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Sidus Space Q1 Revenue Surges 51%, Net Loss Narrows
Sidus Space posted Q1 revenue of $359,000, up 51% YoY, with a narrower net loss of $5.2 million. Shares rose 12%.
Alphabet Stock Pauses After Record Run Amid AI Gains
Alphabet shares edged lower on Thursday, cooling off after a record run, as profit-taking and rate worries offset strong AI and cloud results.
WHP Global Acquires Marc Jacobs from LVMH, G-III to Co-Own Brand
LVMH sells Marc Jacobs to WHP Global after 30 years; G-III Apparel Group co-owns and operates the brand. Marc Jacobs stays as creative director. Deal valued at ~$500 million.
Virgin Galactic Advances 2026 Flight Plans Amid Narrowed Loss and Cash Concerns
Virgin Galactic reported a narrower Q1 loss of $64.7M and confirmed its 2026 flight test schedule, but warned of substantial doubt about its ability to continue as a going concern.
Winklevoss Twins Infuse $100M in Bitcoin into Gemini, Stock Surges 15%
Gemini Space Station Inc. received a $100M bitcoin-backed investment from Winklevoss Capital, buying 7.1M shares at $14 each. GEMI stock rose 15% after hours.
Unusual Machines Q1 Revenue Soars 296% as Drone Supply Expansion Gains Steam
Unusual Machines posted Q1 revenue of $8.1 million, a 296% jump, and net income of $10.3 million from investment gains. Shares surged 12.8% as the firm raised $150 million and agreed to buy DroneNX for $52 million.
Microsoft Gains as AI Demand Drives Stock Higher
Microsoft shares rose 1.04% on Thursday as investors rotated into big tech, with Azure revenue up 40% and AI business run rate at $37 billion annually.
UAMY Shares Slide on Q1 Loss Despite Progress on Key Defense Contract
UAMY dropped 4% after posting an $11.3 million Q1 net loss. Revenue fell to $6.8 million as the company awaits revenue recognition from its $245 million defense contract.
Apple Retreats from $300 as OpenAI Legal Threat Looms
Apple shares slipped 0.2% to $298.21 after Reuters reported OpenAI is considering legal action over a strained partnership. The dip came despite record quarterly revenue of $111.2 billion.
Infleqtion Shares Surge on Record Quarterly Sales, Raised 2026 Forecast
Infleqtion reported record Q1 revenue of $9.5M, up 14%, and raised its 2026 revenue target to $40M. Shares rose 5% as the company launched Quantum Spectrum.