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SpaceX IPO Triggers "Alt Stock" Stampede, KeyBanc Contrarian Buy Call on Rocket Lab and Firefly

2 hours ago

SpaceX made history with its NASDAQ debut on June 12, pricing its IPO at $135 per share and raising $75 billion—the largest IPO in U.S. history to date. But since the star’s launch, SpaceX-linked alternative space stocks have tumbled: Rocket Lab dropped nearly 11% in a single session, Firefly slid 19%, EchoStar fell 14%, and Virgin Galactic plummeted 34%. Contrarian take from KeyBanc analyst Michael Leshock in a Sunday report: He upgraded both Rocket Lab and Firefly to Overweight, setting price targets of $135 (implying 32% upside from Friday’s close) and $50 (57% upside), respectively. Leshock argues SpaceX’s post-listing volatility is creating buying opportunities, citing three key drivers: NASA activity is ramping up at a pace unseen since the Apollo era; a structural shortage of commercial launch supply exists; and institutional investor interest in the space race continues to rise. Wall Street consensus aligns with this upbeat outlook: 8 of 10 analysts covering Firefly have Buy ratings, while 17 of 22 on Rocket Lab recommend purchasing shares.
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Anthropic will meet with Trump administration officials today regarding the "Mythos" model

June 15: CNBC reports that Anthropic is scheduled to meet with Trump administration officials today regarding its "Mythos" large language model. Earlier today, BlockBeats put out a report citing a source close to Anthropic, who revealed that senior technical staff from the company have traveled to Washington to hold a meeting with White House officials. The purpose of this meeting is to resolve an export control dispute that led Anthropic to forcibly take its two most powerful large-scale models—Mythos and Fable—offline.

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Hyperbridge Relaunches Cross-Chain Interoperability Protocol and Introduces OFT Adapter, Completes Decentralized Architecture Upgrade

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European Semiconductor and Photonics Investment Landscape: Serenity Recap of Core Long Portfolio and Industry Rationale

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JTO Surges Over 44% in 24 Hours, Market Cap Reaches $690 Million

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F2Pool co-founder Wang Chun has recently bought the dip on ETH three times, currently sitting on over $8 million in unrealized gains

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The US Military States It Will Continue to Block Iranian Ports Until the US-Iran Agreement is Formally Signed

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