Option chain shows key data for X1 Entertainment Group Inc's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for X1 Entertainment Group Inc.

X1 Entertainment Group Inc (OTC:XOEEF) Stock, Option Chain

X1 Entertainment Group Inc

BMO Capital analyst Keith Bachman upgrades Atlassian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) from Market Perform to Outperform and raises the price target from $255 to $292.

News

Upgrades

Price Target

Analyst Ratings

TEAM

BMO Capital Upgrades Atlassian to Outperform, Raises Price Target to $292

EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has hiked the price of all variants of its cheapest offering, the Model 3 in China by 3,600 yuan (about $491).
What Happened: The base variant of the Model 3 now starts at 235,500 yuan in China, up from 231,900 yuan. 
While the long-range all-wheel drive variant now starts at 275,500 yuan, the performance variant starts at 339,500 yuan. 
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Model 3 Variant</td>
<td>New Starting Price</td>
<td>Old Starting Price</td>
</tr>
<tr>
<td>Rear-Wheel Drive</td>
<td>235,500</td>
<td>231,900</td>
</tr>
<tr>
<td>Long Range All-Wheel Drive</td>
<td>275,500</td>
<td>271,900</td>
</tr>
<tr>
<td>Performance</td>
<td>339,500</td>
<td>&nbsp;335,900</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Tesla (All amounts in yuan)</figcaption></figure>
The estimated wait time for all three variants continues to be 1-3 weeks. 
Why It Matters: Tesla also launched a refreshed Model Y in China on Thursday. The refreshed vehicle starts at <a href="https://www.benzinga.com/tech/25/01/42905406/tesla-launches-refreshed-model-y-in-china-amid-rising-competition">263,500 yuan on Tesla's website</a>, nearly 5.4% pricier than the older version of the vehicle which started at 249,900 yuan.&nbsp;
China is an important market for Tesla. In 2024, the company reportedly&nbsp;<a href="https://www.benzinga.com/25/01/42782683/tesla-hits-record-ev-sales-in-china-despite-global-dip" target="_blank" rel="noreferrer noopener">sold around 657,000 vehicles in China</a>, marking a growth of 8.8% year-on-year, even while its global annual deliveries fell as compared to 2023.
Tesla reported global <a href="https://www.benzinga.com/trading-ideas/movers/25/01/42766117/tesla-stock-tumbles-on-q4-deliveries-whats-going-on" target="_blank" rel="noreferrer noopener">deliveries of 1.79 million</a> vehicles in 2024, down from full-year deliveries of 1.81 million in 2023, marking the first decline in over a decade.
Check out more of Benzinga'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:
<ul>
<li><a href="https://www.benzinga.com/25/01/42906684/blue-origin-pushes-new-glenn-launch-to-no-earlier-than-sunday">Jeff Bezos&#8217; Blue Origin Pushes New Glenn Launch To No Earlier Than Sunday Due To Adverse Weather Conditions</a></li>
</ul>
Photo courtesy: Tesla

Tech

TSLA

Tesla Model 3 Prices Rise In China As Refreshed Model Y Debuts

BMO Capital analyst Michael Zaremski upgrades Everest Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EG#NYSE">EG</a>) from Market Perform to Outperform and raises the price target from $372 to $453.

BMO Capital Upgrades Everest Group to Outperform, Raises Price Target to $453

Macro Economic Events

Econ #s

Economics

France Consumer Spending (MoM) For November 0.3% Vs. 0.1% Est.; -0.3% (Revised) Prior

BMO Capital analyst Kostas Biliouris upgrades Precision BioSciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTIL#NASDAQ">DTIL</a>) from Market Perform to Outperform and maintains the price target from $34 to $34.

DTIL

BMO Capital Upgrades Precision BioSciences to Outperform, Maintains Price Target to $34

Baird analyst Jon Vruwink downgrades Q2 Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QTWO#NYSE">QTWO</a>) from Outperform to Neutral and raises the price target from $89 to $99.

Downgrades

QTWO

Baird Downgrades Q2 Holdings to Neutral, Raises Price Target to $99

Shares of Zoomcar Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) rose sharply in today's pre-market trading after the company announced a significant achievement in its financial performance, reporting the highest-ever unaudited and unreviewed contribution profit for <a href="https://www.benzinga.com/25/01/42894964/zoomcar-achieves-highest-ever-december-profit-driven-by-17-increase-in-bookings">December 2024</a>.
The company achieved $494,506 in contribution profit for the month, which was sufficient to cover its operational costs in India. It is to be noted that Zoomcar currently only operates in India and does not incur operational costs in any other country.
Zoomcar Holdings shares jumped 40.5% to $2.50 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>Vision Marine Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) gained 102% to $3.07 in pre-market trading after the company partnered with Calip Group to produce advanced cooling plates for electric boat batteries.</li>
<li>Bridger Aerospace Group Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAER#NASDAQ">BAER</a>) gained 56.3% to $4.36 in pre-market trading after surging 12% on Wednesday.</li>
<li>Mars Acquisition Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAI#NASDAQ">STAI</a>) rose 44.5% to $3.15 in pre-market trading after the company announced it sees a growth path after its successful de-SPAC transaction.</li>
<li>Microvast Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVST#NASDAQ">MVST</a>) rose 35.3% to $2.53 in pre-market trading after the company announced breakthrough in true all-solid-state battery technology.</li>
<li>Senseonics Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SENS#NYSE">SENS</a>) gained 29.6% to $0.56 in pre-market trading after the company announced business updates including preliminary 2024 results, 365 launch update and cancellation of special meeting.</li>
<li>Precision BioSciences Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTIL#NASDAQ">DTIL</a>) gained 27.3% to $5.73 in pre-market trading after the company's partner iECURE has reported clinical efficacy and safety data in the first patient dosed with ECUR-506 in the phase 1/2 OTC-HOPE study.</li>
<li>Intrusion Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTZ#NASDAQ">INTZ</a>) gained 25% to $2.50 in pre-market trading after falling 23% on Wednesday.</li>
<li>Penguin Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENG#NASDAQ">PENG</a>) gained 15.8% to $22.15 in pre-market trading after the company signed AI data center collaboration agreement with SK Telecom and SK hynix.</li>
<li>Sasol Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSL#NYSE">SSL</a>) gained 12.2% to $4.96 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>IGM Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IGMS#NASDAQ">IGMS</a>) fell 66.3% to $2.09 in pre-market trading as the company halted further development of Imvotamab and IGM-2644 and plans reducing its workforce by 73%.</li>
<li>Calidi Biotherapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLDI#NASDAQ">CLDI</a>) fell 31.1% to $0.93 in today's pre-market trading after announcing a proposed public offering.</li>
<li>Mercury General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) fell 30.1% to $42.42 in pre-market trading after declining around 6% on Wednesday.</li>
<li>22nd Century Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) shares fell 29.1% to $5.75 in pre-market trading after surging over 40% on Wednesday.</li>
<li>Aviat Networks Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVNW#NASDAQ">AVNW</a>) fell 25.5% to $14.00 in pre-market trading.</li>
<li>Silo Pharma Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SILO#NASDAQ">SILO</a>) dipped 22.2% to $1.33 in pre-market trading. Silo Pharma shares jumped 57% on Wednesday after the company announced it was awarded a US patent for its PTSD treatment titled &#8216;Pharmacological Prophylactics Against Stress-Induced Affective Disorders in Females.&#8217;</li>
<li>CURRENC Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURR#NASDAQ">CURR</a>) shares fell 21.6% to $3.07 in pre-market trading after jumping 182% on Wednesday.</li>
<li>European Wax Center Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWCZ#NASDAQ">EWCZ</a>) shares tumbled 20.4% to $5.10 in pre-market trading.</li>
<li>Vinci Partners Investments Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINP#NASDAQ">VINP</a>) shares dipped 15.5% to $8.10 in pre-market trading.</li>
<li>ZIM Integrated Shipping Services Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) declined 7.4% to $19.16  in pre-market trading.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42900074/how-to-earn-500-a-month-from-synovus-financial-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Synovus Financial Stock Ahead Of Q4 Earnings</a></li>
</ul>

Pre-Market Outlook

Markets

Movers

Trading Ideas

AVNW

BAER

CLDI

CURE PHARMA HLDG CORP by CURE Pharmaceutical Holding Corp.

CURR

EWCZ

IGMS

INTZ

MVST

Penguin Solutions, Inc. - Ordinary Shares

PENG

SENS

SILO

STAI

VINP

VMAR

XXII

ZCAR

Why Zoomcar Shares Are Trading Higher By Over 40%; Here Are 20 Stocks Moving Premarket

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) continues to &#8220;reshape modern warfare&#8221; despite recent market volatility, with shares down 10.51% year-to-date after surging over 306% in the past year, according to co-founder Joe Lonsdale.
What Happened: &#8220;It&#8217;s great to see Palantir being recognized as an extremely valuable company,&#8221; Lonsdale said during a CNBC <a href="https://www.youtube.com/watch?v=RBAGWBQNogU">appearance</a> on Thursday, highlighting the company&#8217;s $155 billion market capitalization that now exceeds traditional defense contractor Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>).
The data analytics giant&#8217;s rapid growth gained even more momentum after President-elect Donald Trump&#8216;s victory, with shares soaring more than 50% from the election to year-end.
CEO Alex Karp emphasized the <a href="https://www.benzinga.com/markets/equities/24/12/42356725/alex-karp-supports-doge-as-trump-taps-palantirs-shyam-shankar-for-border-security-role-cannot-have-a-better-person-than-musk">company&#8217;s military applications</a>, stating, &#8220;We&#8217;ve managed our model in AI so that it actually delivers value — on the battlefield, to bring soldiers home, to kill enemies, or commercially, to change margins.&#8221;
This transformation from a data organization platform to an AI powerhouse nearly didn&#8217;t happen. Lonsdale revealed on the Shawn Ryan show that Palantir &#8220;came really close to dying&#8221; in its early years before <a href="https://www.benzinga.com/markets/equities/24/12/42570755/joe-lonsdale-reveals-palantirs-close-to-dying-moment-credits-alex-karp-for-securing-key-contracts-with-fbi-and-cia">Karp secured crucial FBI and CIA contracts</a>. &#8220;A few of our top guys were basically ready to quit,&#8221; he recalled, highlighting the company&#8217;s dramatic turnaround.
See Also: <a href="https://www.benzinga.com/news/25/01/42905013/nvidia-slams-bidens-country-specific-chip-rules-legacy-that-will-be-criticized">Nvidia Slams Biden&#8217;s Country-Specific Chip Rules: &#8216;Legacy That Will Be Criticized&#8217;</a>
Wedbush Securities analyst Dan Ives remains bullish, <a href="https://www.benzinga.com/markets/equities/24/12/42696805/palantir-touted-as-next-oracle-by-dan-ives-here-is-why-the-wedbush-analyst-called-the-company-a-table-pounder">predicting 2025 will mark a breakthrough year</a> for Palantir&#8217;s AI platform. The company&#8217;s expanding influence is further evidenced by its recent partnership with Amazon Web Services to provide Anthropic&#8217;s Claude AI models to U.S. intelligence agencies.
Why It Matters: While 44% of Palantir&#8217;s revenue still comes from government contracts, Lonsdale emphasized that the majority of growth now stems from commercial applications. 
This diversification, coupled with the company&#8217;s technological edge over traditional defense contractors, positions Palantir at the forefront of both military modernization and commercial AI deployment despite recent market fluctuations.
&#8220;There&#8217;s a growing recognition worldwide of the need for cutting-edge defense solutions,&#8221; Lonsdale said. &#8220;Interestingly, modest reductions in defense budgets can benefit newer, innovative defense firms. Legacy contractors often operate with inefficiencies that make their solutions far more expensive.&#8221;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42906684/blue-origin-pushes-new-glenn-launch-to-no-earlier-than-sunday">Jeff Bezos&#8217; Blue Origin Pushes New Glenn Launch To No Earlier Than Sunday Due To Adverse Weather Conditions</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

PLTR

Palantir Co-Founder Joe Lonsdale Touts Lead Over Traditional Contractors Amid Stock Dip: Analyst Says 2025 To Be A Breakthrough Year

Amid the ongoing devastation caused by wildfires in Los Angeles, Warren Buffett&#8216;s Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), the nation&#8217;s largest property and casualty insurer, is expected to experience minimal financial impact, while other insurers face significant exposure due to its substantial presence in California&#8217;s homeowners insurance market.
What Happened: Berkshire Hathaway&nbsp;is not a major player in the California homeowners insurance market, hence the impact of the wildfires is expected to be minimal. However, other insurers like&nbsp;Mercury General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>),&nbsp;Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>),&nbsp;Chubb Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), and&nbsp;Travelers Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>)&nbsp;could face substantial losses, Barron&#8217;s <a href="https://www.barrons.com/amp/articles/berkshire-hathaway-los-angeles-fire-losses-8e0e5591">reported </a>on Friday.
J.P. Morgan analyst Jimmy Bhullar&nbsp;noted on Thursday that insured losses from the fires might surpass $20 billion, setting a new record for wildfire losses in California. 
Mercury General, heavily reliant on California for its premiums, could be the most vulnerable relative to its size. The company wrote over $700 million in homeowners insurance&nbsp;premiums in the state during&nbsp;the first nine months of&nbsp;2024. Mercury&#8217;s stock fell 6.5% on Wednesday, reflecting investor concerns about its exposure to the fires.
Meanwhile,&nbsp;Berkshire Hathaway could see losses of about $600 million, a minor fraction of its insurance capital. The company might benefit from potential increases in insurance pricing following the fires.
Why It Matters: The ongoing wildfires in Los Angeles have <a href="https://www.benzinga.com/25/01/42899028/la-wildfire-damages-estimated-above-52-billion-california-property-insurance-crisis">caused extensive damage</a>, with estimates suggesting total damages could exceed $52 billion, according to&nbsp;Accuweather. More than 2,000 structures have been damaged or destroyed, with further destruction anticipated as red flag warnings persist.
The fires have ignited concerns among investors regarding the stability of <a href="https://www.benzinga.com/markets/equities/25/01/42906089/california-wildfires-ignite-concerns-for-insurance-stocks-here-are-some-insurance-etfs-which-could-be-impacted">California-based insurance stocks</a> and ETFs. The Eaton and Palisades fires alone have ravaged over 10,000 structures, leading to 10 confirmed fire-related deaths. As the crisis unfolds, insurers like&nbsp;Allstate&nbsp;and&nbsp;Travelers&nbsp;are under scrutiny, given their significant roles in the California market. The California FAIR Plan, a state-backed insurer of last resort, is also heavily involved in insuring homes in the affected areas.
Price Action: As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, on Friday during pre-market hours, Berkshire Hathaway was showing minimal upward movement by 0.022% while Chubb had dropped by 3.60%, Travelers Company was down by 4.85% while Allstate fell by 6.15%. 
Read Also: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/01/42906229/dow-surges-over-100-points-following-fed-minutes-investor-sentiment-declines-greed-index-remains-in-fear-zone">Dow Surges Over 100 Points Following Fed Minutes: Investor Sentiment Declines, Greed Index Remains In &#8216;Fear&#8217; Zone</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.
Representative Image via Wikimedia Commons

General

Warren Buffett's Berkshire Hathaway To Have Minimal Impact From LA Wildfires, But Insurers Like Mercury General, Chubb Face Higher Risk

Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) disclosed an agreement with NASA to include its Neutron rocket under the existing Venture-Class Acquisition of <a href="https://www.benzinga.com/pressreleases/25/01/b42902495/rocket-lab-selected-by-nasa-to-provide-neutron-launch-services-under-vadr-launch-contract" target="_blank" rel="noreferrer noopener">Dedicated and Rideshare contract</a>.
The Neutron, Rocket Lab&#8217;s reusable medium-lift launch vehicle, will enable the company to expand its capabilities by supporting a variety of missions, including CubeSats, Class D missions, and other payload types across multiple orbits.
Neutron is engineered to offer both commercial and government clients a dependable launch solution, with the capacity to deliver up to 13,000 kg to low Earth orbit.
The rocket is specifically suited for deploying satellite constellations, supporting national security missions, and carrying science and exploration payloads.
Beyond customer missions, Neutron plays a critical role in Rocket Lab&#8217;s long-term strategy to become a fully integrated space company, capable of building, launching, and managing its own satellite constellations while providing space-based services.
Rocket Lab has already delivered several VADR missions with its Electron rocket, demonstrating rapid launch turnarounds.
Notably, the company executed consecutive launches for NASA&#8217;s PREFIRE mission within a two-week span and completed back-to-back launches in May 2023 for the TROPICS mission.
Yesterday, the company successfully completed the Preliminary Design Review for the $515 million Space Development Agency contract, advancing design of 18 satellites for U.S. <a target="_blank" href="https://www.benzinga.com/25/01/42900671/rocket-lab-completes-pdr-for-515m-sda-satellite-contract" rel="noreferrer noopener">defense communications and missile tracking</a>.
Investors can gain exposure to the stock via&nbsp;ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>) and ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>).
Price Action: RKLB shares are up 4.71% at $28.65 premarket at the last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/space/25/01/42859212/rocket-lab-surge-sparks-renewed-interest-in-space-focused-etfs-3-funds-in-focus" target="_blank" rel="noreferrer noopener">Rocket Lab Surge Sparks Renewed Interest In Space-Focused ETFs: 3 Funds In Focus</a></li>
</ul>

Large Cap

Contracts

ARKQ

ARKX

RKLB

Rocket Lab Expands NASA Partnership With Neutron Under VADR Contract

GLXG

Galaxy Payroll Group Says It Has Gained Worldwide Recognition For Its Professional Services And Innovative Solutions

Roth MKM analyst Boobalan Pachaiyappan initiates coverage on Reviva Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVPH#NASDAQ">RVPH</a>) with a Buy rating and announces Price Target of $7.

Initiation

RVPH

Roth MKM Initiates Coverage On Reviva Pharmaceuticals with Buy Rating, Announces Price Target of $7

Truist Securities analyst Asthika Goonewardene initiates coverage on BioNTech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>) with a Buy rating and announces Price Target of $172.

BNTX

Truist Securities Initiates Coverage On BioNTech with Buy Rating, Announces Price Target of $172

Goldman Sachs analyst Toshiya Hari downgrades Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) from Buy to Neutral and lowers the price target from $175 to $129.

Goldman Sachs Downgrades Advanced Micro Devices to Neutral, Lowers Price Target to $129

Goldman Sachs analyst Toshiya Hari upgrades NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) from Neutral to Buy and lowers the price target from $260 to $257.

NXPI

Goldman Sachs Upgrades NXP Semiconductors to Buy, Lowers Price Target to $257

BMO Capital analyst Etzer Darout downgrades IGM Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IGMS#NASDAQ">IGMS</a>) from Outperform to Market Perform and lowers the price target from $21 to $2.

BMO Capital Downgrades IGM Biosciences to Market Perform, Lowers Price Target to $2

Jeff Bezos‘&nbsp;Blue Origin&nbsp;said on Thursday that the company has postponed the first launch of its New Glenn rocket to orbit to no earlier than Jan. 12.
What Happened: Blue Origin was previously looking to launch New Glenn on Friday. The company on Thursday said that they have pushed the date due to a high sea state in the Atlantic where it hopes to land the vehicle&#8217;s booster. 
The three-hour launch window on Sunday will now open at 1 a.m. EST.
The key objective for the mission is to reach orbit safely. The company is also looking to land the booster of the vehicle in the Atlantic Ocean after launch. The company said in a statement that the booster landing is "ambitious but we are going for it"
&#8220;This is our first flight and we&#8217;ve prepared rigorously for it,&#8221; said&nbsp;Jarrett Jones, SVP, New Glenn. &#8220;But no amount of ground testing or mission simulations is a replacement for flying this rocket. It&#8217;s time to fly. No matter what happens, we&#8217;ll learn, refine, and apply that knowledge to our next launch.&#8221;
Why It Matters:&nbsp;The Federal Aviation Administration (FAA) authorized the first launch of Blue Origin&#8217;s&nbsp;<a href="https://www.benzinga.com/news/24/09/40868010/jeff-bezos-blue-origin-names-new-glenn-1s-first-booster-so-youre-telling-me-theres-a-chance-heres-wh" target="_blank" rel="noreferrer noopener">New Glenn vehicle</a>&nbsp;in late December. The commercial space launch license,&nbsp;<a href="https://www.benzinga.com/24/12/42712726/jeff-bezos-blue-origin-gets-license-from-faa-for-new-glenn-maiden-launch" target="_blank" rel="noreferrer noopener">valid for five years</a>, allows Blue Origin to conduct orbital missions from the Cape Canaveral Space Force Station in Florida with the New Glenn.
New Glenn is a reusable heavy-lift rocket named after&nbsp;John Glenn, the first American to orbit Earth. The development of the vehicle, expected to compete with SpaceX&#8217;s Falcon launch vehicle, has been delayed for years.
New Glenn, unlike Blue Origin&#8217;s New Shepard vehicle, can reach the Earth&#8217;s orbit and beyond.&nbsp;<a href="https://www.benzinga.com/news/24/05/38909990/90-year-old-breaks-record-as-oldest-astronaut-with-blue-origins-launch" target="_blank" rel="noreferrer noopener">New Shepard</a>, meanwhile, can only reach the edge of space.
New Glenn&#8217;s first launch will mark the rocket's first National Security Space Launch certification flight. It will carry the company's Blue Ring Pathfinder – developed by&nbsp;<a href="https://www.benzinga.com/news/24/05/38909990/90-year-old-breaks-record-as-oldest-astronaut-with-blue-origins-launch" target="_blank" rel="noreferrer noopener">Blue Origin's</a>&nbsp;In-Space Systems business unit – as a payload.
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:
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/42905406/tesla-launches-refreshed-model-y-in-china-amid-rising-competition">Tesla Launches Refreshed Model Y In China Amid Rising Competition</a></li>
</ul>
Photo courtesy: Blue Origin

SPACE

Jeff Bezos' Blue Origin Pushes New Glenn Launch To No Earlier Than Sunday Due To Adverse Weather Conditions

Anthony Scaramucci, CEO of investment firm SkyBridge Capital, discussed his take-profit strategy for cryptocurrencies on Thursday, stating that he will not sell his Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) but rather target altcoins such as Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) in the long run.
What happened: During an interview with the Altcoin Daily, the popular cryptocurrency advocate was asked about signals he looks for before deciding to offload some of his holdings.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="The Bitcoin Crash Today Is A &#039;Massive&#039; Distraction &#x7C; Anthony Scaramucci" width="500" height="281" src="https://www.youtube.com/embed/Jr4cvvPyUo8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
"I think the market will mature around Bitcoin and there will be Bitcoin lending and there will be Bitcoin earning that is similar to the banking industry," Scaramucci responded.
He deemed Bitcoin as a form of hard currency, or cash, around which markets will mature, and hence he won't sell his Bitcoin anytime soon.
Scaramucci revealed that a little over 55% of his net wealth is tied up in Bitcoin.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42890745/us-government-granted-permission-to-liquidate-65-billion-in-bitcoin-seized-from-silk-road-case-report">US Government Silk Road Bitcoin Holdings Drop To 0 Amid Report DOJ Approved To Sell $6.5 Billion Worth Of Crypto</a>
As far as altcoins were concerned, Scaramucci confessed that he has set price targets, but they are very high.
He set a goal of $2,500 for Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), the sixth-largest cryptocurrency by market capitalization.&nbsp;
"I don&#8217;t see that happening today, but I see that over five or eight years," the former White House Communications Director stated.
Scaramucci added that he has also staked Solana for long-term returns.&nbsp;
Why It Matters: A passionate Bitcoin advocate, Scaramucci expected the apex cryptocurrency t<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42024635/scaramucci-trumps-crypto-support-could-push-bitcoin-to-150k">o surge to $150,000</a> should the regulatory environment turn favorable under the incoming Donald Trump administration.
Moreover, he has defended MicroStrategy&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42638902/scaramucci-defends-microstrategys-bitcoin-strategy-predicts-long-term-crypto-growth">leveraged Bitcoin buying strategy</a>, arguing that the narrative that Bitcoin drops will force the company to liquidate its stash is exaggerated.
Scaramucci also revealed <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40973470/anthony-scaramucci-discloses-holding-a-lot-of-solana-backs-the-ethereum-killer-network-to-">owning "a lot of" Solana</a> previously.
Price Action: At the time of writing, Bitcoin was exchanging hands at $94,638.92, up 1.87% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Solana was trading at $191.99, up 1.29% in the 24-hour period.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/01/42890191/trump-themed-nfts-launch-on-bitcoin-network-for-first-timeheres-what-you-should-know">Trump-Themed NFTs Debut On Bitcoin Network — One Card Gets Listed At $1.9 Million</a></li>
</ul>
Photo courtesy: Shutterstock

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

Cryptocurrency

$BTC

$SOL

Anthony Scaramucci Was Asked About His Profit-Taking Strategy On Bitcoin, Altcoins: Here's What He Said

<a href="https://x.com/mingchikuo/status/1877566021445497084" title="https://x.com/mingchikuo/status/1877566021445497084">https://x.com/mingchikuo/status/1877566021445497084</a>
<a href="https://x.com/mingchikuo/status/1877566021445497084" title="https://x.com/mingchikuo/status/1877566021445497084">https://x.com/mingchikuo/status/1877566021445497084</a>

Analyst Ming-Chi Kuo On X Earlier Said Even With Revamped Model Y, Tesla's Production In Q125 Is Expected To Drop By 10% QoQ, 5% YoY Due To Global Economy, Seasonality; Production Visibility For More Affordable New Model May Not Enter Mass Production In 2025

Piper Sandler analyst Arvind Ramnani reiterates Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) with a Overweight and maintains $765 price target.

Comments

X1 Entertainment Group Inc

X1 Entertainment Group Inc (XOEEF) Options

No option chain data available. Please try again later

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga