The first version of Falcon 9, launched in 2010, reportedly brought the cost of reaching orbit down by 85 per cent (Photo: Reuters). On July 10, China’s Long March 10B placed its payload into orbit before its first-stage booster returned to Earth and was captured by a net on an offshore platform. It was China’s…
Hong Kong Exchanges and Clearing (HKEX) would proceed with its listing reform to allow confidential filings and a lower market capitalisation requirement, as part of the exchange operator’s plan to increase its international competitiveness, two sources told the South China Morning Post. The move would be a result of the exchange’s months-long consultations with market…
Bernstein maintained an ‘Outperform’ rating and a $239 price target, saying SpaceX still leads the reusable rocket market by a wide margin. The firm noted that China has yet to demonstrate booster reuse, while SpaceX has routinely reflown Falcon 9 boosters for years. Wall Street’s average price target still implies more than 66% upside, although…
Quick Read China’s Long March booster recovery led Bernstein to name China SpaceX’s top rival, sending SPCX down and likely weighing on RKLB and ASTS. The UFO ETF slid 2% as crude spiked on Hormuz tensions, while Bank of America maintained a Buy rating on RKLB with a $115 target. Act now: the analyst who…
China recovered the first stage of a rocket for the first time on Friday, becoming only the second nation after the US, through Elon Musk’s SpaceX, to master booster recovery. People watch as a Long March 10B carrier rocket takes off from Wenchang Spacecraft Launch Site, before returning vertically to an offshore platform for a…
Good morning, unless you’re a SpaceX shareholder. The company’s stock closed under $150 yesterday, its first day in the Nasdaq 100, for the first time since its June 12 IPO, possibly imperiling Elon Musk’s title as the world’s first trillionaire. Who cares, right? Still, there are takeaways even if SPCX isn’t in your portfolio. First:…
The market realignment over the past week starkly captures the self-defeating logic of America’s technology containment strategy. The momentum began on June 15, when the shares of Chinese artificial intelligence pioneer Zhipu AI, which trade in Hong Kong under Knowledge Atlas Technology, surged by 48 per cent intraday after it announced the open-source release of…
Some may feel a lump in their throats as they watch Hong Kong’s first astronaut, Lai Ka-ying, make history, but few see it as anything more than an inspirational story for our youth. In reality, space, which can feel lofty and far away to pragmatic Hongkongers, could hold the key to our city’s economic future….
As news spread on Wednesday that Hong Kong banks were tightening scrutiny on mainland Chinese clients opening savings and investment accounts, Zhe Ye – an auctioneer based in the southwestern province of Yunnan – was stunned. The former asset appraiser had been planning a trip to Hong Kong to open an account, hoping to buy…
Good morning. Fortune’s newest Most Powerful Women list is out and there are some familiar tech faces on it, including AMD’s Lisa Su, Alphabet’s Ruth Porat, Huawei’s Meng Wanzhou, and Anthropic’s Daniela Amodei. Among this year’s notably ascendant? Meta’s new president Dina Powell McCormick, who leaps 19 spots to No. 58. As colleague Ellie Austin…