Good morning, you're tuned in to Markets Desk.
Anthropic is watching the SpaceX playbook closely as it eyes a public offering, and investors would do well to pay attention. Space Exploration Technologies saw its valuation swing by more than one trillion dollars during its early days as a publicly traded company, a cautionary tale about the gap between private hype and public market reality. Anthropic faces similar expectations pressure.
Shifting to space infrastructure, Rocket Lab is making a compelling case that its story runs deeper than its stock price suggests. The company is carrying a two point three six billion dollar backlog, posted record revenue, and is in contention for a nearly four hundred million dollar Space Force contract, all before its Neutron rocket has ever left the ground. That is a business building ahead of its headline product.
On the insider activity front, a director at Casella Waste, Michael Burke, sold one thousand one hundred shares in a transaction valued at one hundred and five thousand dollars. Insider sales at this scale are worth noting but not alarming on their own, context around vesting schedules and position size matters before drawing conclusions about management conviction.
That's the tape. Markets Desk, signing off the floor.
