Streetbeat News

Partnerships

RKLB

Rocket Lab USA, Inc. (RKLB) announced the launch window for its 45th Electron mission, 'Owl Night Long,' scheduled to begin on March 10th. This mission, Rocket Lab's fourth for Synspective, will deploy the StriX-3 Earth-imaging satellite from New Zealand. Synspective, utilizing SAR technology for its satellite constellation, aims to expand its data services and enhance its analytics platform. This launch marks Rocket Lab's third Electron mission in 2024, continuing its exclusive partnership with Synspective.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:40 pm

RKLB

TRIN

Trinity Capital Inc. (TRIN) has committed $120 million in equipment financing to Rocket Lab USA, Inc. (RKLB), a leading space launch and satellite technology provider. This financing will support Rocket Lab's expansion plans, including additional manufacturing capacity and R&D, following a $515 million contract with the Space Development Agency. Trinity's CEO, Kyle Brown, emphasized the partnership's role in advancing space innovation, while Rocket Lab's CFO, Adam Spice, highlighted the financing's contribution to scaling their launch and space systems businesses.

Portfolio Pulse from Happy Mohamed

February 20, 2024 | 9:29 pm

ITA

PPA

XAR

SpaceX, led by Elon Musk, is expanding its role as a major defense contractor with a $1.8 billion classified contract with the U.S. government, alongside other contracts for national security purposes. Its involvement with military and intelligence agencies, including the Pentagon and the National Reconnaissance Office, highlights its growing importance in U.S. national security. Despite being a private company, SpaceX's valuation and activities have implications for Aerospace and Defense ETFs like ITA, PPA, and XAR.

Portfolio Pulse from Natan Ponieman

February 20, 2024 | 8:38 pm

DIS

FOX

FUBO

WBD

FuboTV has initiated legal action to prevent ESPN, Warner, and Fox Sports from launching a joint streaming service, as reported by the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 8:03 pm

DTSS

Datasea Inc (NASDAQ:DTSS) shares dropped 19% to $7.35 after announcing a joint venture, Datasea Yiyun Digital Technology Co., Ltd., with Shenzhen Yiyun Technology Co., Ltd. in China. The venture aims to enhance their 5G multimodal communications presence by integrating AI and leveraging their technological strengths. Datasea holds a 66% equity stake, and Yiyun Technology 34%. The collaboration is expected to offer competitive advantages in technology, customer acquisition, and pricing strategies within China's 5G sector.

Portfolio Pulse from Henry Khederian

February 20, 2024 | 7:43 pm

ARM

NVDA

SSNLF

Samsung Electronics Co (OTC:SSNLF) and Arm Holdings Plc (NASDAQ:ARM) have announced a collaboration to develop the next-generation Arm Cortex-X CPU using Samsung's Gate-All-Around process technology. This partnership aims to drive innovations in the semiconductor industry, focusing on a 2-nanometer AI chipset for mobile computing and data centers. Meanwhile, Nvidia Corp (NASDAQ:NVDA) increased its stake in Arm Holdings, which has seen its shares surge by 119% over the past quarter following its IPO.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 6:08 pm

BMR

Beamr Imaging Ltd. (NASDAQ:BMR) announced the launch of Beamr Cloud Video Software as a Service, aimed at optimizing video processing at scale. The service, showcased on Amazon AWS, offers up to 50% savings compared to traditional methods and includes features like codec modernization and AI-specific workflows. Beamr's CEO, Sharon Carmel, highlighted the service's efficiency, quality, and scalability, positioning it as a game-changer in the rapidly growing video processing industry.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:42 pm

CCI

Crown Castle Inc. (CCI) has rejected a slate of directors nominated by Ted Miller's Boots Capital for its Board, focusing instead on a CEO search and a strategic review of its fiber business. The company has made significant progress, including appointing three new independent directors and initiating a comprehensive review of its fiber operations with the help of top advisors. CCI's Board will present its formal recommendation for the election of directors at the 2024 Annual Meeting of Stockholders scheduled for May 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:40 pm

GFS

INTC

Intel Corp (NASDAQ:INTC) stock rose amid discussions with the U.S. government to secure a record sum under the U.S. Chips Act, aiming to enhance its position in the AI market. The company could receive over $10 billion in loans and grants. Intel is also expanding its manufacturing capabilities, including a significant investment in a new plant in Ireland and a partnership with Brookfield Infrastructure in Arizona. However, analysts predict a first-quarter sales miss due to various challenges. Meanwhile, GlobalFoundries Inc (NASDAQ:GFS) secured $1.5 billion in grants under the same act.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 5:37 pm

SYBX

Synlogic, Inc. (NASDAQ:SYBX) has adopted a limited duration shareholder rights plan and authorized a dividend distribution of one right for each outstanding share of common stock, effective immediately with a one-year duration, expiring on February 20, 2025. The plan is a response to unsolicited share accumulation by an investor, aiming to protect stockholders and ensure fair value in case of control changes. The rights become exercisable if an entity acquires 15% or more of Synlogic's stock without Board approval. Synlogic has also engaged Ladenburg Thalmann & Co. Inc. as a financial advisor to explore strategic options to maximize shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:18 pm