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SOC News3 articles
Sable Offshore Shares Plunge 48% on Dilution Fears From $100M Stock Sale
Sable Offshore shares tumbled 48.5% as its $100 million stock sale could nearly double dilution due to the lower share price, part of a broader refinancing package.
Space Stocks Shed $89 Billion as Chinese Reusable Rocket Test Rattles Sector
A basket of space stocks dropped 5.9% on Monday, erasing $89 billion in market value, as China's reusable rocket test and rising oil prices fueled investor concerns.
China's Reusable Rocket Milestone Fuels $3.3 Billion Rally in Satellite Stocks
Shares of China Spacesat and China Satellite Communications hit daily limits after China's first rocket stage recovery, adding $3.3 billion in combined market value.