Investors cheered Elon Musk’s vision for AI satellites, orbital data centers and Moon-based manufacturing.
Musk unveiled an “AI 1” satellite concept capable of 150 kilowatts of peak power and 120 kilowatts of sustained compute.
He also said that SpaceX aims to increase annual payload deliveries from 2,500 tons to millions of tons.
Shares of space stocks rose overnight heading into Tuesday as investors cheered Elon Musk’s vision for AI satellites, orbital data centers and Moon-based manufacturing ahead of SpaceX’s highly anticipated Nasdaq debut this week.
In overnight trading, Rocket Lab USA (RKLB) and Redwire (RDW) gained 3%, Firefly Aerospace (FLY), , Sidus Space (SIDU), and Virgin Galactic (SPCE) added 2% each, and Intuitive Machines (LUNR) edged up 0.2%.
Link: https://finance.yahoo.com/markets/stocks/articles/rklb-lunr-rdw-jump-premarket-080941205.html