SpaceX received investment-grade ratings with stable outlooks from Moody’s, Fitch and S&P, reflecting confidence in its financial stability and its space and Starlink-related businesses. S&P said the company’s AI segment carries uncertainty because of high capital needs and intense competition. SpaceX’s valuation has climbed past $2 trillion, but its Nasdaq-listed shares pulled back after an early surge, closing down nearly 4% on Thursday and falling another 1.1% in extended trading.

Alamos Gold cut its second-quarter 2026 production guidance to 130,000–135,000 ounces, a 12% reduction from the prior midpoint, after seismic events damaged access to higher-grade stopes at its Young-Davidson mine and a storm-triggered power outage halted operations for three days. The company said it now expects full-year consolidated production to come in below the low end of its 2026 guidance range, with costs above its prior outlook. It plans to release second-quarter results in late July, alongside updated full-year guidance. Island Gold is performing in line with plan but is not expected to fully offset the impact from Young-Davidson.

SpaceX shares extended their pullback as the initial wave of IPO buying cooled and traders began focusing on a larger supply of stock expected later. The stock fell 3.57% on Thursday after dropping 5% on Wednesday. The move ended a volatile run that had quickly lifted the company into the top tier of global market values after its listing.

Direxion Daily Semiconductor Bull 3X Shares (SOXL) triggered TradePulse’s “Power Inflow” buy signal early in the session, based on order-flow data from the first two hours that showed concentrated buying, according to TradePulse. The signal was issued with SOXL quoted at $271.91. The ETF later rose by nearly 4%. The signal is intended as a short-term trading reference and is not investment advice.

SpaceX shares have extended a second-week pullback after the company’s IPO, with the stock at $183, about 12% below a recent high. Shares were priced at $135 and opened at $150, rising more than 19% on the first day before giving way to profit-taking and broader macro pressure. Investors’ risk appetite has been constrained after the Federal Reserve held rates steady while signaling a tighter stance, alongside concerns over a high valuation tied to Q1 revenue of 4.7 billion and limited tradable shares. Expectations around a bond refinancing have also added to near-term volatility.

California is in talks with attorneys at Milbank LLP about helping lead a potential multistate antitrust lawsuit challenging Paramount Skydance’s (PSKY) proposed $110B acquisition of Warner Bros. Discovery (WBD). The move signals a material escalation in regulatory resistance, raising uncertainty over whether the deal can win approval at both the U.S. Justice Department and state levels. As the direct deal targets, PSKY and WBD could face pressure from a shrinking merger premium, higher financing costs and softer expectations for integration.

The Federal Reserve released a revised Basel III proposal on March 19, 2024 that would lower core capital requirements for large banks by about 4.8% by reducing risk weights and freeing up capital. The proposal has completed a 90-day public comment period that ended June 18. With no major industry backlash, the rules are expected to be finalized soon. The change would directly improve capital efficiency and high-yield lending capacity for systemically important banks such as JPMorgan, Goldman Sachs and Morgan Stanley, creating a fundamental catalyst for related stocks.

Meta Platforms is lobbying the U.S. Congress to add a liability shield to the Kids Online Safety Act (KOSA) that would protect it from state-level lawsuits over online harms to minors. If adopted, the provision could weaken thousands of pending claims against Meta and Google’s YouTube, which together were hit with $6 million in damages after losing the first jury trial earlier this year. The bill has shown no clear path to passage, but the push underscores how urgently major platforms are seeking regulatory clarity and reduced legal exposure.