SPCX Stock Slips Overnight: Musk Sees AI Driving 99% Of SpaceX’s Value, Ally Antonio Gracias Unveils Valor Stake

A 10x capacity expansion to 10 gigawatts could generate $300 billion to $500 billion annually, Musk estimated. Musk expects Starlink to eventually carry over 90% of global internet traffic and grow to 100,000 satellites. Antonio Gracias disclosed 503.4 million SpaceX shares, representing 6.5% of Class A stock, through Valor-related entities. Shares of SpaceX (SPCX) slipped … Read more

Petrol, Diesel Prices Today, August 12: Check Latest Rates in Delhi, Mumbai, Bengaluru & More

On August 12, petrol and diesel prices in major Indian cities were unchanged. This stability occurred despite rising global crude oil prices, with Brent crude nearing $90 per barrel due to uncertainty over the Strait of Hormuz. Petrol and diesel prices remained unchanged across major Indian cities on Wednesday, August 12, while global crude oil … Read more

Assam: 123 cartons of illicit Meghalaya liquor seized in major bust

Assam Excise officials seized 123 cartons of illicit Meghalaya-made liquor and beer at the Sonapur Toll Plaza. The major crackdown on a cross-border smuggling syndicate prevented significant revenue loss for the state. An investigation is underway. Assam Excise Department recovered and seized 123 cartons of Indian Made Foreign Liquor (IMFL) and beer in a major … Read more

Telangana: 6 killed, 6 injured in auto-truck collision in Sangareddy

Six people were killed and six others injured after an auto-rickshaw collided with a truck in Telangana’s Sangareddy district. In a separate accident, a retired Army jawan was killed in a hit-and-run in Rangareddy district. 6 Killed in Sangareddy Auto-Truck Collision Six people were killed, and six others were left injured after an auto-rickshaw collided … Read more

S&P500, Nasdaq, Dow Futures Rangebound As Investors Await Key Inflation Data To Judge Rate Hike Possibilities — ORCL, AAPL, NVDA, CURLF In Focus

Investors await the July consumer price index that’s due at 8:30 a.m. ET on Wednesday. The S&P 500 ended 0.3% lower, while the Nasdaq 100 slipped 0.3% and the Dow Jones Industrial Average fell 0.3%. US crude settled near $83 after Iran reiterated that it would keep the Strait of Hormuz shut until its demands … Read more

USAR Stock Tumbles 7% Overnight On Q2 Revenue Miss: Why Are Retail Traders Loading Up On It?

Despite USA Rare Earth’s second-quarter revenue miss, strong cash reserves, government funding, and expansion plans stoked optimism. USA Rare Earth’s Q2 revenue of $5.8 million missed $13.3 million Street’s view.  The company held $1.53 billion in cash, secured up to $1.6 billion in CHIPS Act support, and is pursuing a $2.8 billion Serra Verde acquisition.  … Read more