amazon this year, Bezosโs fortune grew by $38.7 billion, reaching $292 billion.
โ ๏ธ BTIG ANALYST WARNS OF RISKS IN THE S&P 500 AND MICROSOFT UPSWING ๐
BTIG analyst Jonathan Krinsky warned that a move above 5% on the upside in the S&P 500 over four days has only happened three times in three decades (1999, 2000, and 2020), a pattern that brings to mind the dot-com era ๐.
He also described as a warning sign Microsoftโs 27% jump over four trading sessions, one of the biggest rallies in its history ๐ป.
Krinsky noted that these parabolic moves often precede periods of high volatility or market corrections.
โก SPACEX INVESTS $295M IN TESLA MEGAPACKS FOR ITS AI INFRASTRUCTURE ๐ค
SpaceX allocated $295 million to Tesla Megapacks energy storage systems during the second quarter of 2026, totaling $329 million in the first half of the year ๐.
The batteries will power SpaceXAI (Colossus) data centers in Greater Memphis. Meanwhile, the NAACP filed a federal lawsuit to halt the use of dozens of gas turbines without environmental permits at the facility ๐.
Elon Musk confirmed plans to rapidly expand its energy and AI infrastructure.
๐ METLIFE PROFITS BEAT WALL STREET EXPECTATIONS ๐ผ
MetLife Inc. reported that its earnings for the second quarter surpassed Wall Street analystsโ estimates, according to Bloomberg ๐.
The insurer attributed these strong results to favorable policy underwriting performance, a sustained increase in operating volume, and significant progress on its five-year strategic plan unveiled at the end of 2024 ๐๏ธ.
The company said that the rigorous execution of that plan has been key to maintaining its operational and financial growth.
๐ DOORDASH EXCEEDED PROFIT EXPECTATIONS THANKS TO THE INCREASE IN ORDERS ๐
DoorDash Inc. issued an earnings outlook that far exceeded Wall Streetโs projections, as Bloomberg reported ๐.
The strong financial performance of the platform was driven by an increase in the purchase frequency of its subscribing users, who boosted their orders for both prepared food and groceries and consumables ๐๏ธ.
The result reflects resilience in demand for home delivery and the consolidation of its paid subscription model ๐.