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TLDR Q1 2026 revenue reached $2.8 million, representing a 300% year-over-year surge from $700,000 and surpassing the $1.1 million consensus estimate. Net loss expanded to $20.6 million (equivalent to 28 cents per share), compared with $12.2 million (22 cents per share) in the year-ago quarter. Shares declined 4.3% to $14.48 during Friday’s premarket session, significantly below the May 1 closing peak of $36.12. Cash reserves jumped to $272.5 million from $16.2 million, boosted by SPAC merger proceeds that included a $275 million private placement. Canaccord Genuity maintained its Buy recommendation with a $45 target, describing current price levels as an attractive buying opportunity. Following its March 27 public debut via a business combination with Crane Harbor Acquisition Corp., Xanadu Quantum Technologies (XNDU) has released its inaugural earnings report as a publicly traded entity. The results presented a contrasting picture, and investors responded swiftly in early Fri...

Key Highlights Partnership with Dongfeng secures electric vehicle manufacturing for Peugeot and Jeep brands beginning 2027. Pre-market trading shows STLA declining despite strategic China expansion announcement. Wuhan-based production facility will serve both Chinese domestic and international export markets. Agreement provides Stellantis enhanced access to China’s growing electric vehicle sector. Combined investment exceeds $1 billion for new electric Peugeot and Jeep vehicle development. Stellantis unveiled a significant manufacturing alliance with Dongfeng Group as shares declined in early pre-market trading. This strategic partnership centers on electric vehicle production for both Peugeot and Jeep brands at Wuhan facilities beginning 2027. The collaboration represents a major step in the automaker’s push into China’s competitive electric vehicle landscape. Strategic Alliance Builds on Decades of Cooperation The automotive giant and Dongfeng Group formalized a strategic...

TLDR: Bitwise’s $BHYP ETF offers 100% direct spot HYPE exposure using in-house staking, not third-party providers. Hyperliquid controls roughly 60% of global onchain perpetual DEX open interest as of May 13, 2026. The fund carries a 0.00% expense ratio for the first month, then shifts to 0.34% for investors thereafter. $BHYP is not registered under the 1940 Act, meaning it lacks standard mutual fund protections for investors Bitwise Hyperliquid ETF, trading under the ticker $BHYP, has officially entered the market. It offers investors 100% direct exposure to spot HYPE. Unlike similar products, $BHYP uses in-house staking instead of a third-party staking provider. The fund began trading on May 15, 2026. Bitwise positions this ETF as a low-cost entry point into Hyperliquid, a platform the firm views as central to the future of onchain capital markets. Hyperliquid’s Growing Role in Global On-Chain Trading Bitwise took to X on May 14, 2026, to announce the ETF and explain i...

TLDR The Senate Banking Committee advanced the Clarity Act in a 15-9 vote with two Democrats joining Republicans. The bill would split crypto oversight between the SEC and the CFTC and set rules for exchanges and brokers. Lawmakers rejected several Democratic amendments related to sanctions, ethics, and anti-money laundering measures. A DeFi safe harbor amendment passed 18-6 after support from a bloc of Democrats and Republicans. The Clarity Act will merge with the Agriculture Committee version before heading to the full Senate. The Senate Banking Committee approved the Digital Asset Market Clarity Act in a 15-9 vote on Thursday. Sens. Ruben Gallego and Angela Alsobrooks joined 13 Republicans to move the bill forward. The measure now heads toward a merger with the Senate Agriculture Committee text before a floor vote. Clarity Act Clears Committee With Bipartisan Support Lawmakers advanced the Clarity Act after months of cross-party negotiations and revisions. Chair Tim Sco...

Key Highlights First-quarter revenue reaches $186.7M as LUNR stock gains momentum on record backlog Contract backlog surges to unprecedented $1.1B following major NASA awards and acquisitions Lanteris acquisition drives substantial revenue expansion and space infrastructure capabilities Company maintains full-year revenue projection between $900M and $1B for 2026 Positive Adjusted EBITDA of $2.7M marks significant profitability milestone for space firm Shares of Intuitive Machines attracted investor interest following a robust first-quarter performance that saw revenue expand nearly threefold while the contract backlog climbed to an all-time high. LUNR stock traded at $36.43, representing a gain of $0.75 or 2.10% during the session. The upward movement came on the heels of impressive revenue figures, favorable profitability metrics, and significant contract awards. Intuitive Machines, Inc., LUNR The lunar and space infrastructure enterprise delivered $186.7 million...

Key Highlights MOBX stock soars following strategic rare earth supply chain acquisition announcement Shares climb 88% as company unveils plan to enter critical minerals sector Defense infrastructure expansion drives investor enthusiasm for MOBX today Strategic Project Delivery acquisition positions company in national security space Rare earth materials focus aligns with U.S. defense priorities and supply chain goals Shares of Mobix Labs (MOBX) experienced a dramatic rally following the company’s announcement of a strategic acquisition targeting rare earth supply chains. The stock climbed 88.79% to close at $3.2850, with intraday trading pushing prices close to the $4.00 mark. This explosive movement came after Mobix revealed a non-binding agreement to purchase Special Project Delivery LLC. Mobix Labs, Inc., MOBX Strategic Entry Into Critical Materials Sector Mobix Labs announced that acquiring SPD would broaden its portfolio beyond existing defense technology of...