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Original headline: CoreWeave, TSMC, FMC, Rocket Lab, Schwab, and More Stocks That Explain Today’s Market
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- Rocket Lab Just Booked Its Biggest Contract Ever (Again)
Rocket Lab received an order from Japanese customer Synspective for 20 more Electron launches, announced September 30, bringing Synspective's total to 47 launches and making it Rocket Lab's largest customer. The company calls this its largest-ever Electron deal, excluding the 20 HASTE launches. Rocket Lab did not disclose pricing, but at its most recently advertised price of $8.4 million per launch, the 20 launches would generate about $168 million between 2028 and 2031. The deal pushes the company's backlog beyond 100 missions, or more than $840 million in future revenue. The article notes that Neutron's first launch has been postponed to 2027, and argues Rocket Lab could turn profitable in 2027 thanks to the pending Iridium purchase, with or without Neutron.
- Rocket Lab Drops 6% as Citizens Cuts Target Over Neutron Delay; Planet Labs Slides 5%, SpaceX Slips
Rocket Lab shares fell 6% to $51.97 in afternoon trading after the company said the first launch of its Neutron rocket would slip from the fourth quarter of 2026 into next year. Citizens cut its price target but kept an Outperform rating, saying the delay mainly affects how quickly Rocket Lab can earn revenue from later Neutron launches. Planet Labs fell 5% and SpaceX dropped 2%, while the Procure Space ETF was down 0.9%. Rocket Lab posted Q2 revenue of $234.1 million, up 62% year over year, and a record backlog of $2.36 billion. The timing of its positive free cash flow remains tied to Neutron's first successful test launch, so the delay could push that window further out.
- Rocket Lab Tumbles on Yet Another Neutron Delay. Time to Bail?
Rocket Lab pushed the first launch of its Neutron rocket into 2027, sending shares down 6.6% to $55.25 after they had fallen as much as 16% early in the session. CEO Peter Beck cited voids in the carbon-composite forward propellant dome, with replacement and testing running through Q1 2027. Meanwhile, second-quarter revenue reached $234.07 million, up 62%, and backlog rose 137% to $2.36 billion, driven by an $816 million Space Development Agency award. Clear Street cut its target to $105 from $129 and TD Cowen cut to $90 from $120, saying the slip pushes growth and profitability out. Free cash flow was -$321.8 million in 2025, and the company raised $1.53 billion through stock sales in the first half of 2026.
- Rocket Lab's Neutron Won't Launch Until 2027. Is the Stock a Buy 65% Below Its Record?
Rocket Lab now expects its Neutron rocket's first launch in 2027, not the fourth quarter of 2026 as previously targeted. CEO Sir Peter Beck said an inspection found voids in the carbon composite of a newly built forward dome for the first-stage propellant tank, so the company is building a replacement with a reworked process. No new launch date will be set until the first stage passes testing, which is expected within the first quarter of 2027. Meanwhile, second-quarter revenue rose 62% year over year to a record $234 million, with space systems up 94%. However, the company still posted an adjusted EBITDA loss of $8.8 million and negative free cash flow of $110 million in the quarter. The author argues the stock, about 65% below its May record close, still looks too expensive at roughly 35 times sales until Neutron has a launch date.
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Latest news
- Why Meta's Q3 earnings could be a little hard to interpret
Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.
- Zerohash rolls out a new tool to move crypto without copying wallet addresses
Zerohash launched AUTH, a service that lets users move crypto, stablecoins and blockchain-based stock tokens between linked exchange accounts or self-custody wallets without copying wallet addresses or choosing a blockchain network. To transfer, users pick an account in an app that offers AUTH, sign in and approve the move, while the service handles routing and settlement and each app sets which assets and transfer types it allows. AUTH supports more than 600 connections, including Coinbase, Robinhood, Gemini, MetaMask and Phantom, with Coinbase, Robinhood and Gemini live and Kraken in beta. The launch comes as Zerohash's application for a national trust bank charter, returned by the Office of the Comptroller of the Currency in July, remains pending after a narrower refiling on Aug. 18.
- 2 charts show why Wall Street is right to worry about tech stocks
Rising cost of capital could affect the financial statements of hyperscalers such as Oracle (ORCL) and Google (GOOG, GOOGL) in 2027, as they need fresh debt to fund AI infrastructure and free cash flow may turn negative. JPMorgan strategist Mislav Matejka forecasts hyperscaler free cash flow will turn negative in 2027, implying credit markets will drive more of the AI build-out. Consensus estimates for 2027 capital expenditures are already rising from levels experts believe are too low. Morgan Stanley sees total 2027 capex among hyperscalers reaching $1.6 trillion, up from $978 billion estimated for this year. Dan Ives of Yorkville expects capex to reach the trillions and over 1,000 datacenters to be built in the next few years.
- Update on loan rate cuts as of the evening of Oct 19: MB, VietinBank, SHB, OCB join in
SHB, MB, VietinBank and OCB have announced loan rate cuts, following Agribank, Vietcombank, BIDV, ACB, LPBank and VietBank, with typical reductions of 1.5-2% per year. MB is cutting 1.5% per year for five priority sectors, to rates from 7.9% per year, and up to 2% in some cases; VietinBank is cutting up to 2% per year, while OCB offers up to 2.25% per year on some medium- and long-term loans for OCB Priority Banking members. SHB is cutting 1.5-2% per year for businesses and households and offers rates from 5.5% per year for lecturers and students at some universities. Vietcombank commits to cutting at least 2% through year-end, BIDV applies rates from 6% per year on short-term VND loans from 15/10/2026, and VietBank runs a VND 3,000 billion package. Specific benefits depend on borrower type, loan purpose, term and program conditions, following directives from the Government and the State Bank of Vietnam.
- Nvidia wins CPU business from Modal, previously exclusive to AMD and Intel
Modal, a San Francisco-based AI cloud startup that previously ran its AI agent workloads only on Intel and AMD processors, will begin using Nvidia's new Vera CPU. Early tests showed the Nvidia chip doubled work capacity for AI agents, and Modal plans to run it alongside Intel and AMD chips, assigning each task to the most efficient hardware, though integration requires substantial software changes. Modal recently raised $750 million in a round led by Accel at a $15.75 billion valuation and expects $1 billion in sales over the next year, with usage tripled and revenue up more than 15 times year-over-year. Nvidia projects at least $20 billion in Vera chip revenue this fiscal year in a market it estimates at about $200 billion, and says OpenAI, Anthropic, Oracle and Perplexity also plan to use the chips.
- America's EV Plans Have Died
Billions of dollars went into EV factories, dealerships and marketing after President Biden set a goal for 50% of new US car sales to be zero-emission by 2030, but EV sales have since fallen sharply. US EV sales dropped 30.7% in the first nine months of 2026, after the $7,500 tax credit expired on September 30 last year, and gas prices near $4.50 per gallon have done little to lift them. According to Kelley Blue Book, the average transaction price of a new EV was $54,754 in August, above the $50,089 average for all new cars. Ford's EV sales fell 80.2% to 6,047 in the third quarter, and it has no new EV planned until its Fathom launches next year, while Tesla holds over 50% of the market and no other major automaker has even 10%. The article says EVs could recover if gas prices reach $5 and stay there for months, but that is uncertain.
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