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U.S. natural gas futures fell about 4% after the EIA reported a larger-than-expected storage build and Freeport LNG said its export facility maintenance entered.

2026-07-09

U.S. natural gas futures fell about 4% after the EIA reported a larger-than-expected storage build and Freeport LNG said its export facility maintenance entered.

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2026-07-09

After being added to the Nasdaq-100 on July 7, SpaceX shares plunged about 35% from their recent peak to below $147 the following day, nearly wiping out IPO gains. The company’s market cap is about $1.9 trillion while 2025 revenue is roughly $18.7 bi

After being added to the Nasdaq-100 on July 7, SpaceX shares plunged about 35% from their recent peak to below $147 the following day, nearly wiping out IPO gains. The company’s market cap is about $1.9 trillion while 2025 revenue is roughly $18.7 billion, implying a valuation near 100x 2025 sales. Starlink accounts for more than $11 billion of 2025 revenue, roughly 60% of the total, but SpaceX remains loss-making: a $4.9 billion loss in 2025 and a $4.3 billion loss in Q1 2026, alongside continued heavy capex for Starship and investments in xAI. Current prices already price in sustained Starlink growth, Starship progress and AI returns; any setback in those drivers would pose downside risk. Despite the pullback, the stock is still expensive and lacks a margin of safety given multibillion-dollar losses; the recommended approach is to wait for Starlink to demonstrate profits that exceed ongoing spending.
2026-07-09

Axios reports the U.S. military is conducting strikes against Iran.

Axios reports the U.S. military is conducting strikes against Iran.
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