Palantir Technologies Inc.Palantir beat estimates and stock rose over 10% in extended trading.
Global markets steadied on Tuesday ahead of SpaceX's first earnings report since its initial public offering, which will reveal whether Starlink profits can fund the company's growing AI and space investments. The results, due after the closing bell, will give public investors their first chance to assess the financial case behind SpaceX's $86 billion IPO valuation, which priced the company at 77 times forecast revenue. The broader U.S. earnings season continued to drive significant moves, with Palantir beating estimates and its stock rising more than 10% in extended trading. HSBC also reported a profit jump and resumed buybacks, echoing strong results from other major global banks. Later in the week, U.S. labor market data will begin with June job openings, ahead of the July employment report on Friday.
Palantir Technologies Inc.Palantir beat estimates and stock rose over 10% in extended trading.
Advanced Micro Devices Inc
Merck & Company Inc
Pfizer Inc
Space Exploration Technologies Corp. Class A Common StockFirst earnings since IPO will reveal if Starlink profits can fund AI and space investments.
HSBC Holdings PLCHSBC reported a profit jump and resumed buybacks.