Latest news for Kraken Robotics (OTC:KRKNF) Stock

Kraken Robotics Inc is a Canadian company that supplies sonar and optical sensors, batteries, and underwater robotics equipment and services for military and commercial applications. It operates in the business segments of Products which is the design, manufacture, and sale of equipment including underwater vehicle platforms, Synthetic Aperture Sonar, and subsea power equipment; and Services which is the provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platforms. It generates the majority of its revenue from the Products segment.

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Nokia Has Been Awarded A Multi-year, Multi-billion USD Extension Deal By Bharti Airtel To Deploy 4G And 5G Equipment Across Key Indian Cities And States

Shares of Keysight Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) rose sharply in today's pre-market trading reported <a href="https://www.benzinga.com/news/earnings/24/11/42075636/keysight-technologies-stock-jumps-on-q4-earnings-revenue-beat-eps-beat-confidence-in-our-ability-to-outperform">better-than-expected earnings for its fourth quarter.</a>
Keysight reported quarterly earnings of $1.65 per share which beat the analyst consensus estimate of $1.57. The company reported quarterly sales of $1.287 billion which beat the analyst consensus estimate of $1.258 billion.
The company said it sees first-quarter revenue of $1.265 billion to $1.285 billion and adjusted earnings of $1.65 to $1.71 per share.
Keysight shares jumped 9.3% to $166.20 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Tonix Pharmaceuticals Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNXP#NASDAQ">TNXP</a>) gained 63.6% to $0.2663 in pre-market trading after jumping 22% on Tuesday.</li>
<li>Nauticus Robotics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) rose 59.3% to $1.45 in pre-market trading after the company entered into strategic collaboration with SeaTrepid to integrate and test its ToolKITT software on remotely operated vehicles.</li>
<li>Tevogen Bio Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>) gained 41.2% to $1.92 in pre-market trading following third-quarter results.</li>
<li>Digital Brands Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) gained 30.7% to $0.1524 in pre-market trading after jumping around 18% on Tuesday.</li>
<li>JX Luxventure Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JXJT#NASDAQ">JXJT</a>) gained 26.2% to $1.64 in pre-market trading after declining around 12% on Tuesday.</li>
<li>KORE Group Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KORE#NYSE">KORE</a>) gained 25.1% to $2.29 in pre-market trading after the company reported better-than-expected quarterly sales results.</li>
<li>Algorhythm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) gained 23.4% to $0.3150 in pre-market trading after reporting third-quarter results.</li>
<li>Hoth Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOTH#NASDAQ">HOTH</a>) climbed 22.2% to $0.9993 in pre-market trading after the company was granted U.S. Patent No. 12,144,815 titled &#8220;Use of Aprepitant for Treating Alzheimer&#8217;s Disease.&#8221;</li>
<li>Kingsoft Cloud Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) gained 20.8% to $5.55 in pre-market trading. Kingsoft Cloud, on Tuesday, reported a fiscal third-quarter 2024 revenue of 1.89 billion Chinese yuan ($268.7 million), up by 16.0% year-on-year, beating the analyst consensus estimate of $247.46 million.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>PainReform Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFX#NASDAQ">PRFX</a>) shares tumbled 26.4% to $1.03 in pre-market trading after jumping 162% on Tuesday. The company announced a 1-for-4 reverse stock split.</li>
<li>X3 Holdings Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) fell 27.4% to $0.1050 in pre-market trading. XTKG announced a 1-for-20 share consolidation.</li>
<li>Solidion Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) shares fell 21.2% to $0.5003 in pre-market trading following third-quarter results.</li>
<li>Volato Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#NYSE">SOAR</a>) declined 16.7% to $0.3912 in pre-market trading after jumping 123% on Tuesday. Volato Group, on Monday, reported a year-over-year increase in third-quarter financial results.</li>
<li>HCW Biologics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCWB#NASDAQ">HCWB</a>) shares fell 16.6% to $0.9180 in pre-market trading after dipping 11% on Tuesday. The company announced a $6.9 million direct offering and private placement.</li>
<li>Powell Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) dipped 15.4% to $264.00 in pre-market trading after the company reported worse-than-expected fourth-quarter revenue results.</li>
<li>Destiny Tech100 Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXYZ#NASDAQ">DXYZ</a>) shares dipped 13.4% to $39.18 in pre-market trading after jumping 24% on Tuesday.</li>
<li>Workhorse Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>) fell 13.1% to $1.06 in pre-market trading after posting quarterly results.</li>
<li>Silvercorp Metals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SVM#NYSE">SVM</a>) fell 11.3% to $3.59 in pre-market trading after the company announced a $130 million convertible senior notes offering.</li>
<li>QuidelOrtho Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QDEL#NASDAQ">QDEL</a>) fell 6.7% to $36.01 in today's pre-market trading after the company announced the pricing of secondary offering of common stock by the Carlyle Group.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/24/11/42069785/wall-streets-most-accurate-analysts-weigh-in-on-3-defensive-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Defensive Stocks With Over 5% Dividend Yields</a></li>
</ul>

Pre-Market Outlook

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KEYS

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Why Keysight Technologies Shares Are Trading Higher By Over 9%; Here Are 20 Stocks Moving Premarket

So-Young Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SY#NASDAQ">SY</a>) reported quarterly earnings of $0.03 per share. This is a 200 percent increase over earnings of $0.01 per share from the same period last year. The company reported $52.98 million in sales this quarter. This is a 0.33 percent increase over sales of $52.81 million the same period last year.

Earnings

So-Young Intl Q3 EPS $0.03 Up From $0.01 YoY, Sales $52.98M Up From $52.81M YoY

MicroStrategy Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) is making headlines as its stock climbs in pre-market trading, driven by Bitcoin&#8217;s impressive rally. The company&#8217;s market value has now outstripped the combined worth of the world&#8217;s two largest gold mining companies.
MicroStrategy saw its shares rise by 3.36% as <a href="https://www.benzinga.com/24/11/42079312/bitcoin-dogecoin-gain-ethereum-drops-as-blackrocks-etf-options-volume-breaches-1b-on-debut-analyst-flags-opportunity-to-buy-eth-before-it-outperforms-btc">Bitcoin&#8217;s price exceeded $93,000</a>. According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, the company has now surpassed the market value of the two largest gold mining firms globally, Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) and Barrick Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>).
The market capitalization of&nbsp;MicroStrategy&nbsp;stands at $96.732 billion, significantly higher than&nbsp;Newmont&#8217;s&nbsp;$49.16 billion and&nbsp;Barrick Gold&#8217;s&nbsp;$31.11 billion. This valuation boost follows the <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42066712/microstrategy-stock-continues-to-climb-whats-going-on-2">company&#8217;s recent acquisition</a> of 51,780 Bitcoin, valued at $4.6 billion, completed&nbsp;between Nov. 11 and Nov.17.
Peter Schiff commented on the feat by MicroStrategy on Wednesday, &#8220;I wonder how much longer it will take before MSTR&#8217;s market cap exceeds the capitalization of the entire gold mining industry!&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is insane. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSTR</a>&#39;s market capitalization now exceeds the combined market caps of <a href="https://twitter.com/search?q=%24NEM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NEM</a> and <a href="https://twitter.com/search?q=%24GOLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOLD</a>, the two largest gold mining companies in the world. I wonder how much longer it will take before MSTR&#39;s market cap exceeds the capitalization of the entire gold mining industry!
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1858954216816918560?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42053687/peter-schiff-pokes-fun-at-microstrategys-bitcoin-buying-spree-michael-saylor-is-gonna-need-a-bigger-plan?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Pokes Fun Of MicroStrategy&#8217;s Bitcoin Purchase: &#8216;Michael Saylor Is Gonna Need A Bigger Plan&#8217;</a>
Led by co-founder and chairman&nbsp;Michael Saylor,&nbsp;MicroStrategy&nbsp;has pivoted its strategy towards Bitcoin since 2020, viewing it as a hedge&nbsp;against inflation. 
Meanwhile, Goldman Sachs has given a &#8220;go for gold&#8221; as a <a href="https://www.benzinga.com/markets/commodities/24/11/42036300/go-for-gold-says-goldman-sachs-precious-yellow-metal-price-would-rise-in-2025-amid-central-bank-buying-fed-rate-cuts">leading commodity trade</a> for 2025, with prices expected to reach $3,000 per ounce by December 2025.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/42053406/bitcoin-ethereum-dogecoin-rise-amid-tesla-fueled-tech-stocks-rally-popular-analyst-says-btc-could-reach-138k-before-major-pullback?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Rise Amid Tesla-Fueled Tech Stocks Rally: Popular Analyst Says BTC Could Reac</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo by JOCA_PH on Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

General

GOLD

MSTR

MSTR Rises 3% In Wednesday Pre-Market: Michael Saylor's Company Is Now Worth More Than The Combined Market Caps Of World's Two Largest Gold Mining Companies

Yiren Digital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YRD#NYSE">YRD</a>) reported quarterly earnings of $0.57 per share. This is a 32.51 percent decrease over earnings of $0.85 per share from the same period last year. The company reported $210.77 million in sales this quarter. This is a 17.32 percent increase over sales of $179.66 million the same period last year.

Yiren Digital Q3 EPS $0.57 Down From $0.85 YoY, Sales $210.77M Up From $179.66M YoY

Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) lucrative agreement to pay Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) over <a href="https://www.benzinga.com/markets/equities/24/05/38573998/how-much-is-google-really-paying-apple-to-be-default-search-engine-on-iphones-unsealed-court-pap">$20 billion a year</a> to make its search engine the default on iPhones is now under threat.
What Happened: In May earlier this year, an antitrust lawsuit against Google&#8217;s parent company revealed that Apple received a massive $20 billion in 2022 to make Google the default search engine on Apple's Safari browser on iPhones.
The documents also underscore the importance of these payments to Apple's financial performance, with Google's contributions in 2020 accounting for 17.5% of the company&#8217;s operating income.
Following this, in August, a U.S. federal judge ruled that Alphabet's Google holds an <a href="https://www.benzinga.com/government/24/08/40169996/alphabet-loses-antitrust-suit-over-google-search-dominance-report">illegal monopoly</a> in the search engine market.
The U.S. Department of Justice (DOJ) now plans to propose measures to prevent these types of payments, arguing that they reinforce Google&#8217;s dominant position in the market, <a href="https://www.wsj.com/us-news/law/antitrust-enforcers-prepare-final-blitz-against-big-tech-39afe085?mod=lead_feature_below_a_pos3">according</a> to the Wall Street Journal. 
See Also: <a href="https://www.benzinga.com/news/global/24/11/42053801/alphabets-life-sciences-firm-verily-to-become-a-standalone-entity-disconnect-from-google">Alphabet&#8217;s Life Sciences Firm Verily To Become A Standalone Entity, Disconnect From Google</a>
If the judge grants the DOJ&#8217;s request, this long-standing arrangement between the two tech giants could end.
If Google is barred from making these payments, Apple might need to find new partners to fill the gap. Microsoft Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Bing or other search providers could step in, but whether they will offer similar terms remains uncertain.
While <a href="https://www.benzinga.com/news/23/09/34990297/microsoft-considered-selling-bing-to-apple-as-google-rival-but-iphone-maker-remained-skeptical">Bing was the default</a> search engine for Siri and Spotlight from 2013 to 2017, Apple later switched back to Google.
Microsoft launched Bing in 2009 to directly compete with Google. However, despite its efforts, Google <a href="https://www.benzinga.com/news/23/04/31823704/is-bing-the-new-google-samsung-devices-could-ditch-google-search-for-microsoft-bing">remains the dominant player</a>.
A previous Bloomberg report has also suggested that the DOJ&#8217;s plan highlighted the proposal to force <a href="https://www.benzinga.com/news/legal/24/11/42053249/google-could-lose-chrome-browser-in-dojs-latest-antitrust-move">Google to divest its</a> Chrome browser.
Why It Matters: Though the ruling could be a setback for Google, it's far from final.&nbsp;
Google has already indicated that it will appeal the decision, and the outcome could change depending on future legal developments.
Earlier, Google&#8217;s vice president of regulatory affairs, Lee-Anne Mulholland told <a href="https://pro.benzinga.com/dashboard">Benzinga</a>, "The government putting its thumb on the scale in these ways would harm consumers, developers, and American technological leadership at precisely the moment it is most needed."
Previously, Alphabet CEO Sundar Pichai also stated during the company&#8217;s third-quarter earnings call that the DOJ&#8217;s proposals could result in &#8220;<a href="https://www.benzinga.com/news/24/10/41616230/sundar-pichai-admits-doj-proposals-could-have-unintended-consequences-google-mapping-out-plan-b-in-c">unintended consequences</a>.&#8221;
As the DOJ&#8217;s final proposed remedies draw nearer on Nov. 20, JPMorgan analyst Doug Anmuth anticipates potential headline risk but believes it could provide much-needed clarity.
He continues to have an <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42036010/alphabet-on-trial-doj-remedies-loom-but-analyst-sees-20-upside-as-discount-to-meta-narrows">Overweight rating on GOOGL</a> stock, with a price target of $212, indicating a 20% upside from its current price.
Price Action: On Tuesday, Alphabet&#8217;s Class A shares rose by 1.61%, closing at $178.12, while Class C shares increased by 1.57%, finishing at $179.58. In Wednesday&#8217;s pre-market session, Class A shares gained 0.06% to $178.22, and Class C shares edged up by 0.03% to $179.63, as of the latest update, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>.
Apple shares rose by 0.11% on Tuesday, ending the day at $228.28. However, in Wednesday&#8217;s pre-market session, the stock declined by 0.21%, reaching $227.79 at the time of writing.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42025223/legendary-investor-rob-arnott-says-stock-market-looks-and-feels-like-the-year-2000-as-wall-street-rallies-after-trumps-win-likely-to-see-a-bear-market?itm_source=parsely-api">Legendary Investor Rob Arnott Says Stock Market ‘Looks And Feels Like The Year 2000' As Wall Street Rallies After Trump's Win: ‘…Likely To See A Bear Market'</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Equities

Legal

Tech

AAPL

GOOG

GOOGL

MSFT

Apple Stares At Multi-Billion Dollar Hit Amid Google's Antitrust Ruling: Here's What Investors Should Know

Wipro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WIT#NYSE">WIT</a>, BSE: 507685, NSE: WIPRO)), a leading technology services and consulting company and Lineaje, today announced a collaboration to help enterprises secure the open
-source components within their software applications. Recently, Wipro's corporate investment arm Wipro Ventures invested in Lineaje, a US based software supply chain security company.
Wipro will leverage Lineaje's Open Source Manager and SBOM360 Hub to empower enterprises with a comprehensive service to continuously identify and neutralize critical open source
vulnerabilities within software they source, build, and use

Wipro, Lineaje Collaborate To Boost Enterprise Software Supply Chain Security

KKR Announced That In Connection With Its Two-stage Tender Offer Scheme For The Common Shares And Share Options Of Fuji Soft Incorporated Through Fk Co., Ltd. It Has Commenced Its Second Tender Offer, Which Will Run Until December 19, 2024

Redburn Atlantic analyst Peter Low upgrades Equinor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQNR#NYSE">EQNR</a>) from Neutral to Buy.

Upgrades

Analyst Ratings

EQNR

Redburn Atlantic Upgrades Equinor to Buy

This forecast reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change.

Guidance

Canaan Expects Q4 Total Revenues To Be Approximately $80M, Est $82.652M

Canaan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) reported quarterly losses of $(0.27) per share which missed the analyst consensus estimate of $(0.05) by 440 percent. The company reported quarterly sales of $73.61 million which beat the analyst consensus estimate of $72.84 million by 1.05 percent. This is a 120.92 percent increase over sales of $33.32 million the same period last year.

Earnings Beats

Earnings Misses

Canaan Q3 2024 GAAP EPADS $(0.27) Misses $(0.05) Estimate, Sales $73.61M Beat $72.84M Estimate

RBC Capital analyst Scott Hanold downgrades Northern Oil &amp; Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) from Outperform to Sector Perform and raises the price target from $43 to $45.

Downgrades

Price Target

RBC Capital Downgrades Northern Oil & Gas to Sector Perform, Raises Price Target to $45

Macquarie analyst Ellie Jiang maintains Trip.com Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) with a Outperform and raises the price target from $75.4 to $80.8.

TCOM

Macquarie Maintains Outperform on Trip.com Group, Raises Price Target to $80.8

Canaan agreed that the proceeds from the sale of the Series A-1 Preferred Shares will be used by the Company and/or its subsidiaries to manufacture or invest in digital mining sites and equipment to be deployed or sold in North America, including any acquisition or disposition of assets from or between subsidiaries.&nbsp;

Offerings

Canaan Enters Securities Purchase Agreement With An Institutional Investor; To Issue And Sell To  Buyer Up To 30,000 Series A-1 Preferred Shares

SpaceX's Starlink revealed that it&nbsp;enabled real-time views of Earth&nbsp;during the <a href="https://www.benzinga.com/general/space/24/11/42079270/elon-musk-hails-starships-milestone-splashdown-as-trump-watches-one-more-ocean-landing-before-spacex-attempt-to-catch-the-ship-with-the-tower">sixth flight test</a> of Starship.
What Happened: Starlink, the satellite internet segment of SpaceX, announced via a tweet that it had&nbsp;enabled real-time views of Earth&nbsp;during the sixth flight test of Starship.
This comes as SpaceX continues to increase its launch cadence, with 17 launches in the last 31 days, including the launch of 24 Starlink satellites to low-Earth orbit from Florida.
"Starlink enabled real-time views of Earth during Starship's sixth flight test earlier today," the Elon Musk-owned satellite internet service provider said in a post on X.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Starlink enabled real-time views of Earth during Starship's sixth flight test earlier today <a href="https://t.co/snXnMvOLEM">https://t.co/snXnMvOLEM</a>
&mdash; Starlink (@Starlink) <a href="https://twitter.com/Starlink/status/1859016772118343786?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
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Starlink operates a constellation of satellites around the world to offer internet connectivity to its <a href="https://www.benzinga.com/news/24/09/41061483/spacexs-starlink-now-connects-4m-customers-with-more-than-6k-operational-satellites-adds-a-million-u">more than four million subscribers</a>. Musk recently said that Starlink is SpaceX's primary source of funding for the Starship program, with contributions from NASA, too.
"Starlink is how we are paying for humanity to get to Mars. That's why there is a Hohmann transfer orbit diagram on the Starlink router."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Starlink is how we are paying for humanity to get to Mars. That's why there is a Hohmann transfer orbit diagram on the Starlink router. <a href="https://t.co/JacNKHTvOK">https://t.co/JacNKHTvOK</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1858764380340387884?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
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</figure>
With Starlink demonstrating the capability of live streaming during re-entry and landing, its capabilities could eventually be leveraged to offer connectivity on future space missions.
See Also: <a href="https://www.benzinga.com/markets/equities/24/11/42081589/tesla-electric-offers-unlimited-overnight-charging-for-just-5-a-month-as-ev-giant-races-toward-500k-sales-target">Tesla Electric Offers Unlimited Overnight Charging For Just $5 A Month As EV Giant Races Toward 500K Sales Target</a>
Starship, a rocket designed to transport astronauts to the moon and Mars, successfully launched from SpaceX&#8217;s Texas rocket development site, with the first stage booster, Super Heavy, detaching at an altitude of about 40 miles.
While SpaceX is currently a privately held company, investors can leverage Destiny Tech100 Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXYZ#NYSE">DXYZ</a>) to participate in the Musk-led space company's growth. According to data from <a href="http://pro.benzinga.com">Benzinga Pro</a>, DXYZ has gained over 198% in the past 6 months. 
Why It Matters: The successful launch and the real-time views enabled by Starlink are significant milestones for SpaceX. The company's CEO, Musk, has been vocal about his <a href="https://www.benzinga.com/general/space/24/11/42079270/elon-musk-hails-starships-milestone-splashdown-as-trump-watches-one-more-ocean-landing-before-spacex-attempt-to-catch-the-ship-with-the-tower">vision for space exploration</a> and colonization, and Starship plays a crucial role in this vision.
Gwynne Shotwell, COO of SpaceX, recently stated that Starlink is <a href="https://www.benzinga.com/general/space/24/11/42033393/spacexs-gwynne-shotwell-sees-starlink-becoming-profitable-in-2024-bets-on-starship-making-it-one-of-the-most-valuable-companies-amid-reports-of-tender-offer-valuing-it-over-250b">expected to become profitable</a> in 2024. With over 7,000 Starlink satellites launched to date, the company is building 50-60 satellites per week as it expands its network in low-earth orbit.
Moreover,&nbsp;NASA has endorsed the <a href="https://www.benzinga.com/news/24/10/41622928/nasa-endorses-initial-deployment-of-400-starlink-satellites-closer-to-earth-will-conduct-study-to-ga">initial deployment</a> of 400 Starlink satellites closer to Earth and is conducting a study to assess the impact of this deployment on travel to and from the International Space Station (ISS.)
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/general/space/24/11/42082169/elon-musk-predicts-tesla-cybertrucks-optimus-robots-will-be-aboard-spacex-starships-to-mars-in-2-years">Elon Musk Predicts Tesla Cybertrucks, Optimus Robots Will Be Aboard SpaceX Starships To Mars In 2 Years</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

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HIVE

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