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Rocket Report: European rocket reuse test delayed; NASA tweaks SLS for Artemis II

Welcome to Edition 8.11 of the Rocket Report! We have reached the time of year when it is possible the US government will shut down its operations at the end of this month, depending on congressional action. A shutdown would have significant implications for many NASA missions, but most notably a couple of dozen in the science directorate that the White House would like to shut down. At Ars, we will be watching this issue closely in the coming days. As for Artemis II, it seems to be far enough a

Netskope opens at $23 after cybersecurity firm prices shares at top of range

Netskope shares opened at $23 in their Nasdaq debut after the cybersecurity software provider sold shares at the top end of its range. Shares were last up more than 20%. The company, which trades under the ticker symbol "NTSK," priced shares at $19 on Wednesday evening, raising over $908 million and valuing the company at $7.3 billion. Earlier this week, the company upped its expected range from between $15 and $17 a share to $17 to $19. CEO and co-founder Sanjay Beri said in an interview wit

Topics: 17 20 company data shares

China's Baidu soars 16% to hit 2-year highs amid positive signs for its AI business

Baidu has launched a slew of AI applications after its Ernie chatbot received public approval. Chinese tech giant Baidu saw its shares in Hong Kong soar nearly 16% on Wednesday as it increasingly focuses on its artificial intelligence-related business that has also led to a ratings upgrade. Shares in the Beijing-based firm, which holds a dominant position in China's search engine market, had gained nearly 8% overnight in U.S. trading. The strong stock performance came after equity research fi

Musk buys $1bn worth of Tesla shares

Musk buys $1bn worth of Tesla shares 1 hour ago Share Save Natalie Sherman BBC News Share Save Getty Images Billionaire Elon Musk has scooped up roughly $1bn (£735m) worth of Tesla shares, in what is being seen as a vote of confidence in the electric car maker. Shares in Tesla, which have struggled to advance this year, jumped more than 6% in early trading on Monday on the news. Musk already held a roughly 13% stake in the company, but he has long sought more control of the firm, which he has

Klarna’s IPO pops, raising $1.4B, with Sequoia as the biggest winner

It’s been a long road for the 20-year-old fintech Klarna to make it to an IPO. But on Wednesday, the company successfully landed on the New York Stock Exchange, having raised $1.4 billion, largely for its existing investors, rather than itself. The fintech giant sold shares at $40, above its announced range of $35 to $37, and came out of the gate with a $15 billion valuation. Shares popped, opening at $52, though quickly settling down to around $46 mid-day. Of the 34.3 million shares Klarna so

AppLovin and Robinhood added to S&P 500

Shares of advertising technology company AppLovin and stock trading app Robinhood Markets each jumped about 7% in extended trading on Friday after S&P Global said the two will join the S&P 500 index. The changes will go into effect before the beginning of trading on Sept. 22, S&P Global announced in a statement. AppLovin will replace MarketAxess Holdings , while Robinhood will take the place of Caesars Entertainment . In March, short-seller Fuzzy Panda Research advised the committee for the la

Figma's stock slumps 18% after first earnings report to lowest since IPO

Figma shares plummeted nearly 20% on Thursday, falling to the lowest price since the design software vendor's IPO in July after the company reported earnings for the first time as a public company. Results for the second quarter were largely inline with expectations, as Figma had issued preliminary results a little over a month ago. Revenue increased 41% from a year earlier to $249.6 million, slightly topping analyst estimates of $248.8 million, according to LSEG. Analysts at Piper Sandler des

Klarna revives IPO plans, aims to raise $1.27B

Swedish buy-now, pay-later (BNPL) startup Klarna and its shareholders are reviving its initial public offering, hoping to raise as much as $1.27 billion in a listing that would value the company at up to $14 billion. The company and some of its shareholders are together selling approximately 34.3 million shares between $35 and $37 each, the company said in an update to its registration statement on Tuesday. Klarna would receive proceeds from about 5.6 million shares, while its shareholders are

U.S. government takes 10% stake in Intel, as Trump expands control over private sector

Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Commerce Secretary Howard Lutnick said on Friday that the U.S. government has taken a 10% stake in embattle chipmaker Intel, the Trump administration's latest effort to exert control over corporate America. Intel shares rose about 6% during trading on Friday. They were flat in extended trading. Intel, the only American company capable of making ad

U.S. government takes 10% stake in Intel

Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Commerce Secretary Howard Lutnick said on Friday that the U.S. government has taken a 10% stake in embattle chipmaker Intel, the Trump administration's latest effort to exert control over corporate America. Intel shares rose about 6% during trading on Friday. They were flat in extended trading. Intel, the only American company capable of making ad

Palantir stock falls for sixth-straight day in longest losing streak since April 2024

Palantir shares sank further into correction territory Wednesday after six straight days of heavy selling. The slide marks the longest such streak for the artificial intelligence software company since April 2024, and brings shares down 18% from the recent intraday record. Shares closed in correction territory on Tuesday after accumulating a 15% loss from the highs. Wednesday's moves also dropped Palantir out of the 20 most valuable U.S. companies ranking. The software analytics company achiev

Palantir stock plummets 18% from highs in longest losing streak since April 2024

Palantir shares sank further into correction territory Wednesday after six straight days of heavy selling. The slide marks the longest such streak for the artificial intelligence software company since April 2024, and brings shares down 18% from the recent intraday record. Shares closed in correction territory on Tuesday after accumulating a 15% loss from the highs. Palantir's slide followed a broader market sell-off and came on the heels of a short seller report from Andrew Left's Citron Rese

Palantir stock plummets 20% from highs in longest losing streak since April 2024

Palantir shares sank into bear market territory Wednesday after six-straight days of heavy selling. The slide marks the longest such streak for the artificial intelligence software company since April 2024, and brings shares down 20% from the recent record. Shares closed in correction territory on Tuesday after accumulating a 15% loss from the highs. Palantir's slide followed a broader market selloff and came on the heels of a short-seller report from Andrew Left's Citron Research. He called t

SoftBank Group shares plunge over 9% as Asian tech stocks track declines in U.S. peers

The logo of Japanese company SoftBank Group is seen outside the company's headquarters in Tokyo on January 22, 2025. Other Japanese tech stocks also declined, with semiconductor giant Advantest falling as much as 6.27%. Meanwhile, shares in Renesas Electronics and Tokyo Electron were last seen trading 2.46% and 0.75% lower, respectively. The tech-focused investment firm saw shares drop for a second consecutive session, following its announcement of a $2 billion investment in Intel . Intel shar

SoftBank Group shares plunge over 9% as Asian tech stocks decline

The logo of Japanese company SoftBank Group is seen outside the company's headquarters in Tokyo on January 22, 2025. The Japanese tech-focused investment firm saw shares drop for a second consecutive session, following its announcement of a $2 billion investment in Intel . Intel shares rose 6.97% to close at $25.31 Tuesday stateside. Shares of SoftBank Group plunged as much as 9.17% Wednesday, as technology stocks in Asia declined, tracking losses in U.S. peers overnight. Other Japanese tech

TeraWulf stock gains more than 4% as Google boosts stake in data center operator

TeraWulf stock rallied more than 4% after Google hiked its stake in the bitcoin miner and data center operator as it funds an expansion of its Lake Mariner, New York, facility. Earlier in the session, shares had jumped over 10%. As part of the deal, Google will offer up to $1.4 billion in additional backstop, bringing its total to about $3.2 billion. It hikes Google's stake in TeraWulf to 14% from 8% and enables the tech giant to buy about 32.5 million shares of the company's stock. TeraWulf

TeraWulf stock jumps more than 10% as Google boosts stake in data center operator

TeraWulf stock rallied more than 10% after Google hiked its stake in the bitcoin miner and data center operator as it funds an expansion of its Lake Mariner, New York, facility. As part of the deal, Google will offer up to $1.4 billion in additional backstop, bringing its total to about $3.2 billion. It hikes Google's stake in TeraWulf to 14% from 8% and enables the tech giant to buy about 32.5 million shares of the company's stock. TeraWulf CEO Paul Prager said in a release that the agreement

TeraWulf stock jumps more than 10% as Google boosts stake in datacenter operator

TeraWulf stock rallied more than 10% after Google hiked its stake in the bitcoin miner and datacenter operator as it funds an expansion of its Lake Mariner, New York, facility. As part of the deal, Google will offer up to $1.4 billion in additional backstop, bringing its total to about $3.2 billion. It hikes Google's stake in TeraWulf to 14% from 8% and enables the company to buy about 32.5 million shares of the company's stock. CEO Paul Prager said in a release that the agreement solidifies t

Warren Buffett’s Berkshire Hathaway offloads more AAPL shares

Warren Buffett’s Berkshire Hathaway has again scaled back its stake in Apple. In a regulatory filing this week, Berkshire disclosed that it sold 20 million shares of Apple during the June quarter. Nonetheless, Apple remains the conglomerate’s largest holding at 280 million shares, valued at over $64 billion. Berkshire began buying Apple stock in 2016. At its peak in 2023, Berkshire Hathaway owned over 915 million shares of Apple, accounting for over 50% of the firm’s holdings. Buffett has trimm

CoreWeave tanks 20% after posting wider-than-expected loss ahead of lock-up expiration

CoreWeave 's stock sank 20% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a loss of 21 cents per share expected by analysts polled by LSEG. CoreWeave's results came as the lock-up period following its initial public offering is set to expire Thursday evening and potentially add volatility to shares. The term refer

CoreWeave stock slumps 20% on wider-than-expected loss ahead of lock-up expiration

CoreWeave 's stock sank 20% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a loss of 21 cents per share expected by analysts polled by LSEG. CoreWeave's results came as the lock-up period following its initial public offering is set to expire Thursday evening and potentially add volatility to shares. The term refer

How Stock Options Work

How Stock Options Work Employee stock-option programs are typically authorized by a company's board of directors (and have historically been approved by the shareholders) and give the company discretion to award options to employees equal to a certain percentage of the company's shares outstanding. Options give employees the right to buy a certain number of their company's shares at a fixed price for a certain period of time, usually 10 years. That price, usually the market price of the

CoreWeave stock slumps 18% on wider-than-expected loss ahead of lock-up expiration

CoreWeave 's stock dropped 18% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a loss of 21 cents per share expected by analysts polled by LSEG. CoreWeave's results came as the lock-up period following its initial public offering is set to expire Thursday evening and potentially add volatility to shares. The term re

CoreWeave stock slumps 14% on wider-than-expected loss ahead of lockup expiration

CoreWeave 's stock dropped 14% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a 21-cent loss per share expected by analysts polled by LSEG. CoreWeave's results came as the lock-up period following its initial public offering is set to expire Thursday evening and potentially add volatility to shares. The term refers

StubHub is once again working on its IPO that could raise $1B

In Brief StubHub is giving a strong indication that its IPO is back on again. It filed a public S-1 in late March, then paused in April after the Trump administration’s tariffs spooked Wall Street. On Monday, it filed an updated S-1 that now includes Q1 2025 results. IPO experts Renaissance Capital estimated in March that the IPO could raise $1 billion, and says this fresh S-1 could mean a debut next month. StubHub declined to comment on its IPO plans, citing its quiet period. In 2024, it g

Circle shares fall after stablecoin issuer says it will offer 10 million shares

Circle Internet Group Initial Public Offering at the New York Stock Exchange in New York City, U.S., June 5, 2025. Circle Internet Group stock tumbled more than 5% in extended trading Tuesday after it said it would offer 10 million Class A shares to the public. Of the total stock being offered, 2 million shares will be offered by Circle. The remaining 8 million shares will be sold by stockholders. The stablecoin issuer's shares have soared more than 450% since it went public on June 5. As pa

Crypto exchange Bullish raises IPO size, seeks nearly $5 billion valuation

Peter Thiel-backed cryptocurrency exchange Bullish raised the size of its initial public offering. Bullish is aiming to raise $990 million, offering 30 million shares priced between $32 and $33 apiece, and targeting a valuation of $4.8 billion, according to a Monday filing with the Securities and Exchange Commission. The company, led by former New York Stock Exchange president Tom Farley, had previously marketed 20.3 million shares at a proposed range between $28 and $31 a share and sought a $

Firefly Aerospace soars over 30% in market debut to land at $8.5 billion valuation

Firefly’s CEO Jason Kim reacts during the company's IPO at the Nasdaq MarketSite in New York City, U.S., August 7, 2025. Firefly Aerospace jumped more than 34% in its Nasdaq debut on Thursday after pricing shares above its expected range. The stock closed at $60.35, valuing the company at roughly $8.5 billion. Shares initially opened at $70 under the ticker symbol FLY. Space technology has gained momentum in recent years as companies such as Elon Musk's SpaceX amass more funding and governmen

Firefly Aerospace stock opens at $70 in Nasdaq debut

Firefly Aerospace rings the opening bell at the Nasdaq on Aug. 7th, 2025. Firefly Aerospace jumped more than 50% in its Nasdaq debut on Thursday after pricing shares above its expected range. Shares started trading at $70 each under the ticker symbol FLY. The initial price values the company at close to $10 billion. The shares ticked lower after the open. Space technology has gained momentum in recent years as companies such as Elon Musk's SpaceX amass more funding and government contracts. F

Coinbase shares slide Tuesday as crypto play takes double-digit fall from July record

Shares were last down more than 5%. The decline occurred as investors adopted a risk-off stance on Tuesday and the three major averages declined. Coinbase is now off more than 30% from its all-time high of $444.65, reached on July 18. Shares popped in mid-July as legislators voted on a series of crypto-related bills, ending with President Donald Trump signing the GENIUS Act stablecoin legislation — the nation's first-ever crypto law. Shares have been collapsing since then. Shares of the crypto