ROCKET LAB
Is Cathie Wood betting on the next stage of the AI boom amid Wall Street’s tech stock crash, buying SpaceX and Nvidia while selling $120 million in Broadcom stock?
Cathie Wood is buying AI stocks while Wall Street is selling them. ARK Invest purchased nearly $49 million in SpaceX and $46 million in Nvidia after Thursday’s tech sell-off wiped out more than $3 trillion in US market value. But it sold $119.7 million in Broadcom and $20 million in CoreWeave. The contrasting trades raise questions about Wood’s AI strategy.
Stocks in news: NSE, BSE, SBI, Happiest Minds, MCX, IEX and Minda Corp
The Indian stock market continues its upward momentum, with the Nifty 50 showing a robust rally and hitting significant resistance levels. Major players like NSE and SBI have posted remarkable quarterly results, illustrating their strong profitability and revenue growth. Firms such as Happiest Minds Technologies and the Multi Commodity Exchange of India contributed positively to the market's performance.
Diwali 2026: 77 stocks knock down D-St bears to deliver multibagger returns of up to 4,700% in a year
With Diwali 2026 on the horizon, 77 stocks have thrived despite market fluctuations, marking exceptional returns. Mrugesh Trading showcases an astonishing gain of 4,657%, while Axis Solution follows closely with 1,081%. Other strong performers are Sterlite Technologies and Cupid, each demonstrating impressive growth. Analysts are hopeful for a market rebound thanks to falling crude oil prices, which could positively impact sectors such as automotive, capital goods, and pharmaceuticals.
Musk and Zuckerberg officially adopt Trump’s “super intelligence” label for AI, other tech chiefs yet to follow
In a significant shift, tech giants Elon Musk and Mark Zuckerberg have embraced the term 'super intelligence' to describe AI, following a pivotal lunch with Donald Trump that resulted in a new safety standards agreement. Meanwhile, executives from Alphabet, Amazon, and Microsoft still favor the traditional AI nomenclature in their dialogues.
Elon Musk’s SpaceX loses $400 billion in market value in weeks: What’s driving SPCX stock down?
SpaceX market value crash: SpaceX has lost more than $400 billion in market value since October 6, with shares falling below $2 trillion in valuation. The sell-off follows the expiration of a major share lockup and comes amid concerns over Intel’s weak forecast, Starlink scrutiny and potential regulatory hurdles for a reported SpaceX-Tesla merger.
China's secretive Shenlong spaceplane: What the US report reveals
A newly released report by the US Defense Intelligence Agency showcases an intriguing image of China's Shenlong spaceplane operating in orbit. Notably, a second spacecraft is docked to Shenlong, prompting speculation about the spaceplane's mission and technological abilities. Concerns have been raised over China's advancing space technologies and counterspace capabilities, with whispers of potential developments in space-based weaponry that could jeopardize international satellite safety.
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Jio vs Starlink makes for a billionaire clash, but India’s satcom race is a minefield in the skies
Jio Platforms is preparing for an IPO while developing its satellite venture to connect remote areas. Reliance Jio's ambitious plan involves deploying 1,600 low-Earth-orbit satellites and 23 ground stations across India. Meanwhile, Bharti Airtel aims to compete with a satellite network of its own through partnerships. The regulatory environment remains complex as both companies navigate their plans amid recent developments.
Ahead of Market: 10 things that will decide stock market action on Thursday
Sensex and Nifty ended above pre-closing auction session levels after extreme volatility, despite an Rs 8 lakh crore market selloff. Elevated crude prices, foreign investor outflows and weak market breadth kept sentiment cautious.
SpaceX’s Falcon 9 to put 32 payloads in orbit: All you need to know about Bandwagon-5
SpaceX is targeting October 20 for the launch of its Falcon 9 rocket on the Bandwagon-5 rideshare mission, carrying 32 payloads, including cubesats, microsats and reentry vehicles. The mission will mark the booster's 19th flight, with the first stage scheduled to land on the A Shortfall of Gravitas droneship in the Atlantic Ocean.
Pitched 2 ideas to PM Modi in 90 seconds on Chennai Metro: Who is AI startup founder Tejas Sudarshan & what did he propose?
Chennai-based startup founder Tejas Parthasarathi Sudarshan pitched two artificial intelligence ideas to Prime Minister Narendra Modi during a Chennai Metro journey, getting around 90 seconds to present his proposals. The Winsen Labs founder suggested connecting students with real-world government projects and creating a unified AI-powered platform to simplify access to public services. He was among 17 startup founders shortlisted by SPI Chennai for the interaction.
India to take a leap in quantum, NM-ICPS 2.0 in works: DST Secy Waghmare
India aims to become a leader in quantum technology among Global South countries. The Centre is preparing for NM-ICPS 2.0, building on the first phase ending December 2027. Efforts include developing quantum-resilient encryption techniques for critical database systems. Research and development spending has increased significantly, with a target of reaching 2% of GDP by 2035. The government is focusing on partnerships with industries to further support technological advancements.
US Stock Market: What to led to S&P 500, Nasdaq, Dow Jones, Russell 2000 rebound after historic low despite fall of Nvidia stocks, TSMC shares?
US Stock Market today: Nvidia dipped 1.8 per cent after chip manufacturer TSMC struck a cautious note on 2027 despite reporting a sixth consecutive record quarterly profit on robust AI-driven demand.
US stocks: Dow, S&P 500 end higher as traders shift from AI to healthcare
After a rocky start, the S&P 500 experienced a resurgence, largely spurred by investments in the healthcare and consumer segments. Investors seemed to distance themselves from technology stocks, anxious about mounting debts in the AI sector. Eli Lilly and UnitedHealth rose thanks to favorable evaluations from Deutsche Bank, whereas Broadcom and Nvidia struggled.
US stocks: Nasdaq slides toward one-month low as AI selloff deepens, inflation pressures build
On Thursday, the Nasdaq index fell sharply, hitting near a near-month low amid rising concerns about how increasing interest rates might impact investments in artificial intelligence and related sectors.
India first, orbit next: Skyroot eyes $300 million dual valuation plan
Skyroot is in talks with Indian family offices to raise $150 million at a valuation of $2.3-2.5 billion, while the company is seeking to mop up the same amount from global investors such as General Catalyst, General Atlantic and Silicon Valley venture fund Benchmark at a higher valuation of up to $3 billion, the people said.
ASTS stock today falls 14%: Why AST SpaceMobile shares are down after SpaceX Spectrum Deal
ASTS stock came under pressure after SpaceX agreed to acquire Grain Management’s nationwide low-band spectrum portfolio that AST SpaceMobile had also pursued. The deal closes off one potential source of additional spectrum for ASTS. Rocket Lab and Planet Labs shares also fell, while the Procure Space ETF edged higher.
4 astronauts return to Earth after eight months in space
After spending eight months aboard the International Space Station, four astronauts have returned to Earth, a notable transition since they replaced a colleague who fell ill, making it NASA's first medical evacuation in decades. Throughout their mission, they participated in vital scientific research and commemorated American holidays in microgravity. The remaining seven astronauts continue to engage with visitors from around the world, showcasing camaraderie in their cosmic home.
Palmonas' offline push; IndiaAI's GPU crunch
Happy Thursday! Demi-fine jewellery brand Palmonas is betting on offline stores, cofounder Pallavi Mohadikar said. This and more in today’s ETtech Morning Dispatch.
Space-tech’s missing link: The skilled talent powering India’s $100 billion ambition
Space job news: India's space industry is undergoing significant changes, with an increasing presence of private startups contributing to its growth. The government anticipates a boom in the sector, estimating it will reach $100 billion by 2040. However, companies are struggling to find skilled workers with specialized expertise required for various roles. Initiatives to bridge the skills gap include the introduction of SpaceTech courses and enhancing industry-academia collaborations.
Anthropic IPO creates Wall Street frenzy but number of companies delay initial public offerings in a reality check for U.S. Stock Markets. Check full list, reasons
U.S. Stock Markets have been in frenzy over the news of Anthropic IPO. However, a list of postponed, delayed or shelved initial public offerings have sent a reality check.
TakeMe2Space to launch orbital computing satellite on SpaceX rocket
Indian space startup TakeMe2Space plans to launch what it describes as the country's first orbital computing satellite aboard a SpaceX rocket on October 1, seeking to process data in orbit rather than transmit raw information back to Earth.
Jane Street bets big on leveraged ETF swaps
Jane Street Group has entered the leveraged ETF swap market this year. They provided about $1.2 billion in swaps during the second quarter. This move increases competition in a specialized derivatives market. Clear Street and Marex Group also hold significant market shares. US leveraged ETF assets recently peaked above $200 billion.
Russia adapts a training missile to lead its ballistic onslaught of Ukraine
Russia is leveraging repurposed training missiles, namely RM48Us, to ramp up its aerial assault strategy. Comprising over half of the recent missile launches, these less precise munitions aim to exhaust Ukraine's nearly depleted stock of Patriot interceptors. By employing this tactic, Russia seeks to preserve its more accurate weapons for upcoming operations, leaving Ukraine's defenses perilously exposed.
AI-focused VC firm Activate closes maiden fund at $105 million
The investment platform comprises an $85 million early-stage fund and $20 million deployed through dedicated growth-stage vehicles. The early-stage fund closed at 125% above its original target, Vaish told ET. The fund, founded in December 2025 by Vaish and former Together Fund investor Pratyush Choudhury, has made 10 investments since its first close in December 2025.
Mid-tier VCs rewrite playbooks to chase India's deeptech bets
So far in calendar year (CY) 2026, deeptech startups have attracted $574 million across 61 deals, which is almost 84% of the $679 million raised across 94 transactions, according to Venture Intelligence data shared with ET. The CY26 data includes large rounds, like satellite imaging startup Pixxel’s $100 million funding and Skyroot’s $60 million, which made it India’s first spacetech unicorn.
In 2024, ESA flew bouncing hexapods to 256 km on a Swedish sounding rocket; six minutes of microgravity showed how complex grains collide and transfer energy
A Swedish rocket successfully launched miniature brass crosses designed for microgravity research. Scientists are investigating how these irregularly shaped particles interact and lose energy upon collision, advancing our understanding of celestial objects such as asteroids and planetary rings. The implications of this study extend to industrial applications on Earth, with preliminary results indicating that particle clusters exhibit surprising behavior in space.
In 2004, ESA grew rocket seeds on the ISS with André Kuipers; after four days, dark-grown seedlings were taller and yellow, while lit ones stayed smaller and green
A 2004 space project involving astronaut Andre Kuipers and schoolchildren explored plant growth factors. Thousands of students participated, comparing classroom results with those from the International Space Station. Plants in darkness grew tall and yellow, while those in light were greener and shorter. This experiment demonstrated light and gravity's importance for plant directional growth. The findings now inform future space missions and astronaut food production strategies.
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