Global Food and Ingredients Inc 주식 (OTC: PEASF)

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Global Food and Ingredients Inc

This has been a bruising week for Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk, both on the personal and professional fronts, as the public spat with President Donald Trump takes a toll on the company&#8217;s stock, alongside the billionaire entrepreneur&#8217;s personal fortune.
What Happened: On Thursday, Tesla shares dropped 14.26%, wiping out $152 billion in market capitalization, marking its biggest single-day decline. This comes as the short, tumultuous friendship between Musk and Trump comes to an abrupt end, just six short months into the new administration.
Musk&#8217;s personal fortune fell in tandem, with the Bloomberg Billionaires Index reporting a $33.9 billion decline in his net worth, to $335 billion.
However, the Tesla and SpaceX CEO still remains the richest man in the world, with Mark Zuckerberg, the CEO of Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), ranking a distant second, with a net worth of $241 billion. Yet, Musk&#8217;s fortune has been subject to volatility this past year.
See Also: <a href="https://www.benzinga.com/news/25/06/45800902/the-white-house-pushes-back-with-a-mythbuster-article-saying-people-wont-literally-die-from-their-tax-bill">The White House Pushes Back With A &#8216;Mythbuster&#8217; Article Saying People Won&#8217;t &#8216;Literally Die&#8217; From Their Tax Bill</a>
The billionaire entrepreneur&#8217;s net worth, largely anchored by his 20.3% stake i<a href="https://www.sec.gov/Archives/edgar/data/1318605/000110465925042659/tm252787d2_10ka.htm">n</a> the world&#8217;s largest EV maker, followed by 42% and 33% in the privately-held SpaceX and xAI Holdings, respectively, has declined by $97.9 billion, or 22.6% year-to-date, largely the result of Musk&#8217;s growing political activism.
This rout on Thursday is the result of Musk&#8217;s criticism of Trump&#8217;s &#8220;One Big, Beautiful Bill,&#8221; with a series of posts on X. One such post <a href="https://www.benzinga.com/news/politics/25/06/45757029/elon-musk-slams-congressional-spending-bill-as-a-disgusting-abomination">early this week</a> called it &#8220;a disgusting abomination.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I'm sorry, but I just can't stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1929954109689606359?ref_src=twsrc%5Etfw">June 3, 2025</a></blockquote>
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Trump has since responded to Musk&#8217;s verbal volleys, defending the GOP&#8217;s budget reconciliation bill, while saying that Musk should have <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45805173/musk-vs-trump-tesla-suffers-record-152b-one-day-crash-as-ceo-warns-tariffs-will-cause-a-recession">voiced his opinions months ago</a>. 
&#8220;I don&#8217;t mind Elon turning against me, but he should have done so months ago,&#8221; Trump said. 
Why It Matters: Several prominent experts have backed Musk over his criticism of the &#8220;Big, Beautiful Bill,&#8221; echoing similar concerns. 
Leading economist and author of the Black Swan, Nassim Taleb has stated that whatever people think of Musk, they <a href="https://www.benzinga.com/news/politics/25/06/45795080/whatever-you-think-of-elon-musk-you-must-support-his-fight-against-the-big-beautiful-bill-says-black-swan-author-nassim-taleb">should support his stance</a> on the sweeping tax and spending bill, while stating that &#8220;The Trump budget is a lunacy, it will bankrupt America,&#8221; in a post on X.
Another economist and vocal Trump critic, Peter Schiff, <a href="https://www.benzinga.com/news/politics/25/06/45762787/peter-schiff-backs-musks-furious-attack-on-trumps-disgusting-budget-bill-slams-gop-hypocrisy-so-glad-hopefully-elon-can-persuade-trump-to-veto-it">praised Musk&#8217;s resolve</a>, saying that &#8220;I&#8217;m so glad Elon is willing to call out the hypocrisy in the Republican party. He is a man of principle.&#8221;
Price Action: Tesla shares, as discussed above, were down 14.26% on Thursday, trading at $284.70, but are up 0.80% after hours. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05221657/Screenshot-2025-06-06-at-7.46.39-AM-1024x147.png" alt="" class="wp-image-940561" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05221657/Screenshot-2025-06-06-at-7.46.39-AM-1024x147.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05221657/Screenshot-2025-06-06-at-7.46.39-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05221657/Screenshot-2025-06-06-at-7.46.39-AM-768x110.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05221657/Screenshot-2025-06-06-at-7.46.39-AM.png 1530w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Tesla fares well across the board, besides Value. It also offers a favorable price trend in the short, medium, and long term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock. 
Photo Courtesy: Frederic Legrand &#8211; COMEO on Shutterstock.com
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Equities

News

Politics

Markets

Tech

TSLA

Elon Musk Loses $34 Billion As Tesla Sheds $153 Billion Amid Feud With Trump—Here's How The Billionaire's Fortune Has Fared So Far In 2025

When one mother turned to Reddit to ask how to explain budget cuts to her children, she touched a nerve. Her <a href="https://www.reddit.com/r/budget/comments/1l0xig9/how_to_explain_cutting_expenditures_to_kids/">post</a>, shared in r/budget, quickly drew support from parents who had been there and knew the emotional balancing act of telling kids, &#8220;We can&#8217;t afford that right now,&#8221; without sparking panic.
<h2 class="wp-block-heading">Framing Reality Without Fear</h2>
The original poster, a mother of two—ages 7 and 13—explained, &#8220;We need to make some big changes in our non-essential spending and get very serious about paying off credit card debt.&#8221; She emphasized the challenge of talking to her kids about the changes, particularly her 13-year-old daughter who has &#8220;a lot of anxiety and is already concerned that we're &#8216;poor.&#8217; We are not.&#8221;
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Living in an affluent community makes the gap more visible. &#8220;She can <a href="https://www.benzinga.com/personal-finance/25/05/45482749/vincent-chan-shares-tricks-people-use-to-appear-richer-than-their-friends-youre-not-behind">see the difference</a> among her friends,&#8221; the mother added, noting they have a lower household income compared to their neighbors.
Commenters shared a wealth of ideas grounded in honesty, age-appropriate financial literacy, and a focus on building security, not fear.
<h2 class="wp-block-heading">Be Honest, But Calm</h2>
Many commenters stressed the importance of explaining the situation without transferring stress. &#8220;Kids blow things way out of proportion and usually blame themselves for everything that goes wrong,&#8221; one person wrote. &#8220;Sitting them down and explaining things on their level is super helpful and might even alleviate some anxiety.&#8221;
Another parent shared, &#8220;We told our son that we can&#8217;t buy frivolous stuff because we have debt to pay off. It used to be hard to say no, but now he says no for us.&#8221;
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
<h2 class="wp-block-heading">Turn It Into A Teachable Moment</h2>
Several Redditors recommended giving children some control in the process. &#8220;Instead of saying, we are cutting these out, tell them we have $X to spend and ask them where should it be spent?&#8221; one commenter advised. Another suggested using real money: &#8220;Breaking costs down on paper compared to our income really helped.&#8221;
Multiple people highlighted the value of free entertainment. &#8220;We have library cards now!&#8221; one commenter offered, noting many libraries offer movies, TV shows and audiobooks. Others suggested family picnics, hikes, and game nights to replace more costly outings.
One dad described how they handled the conversation with their own children: &#8220;We just let them know that while we might spend less on fun items, we were committed to ensuring they did have some fun excursions&#8230; The cost of that though, was our food choices might be limited (cutting back on extravagant items at the grocery store) and maybe we could turn that into a positive by finding recipes for snacks they can help prep in advance.&#8221;
See Also: The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?
<h2 class="wp-block-heading">Perspective Over Panic</h2>
Parent after parent emphasized that kids don't need every financial detail, but they do benefit from understanding the <a href="https://www.benzinga.com/personal-finance/25/02/43472841/people-first-then-money-then-things-suze-ormans-6-secrets-to-success">difference between wants and needs</a>. &#8220;My father used to assure us we would always have enough money for everything we really need, but sometimes not enough for the things we want,&#8221; one person recalled.
As for the original poster, she thanked everyone in an edit, writing, &#8220;I really appreciate it, and hope this thread is also helpful to other families in the same position.&#8221;
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<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>
<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
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Image: Shutterstock

Personal Finance

A Mother Asks, 'How Do You Explain Cutting Back To Kids?' Her Teenage Daughter Is Already Anxious And Afraid They're 'Poor'

"The 10X Rule" author Grant Cardone has helped many people start successful businesses and build wealth with real estate. He's started several companies, but he wasn't born into wealth. Although he hasn&#8217;t been shy about showing off his wealth for several years, he is a rags-to-riches story, and he just shared a <a href="https://x.com/GrantCardone/status/1928522076320575511">big secret to building massive wealth</a>.
"Plan for 10 times greater income, profits, and net worth than you need," Cardone explained.
You can apply this advice to any area of your life, whether it's your career, finances, relationships, or another category. Here's how you can use Cardone's lesson to build wealth.
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<h2 class="wp-block-heading">Set Higher Goals</h2>
No matter how ambitious you are, you might not be setting high enough goals. It's why Cardone advocates for 10X goals instead of 10% goals. Cardone will encourage someone who's earning $100,000 per year to figure out how they can earn $1 million per year instead of aspiring to earn $110,000 per year.
Ambitious goals offer more motivation. People work harder if the reward is justified, while a small 10% salary increase may not prompt the same level of effort and focus. Setting higher goals also ties into building a nest egg that is 10X higher than what you think you need. If you think a $2 million nest egg is enough, aim for a $20 million nest egg. That's Cardone's mentality.
Even if you don't end up with a $20 million nest egg, setting that as a target can help you exceed a $2 million nest egg. Setting ambitious goals will also make you think more carefully about how you spend your time and who you choose to spend time with.
Trending: <a href="https://www.benzinga.com/money/this-ai-imaging-technology-has-been-used-in-more-than-500-surgeries-now-you-can-be-part-of-the-ai-imaging-revolution">Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</a>
<h2 class="wp-block-heading">It's Free To Raise Your Goals</h2>
Cardone points out in his X post that you don't have to spend any money to set higher goals. You just have to change some numbers in your goal, such as your annual income or nest egg. You can also adjust how long it will take for you to achieve your goals.
Raising your goals will invite you to take more action toward your goals. This outcome is more valuable than most books or coaching calls, and you can apply it to any area of your life.
However, you should only raise goals that you can control, such as your annual income and how much you contribute to your portfolio. If you have a $1 million portfolio and want it to become a $5 million portfolio in three years, that goal can lead to high-risk investments that produce significant losses.
Instead of setting a goal like having a $1 million portfolio turn into a $5 million portfolio within a few years, focus on contributing a set amount of dollars each month. The idea is that achieving your portfolio contribution goal should help you reach your end goal, but you shouldn't chase speculative investments if you fall behind your net worth goal.
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<h2 class="wp-block-heading">Work Harder Than The Rest</h2>
If you want to accomplish big goals, you have to work harder than the people around you. You may have to start working in the morning and stop working at night. It's even easier to embrace this lifestyle if you are a young professional who doesn't have a family yet.&nbsp;
It's important to remember that Cardone doesn't pursue money at the cost of everything else. He spends time with his family, exercises, and aims for a fulfilling life in multiple areas. Doom scrolling, putting off important goals, and spending time with the wrong people won't help you reach your long-term goals sooner.
People who work harder than the rest are usually rewarded, but not right away. It can take several months or years before all of your goals materialize.&nbsp;
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<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
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Image: Shutterstock

Grant Cardone Shares The Secret To Building Massive Wealth: 'Plan For 10 Times Greater Income, Profits And Net Worth Than You Need'

Shoppers are increasingly turning to dollar stores, including Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>), Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) and Five Below, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>), as economic uncertainty and inflation drive even higher-income households to<a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/45800961/five-below-sees-strong-q1-as-analyst-flags-tariff-risk-in-back-half-of-2025"> stretch their budgets. </a>
What To Know: The shift became evident this week when leading discount retailers released better-than-expected earnings reports and sales growth across income levels.&nbsp;
DLTR: Dollar Tree reported a robust first quarter, with same-store net sales up 5.4%, fueled by a 2.5% increase in traffic and a 2.8% rise in average ticket size. CEO Mike Creedon said Dollar Tree's low prices are resonating with all income levels and the company saw significant growth among customers earning over $100,000 annually.&nbsp;
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&#8220;History has shown that we have the resilience to emerge stronger from periods of economic uncertainty and in today&#8217;s rapidly evolving environment, we see a meaningful opportunity to further elevate the value, convenience and discovery that our customers depend on Dollar Tree to provide," Creedon said. 
DG: Dollar General<a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45775655/dollar-general-posts-convincing-q1-earning-beat-the-year-is-off-to-a-solid-start-could-mitigate-most-potential-tariff-headwinds"> posted record quarterly </a>net sales, which rose 5.3% to $10.4 billion and same-store sales were up 2.4% in the first quarter. 
CEO Todd Vasos said on the company's earnings call that the core customer remains "financially constrained," but the chain is increasingly attracting wealthier households seeking value.
FIVE: Five Below <a href="https://www.benzinga.com/markets/earnings/25/06/45780811/five-below-q1-earnings-revenue-eps-beat-retailer-raises-guidance-cfo-will-step-down">reported total revenue</a> was up 19.5% and comparable sales increased 7.1% year-over-year.
CEO Winnie Park said, "We were pleased to see broad-based strength across the majority of our merchandising worlds, resulting in a transaction-driven 7.1% increase in comparable sales, as well as strong performance from our new stores."&nbsp;
Five Below also raised its fiscal earnings and revenue outlooks, indicating it sees the positive trends continuing throughout the year.&nbsp;
Why It Matters: Data from <a href="http://placer.ai">Placer.ai</a> confirms that dollar and discount stores are outperforming other retail sectors in 2025, with foot traffic up 3% year-over-year. Loyalty is also on the rise, as more shoppers visit these stores three or more times per month.&nbsp;
The trend shows inflation and economic uncertainty are pushing mainstream America to prioritize affordability and maximize their purchasing power to the benefit of dollar stores.&nbsp;
Read Next:&nbsp;
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Image: Shutterstock

Earnings

Management

Movers

DLTR

FIVE

Dollar Stores Cash In As Shoppers Seek Bargains At Dollar General, Dollar Tree, Five Below

On Thursday, the <a href="https://www.benzinga.com/news/politics/25/06/45800612/trump-says-musk-has-trump-derangement-syndrome-as-battle-over-bill-heats-up-had-a-great-relationship-dont-know-if-we-will-anymore">public fallout between</a> Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk and Donald Trump escalated and sparked a wave of reactions from political leaders, including Sen. Chuck Schumer (D-N.Y.), House Speaker Mike Johnson (R-La.) and other leaders, as the once-close relationship between the two men unravels.
What Happened: The rift between Musk and Trump reached a boiling point this week, following Musk's vocal criticisms of Trump's legislative agenda.
The tech mogul <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45784755/elon-musk-who-called-trumps-one-big-beautiful-bill-a-disgusting-abomination-responds-to-coinbase-ceos-warning-that-bitcoin-could-replace-dollar">publicly rejected Trump's</a> "One Big Beautiful Bill" and criticized it for exacerbating the deficit. He even suggested that it could trigger a recession.
In response, Trump said, "I don't mind Elon turning against me, but he should have done so months ago."
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05215110/Screenshot-2025-06-06-at-7.21.05%E2%80%AFAM-1024x478.png" alt="" class="wp-image-940541" /><figcaption class="wp-element-caption">Source: Truth Social</figcaption></figure>
Schumer took to X, formerly Twitter, and posted, "Siri, play ‘Bad Blood,'" in what appeared to be a pointed remark. In a separate post, he shared a tweet by Elon Musk, accompanied only by a popcorn emoji, signaling keen interest in the unfolding drama.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Siri, play "Bad Blood"
&mdash; Chuck Schumer (@SenSchumer) <a href="https://twitter.com/SenSchumer/status/1930751086144459254?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote>
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Johnson also took to X, the social media site owned by Musk. Responding to Musk's post asking, "Where is the Mike Johnson of 2023!?"—alongside an old tweet of Johnson decrying the national debt.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/04/45090992/mark-zuckerberg-warns-of-serious-disadvantage-as-chinas-data-center-blitz-could-let-deepseek-leapfrog-us-ai-labs" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Warns Of ‘Serious Disadvantage&#8217; As China&#8217;s Data-Center Blitz Could Let DeepSeek Leapfrog US AI Labs</a>
In response, Johnson wrote, "The Mike Johnson of 2023 is the SAME Mike Johnson who has always been a lifelong fiscal hawk." He defended the proposed bill, stating that it includes the "largest mandatory spending cut to the federal government in history."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Mike Johnson of 2023 is the SAME Mike Johnson who has always been a lifelong fiscal hawk &#8211; who now serves as Speaker and is implementing a multi-stage plan to get our country back to fiscal responsibility and extraordinary economic growth. It begins with the critically… <a href="https://t.co/8c2l3bTdk1">https://t.co/8c2l3bTdk1</a>
&mdash; Speaker Mike Johnson (@SpeakerJohnson) <a href="https://twitter.com/SpeakerJohnson/status/1930712689560506659?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Speaking <a href="https://edition.cnn.com/politics/live-news/trump-president-administration-news-06-05-25">to</a> CNN, Johnson called Musk's public attacks on Trump "not helpful," noting, "Elon is a friend&#8230; This isn't personal. Policy differences should not be personal."
However, after leaving the House floor, Johnson acknowledged the obvious: "It clearly is personal" between Musk and Trump.
Rep. Troy Nehls (R-Texas) called on Musk to halt his attacks on Trump, saying, "This tit-for-tat … isn't helping." While acknowledging Musk's talents, Nehls criticized his remarks as "irresponsible" and warned, "You've lost your mind," the report noted.
Rep. Thomas Massie (R-Ky.), who voted against Trump's domestic policy bill, cautioned that the legislation is already "on life support" and could be jeopardized further in the Senate.
Rep. Tim Burchett (R-Tenn.) suggested the clash was inevitable, adding, "At some point it falls on deaf ears… people are tired of hearing it."
Trying to defuse tensions, Rep. Warren Davidson (R-Ohio) said he's invited Trump, Musk, Speaker Johnson, Vice President JD Vance, and Massie to a private dinner to "mend fences," but declined to say who has responded, the report added.
Why It's Important: Shares of Tesla plunged 14.26% on Thursday to close at $284.70. In the after-hours trading, the shares gained 0.77%, according to data from <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
However, the sharp decline during the regular hours <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45805173/musk-vs-trump-tesla-suffers-record-152b-one-day-crash-as-ceo-warns-tariffs-will-cause-a-recession">wiped out $152 billion in value</a>. The EV giant currently has a market cap of $1.06 trillion, making it the ninth most valuable company in the world.
This happened after Trump took to Truth Social and suggested that a quick way to trim federal spending would be to eliminate Musk's government subsidies and contracts, totaling &#8220;Billions and Billions of Dollars,&#8221; he wrote.
"I was always surprised that Biden didn't do it," he added.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05215203/Screenshot-2025-06-06-at-7.21.57%E2%80%AFAM-1024x283.png" alt="" class="wp-image-940544" /><figcaption class="wp-element-caption">Source: Truth Social</figcaption></figure>
Musk's ventures, including Tesla and SpaceX, heavily rely on government support, ranging from regulatory credits in the automotive sector to lucrative space and defense contracts. A Washington Post <a href="https://www.washingtonpost.com/politics/2025/06/05/trump-musk-fight/">analysis</a> estimates his companies have received at least $38 billion in public funding.
Benzinga's Edge Stock Rankings highlight Tesla's strong price momentum across short, medium and long-term timeframes. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance data is available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05215238/Screenshot-2025-06-06-at-7.17.28%E2%80%AFAM.png" alt="" class="wp-image-940545" /></a></figure>
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
</ul>
Photo Courtesy: Bumble Dee On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

Media

Chuck Schumer Wants Siri To Play 'Bad Blood' As Elon Musk, Donald Trump Feud Each Other — Mike Johnson Sings A Hawkish Tune

Cathie Wood's Ark Invest made a blockbuster purchase of Circle Internet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) shares on Thursday, marking a significant move in the evolving digital assets landscape. The bold acquisition came as Ark simultaneously reshuffled its cryptocurrency stock portfolio, reducing exposure to other industry names. This strategic pivot follows Circle's high-profile NYSE debut and may underscore Ark's conviction in the future of stablecoins.
The Circle Trade
On Thursday, Ark Invest purchased an eye-popping 4,486,560 shares of Circle, totaling approximately $373.42 million. The transactions were made through ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>), ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>), and Ark Fintech Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#BATS">ARKF</a>). For the day, Circle shares closed at $83.23, rising a whopping 168.48%. The shares rose another 5.4% in the after-hours trading to $87.71.
This move comes on the heels of Circle's impressive NYSE debut, where the company <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45800399/circle-surges-to-69-in-nyse-debut-raising-1-1b-as-investors-bet-on-stablecoins-going-mainstream">raised $1.1 billion</a>, signaling strong investor confidence in the mainstream adoption of stablecoins. The acquisition by Cathie Wood's team could highlight Ark's bullish outlook on the stablecoin sector, as Circle positions itself at the forefront of digital payments and blockchain innovation. The timing of the trade, closely following Circle's successful listing and capital raise, suggests Ark is betting on the company's ability to capitalize on the growing demand for regulated, transparent stablecoin solutions. 
The Palantir Trade
Ark sold 76,654 shares worth about $9.2 million of Palantir through its ARKK and ARKW funds. On Thursday, Palantir shares dropped 7.8% to $119.91. In the after-hours trading, the shares registered a 1.4% rise. The move came as Palantir CEO Alex Karp <a href="https://www.benzinga.com/markets/tech/25/06/45800099/palantir-ceo-alex-karp-refutes-ridiculous-surveillance-reports-says-company-is-winning">addressed surveillance concerns</a> and emphasized the company's momentum in securing new contracts.
The Coinbase Trade
Ark trimmed its position by 161,304 shares in ARKK, ARKW and ARKF, a transaction valued at roughly $39.4 million.On Thursday, Coinbase shares closed at $244.20. This comes after Coinbase <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45764843/coinbase-crushed-tesla-amazon-and-other-mag-7-peers-in-recent-rally-heres-what-drove-the-stunning-comeback">outperformed major tech peers</a> in a recent rally, fueled by renewed optimism in the crypto sector.
The Robinhood Trade
Ark sold 255,327 Robinhood shares through ARKK and ARKW, amounting to $18.51 million. Robinhood shares closed at $72.51 for the day. The trade followed a period of gains for Robinhood stock, as the platform continues to evolve its offerings and attract retail investors. Robinhood shares rose Thursday after the company reported <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45794817/robinhood-stock-is-rising-thursday-whats-going-on">record-high platform assets</a> and trading volumes for May, along with a 40% year-over-year increase in net deposits. The stock may also get a boost from a potential inclusion in the S&amp;P 500. 
Other Key Trades:
<ul class="wp-block-list">
<li>ARK 21Shares Bitcoin ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#NYSE">ARKB</a>): Ark reduced its stake by 168,675 shares, worth $17.14 million, continuing its recalibration of crypto-related holdings. The transaction was made through ARKW. For the day, ARKB shares closed at $101.62.</li>
<li>Among crypto-related stocks sold by Ark on Thursday was Jack Dorsey&#8217;s Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-focused company Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>). Ark sold 163,380 shares via ARKK and AKRW. The transaction was worth $10.4 million as the company&#8217;s shares closed at $63.60 for the day.</li>
<li>Sold 2,829 shares of Meta Platforms Inc. through ARKW.</li>
<li>Purchased 115,834 shares of Veracyte Inc. (VCYT) through ARKK.</li>
<li>Purchased 38,424 shares of Guardant Health Inc. (GH) through ARKK.</li>
</ul>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="759" height="104" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05213744/Screenshot-2025-06-06-at-10.37.07.png" alt="" class="wp-image-940531" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05213744/Screenshot-2025-06-06-at-10.37.07.png 759w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05213744/Screenshot-2025-06-06-at-10.37.07-300x41.png 300w" sizes="(max-width: 759px) 100vw, 759px" /></a></figure>
Benzinga&#8217;s Edge Stock Rankings show that Coinbase has good Short, Medium and Long Price Trend.<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Find out</a> how other cryptocurrency stocks compare here.
Photo Courtesy: Ira Lichi On Shutterstock.com
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/06/45805623/palantir-ceo-warns-us-china-ai-race-will-have-one-winner-urges-west-to-keep-up">Palantir CEO Warns US-China AI Race Will Have One Winner, Urges West To Keep Up</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

$BTC

ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

ARKF

ARKK

ARKW

COIN

CRCL

HOOD

PLTR

Cathie Wood Drops $373 Million On Circle's 168% Rally, Dumps Coinbase And Crypto Holdings — Is Ark Ditching Bitcoin for Stablecoins?

A recent episode of &#8220;<a href="https://www.youtube.com/watch?v=L6398lZQHDk">The Ramsey Show</a>&#8221; took a sharp turn when a caller shared how his mother took out credit cards in his name after he and his brother bought her a home.
<h2 class="wp-block-heading">Mom Living In A Home Her Sons Bought, Son Holding The Bag</h2>
The caller, 27, explained that after his divorce, he was emotionally vulnerable and agreed to co-sign loans so his mom could buy the home she was living in. He and his brother put the mortgage in their names because his mom had <a href="https://www.benzinga.com/money/best-mortgage-lenders-for-poor-credit">poor credit</a>.
&#8220;She sucks blood off of her sons,&#8221; said Dave Ramsey after hearing the details. &#8220;She's a parasite. It's a horrible thing to say about your mother. I'm so sorry. Just an observation.&#8221;
Don't Miss:
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<li>Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>. </li>
<li>Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.</li>
</ul>
The caller added that his mom makes minimal income and hasn't disclosed how much she earns. Meanwhile, she continues to make minimum payments on roughly $20,000 in credit card debt, all taken out under her son&#8217;s name.
"She's paying the mortgage," the caller said, but added that he constantly worries she'll stop. "I'm just waiting for the day that I get a call that, ‘Hey, your payment's due.'"
<h2 class="wp-block-heading">Selling The Home To Save The Marriage</h2>
Ramsey warned the caller that if he didn't take action quickly, this financial arrangement would result in deeper personal losses.
His advice? Sell the house. <a href="https://www.benzinga.com/money/best-ways-to-pay-off-credit-card-debt">Pay off all the credit cards</a>. Then, give his mom half of whatever equity remains. &#8220;You can go set yourself up a life with that,&#8221; he suggested.
Trending: <a href="https://www.benzinga.com/money/this-ai-imaging-technology-has-been-used-in-more-than-500-surgeries-now-you-can-be-part-of-the-ai-imaging-revolution">Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</a>
Ramsey even gave him the script for the difficult conversation: &#8220;Mom, I love you, and I&#8217;ve done more for you than I should have, and I put myself and my future family in jeopardy because of you, and you continue to misbehave with this. My bills are not being paid, you&#8217;re destroying my credit and my future. We&#8217;re selling the house. Little brother, if you don&#8217;t want to sell it, you can buy me out.&#8221;
Ramsey also made it clear that the brother, who co-owns the home, should either buy him out or step aside. &#8220;If he doesn&#8217;t want to sell the house, then it&#8217;s going to be a civil court action and the judge is going to demand that the partnership be dissolved by the selling of the house,&#8221; Ramsey said.
&#8220;We&#8217;re selling the house. I&#8217;m not asking—we&#8217;re telling you. This is what we&#8217;re doing,&#8221; Ramsey added.
&#8220;This is saving your marriage, by the way,&#8221; Ramsey&#8217;s co-host, Jade Warshaw, said. The caller had just gotten married a month earlier, and this situation could become a major wedge. &#8220;Your wife is not going to sit around and let your mom be the reason that she&#8217;s not in her new house,&#8221; Warshaw added.
Read Next:
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<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>
</ul>
Image: Shutterstock

'She's A Parasite,' Says Ramsey To A Caller Who Bought Their Mom The Family Home—Then She Took Out Credit Cards In His Name

INAB

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

Tutor Perini (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPC#NYSE">TPC</a>) has outperformed the market over the past 5 years by 11.66% on an annualized basis producing an average annual return of 24.73%. Currently, Tutor Perini has a market capitalization of $2.05 billion. 
Buying $1000 In TPC: If an investor had bought $1000 of TPC stock 5 years ago, it would be worth $2,906.58 today based on a price of $38.89 for TPC at the time of writing.
<h3>Tutor Perini's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749167111_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

$1000 Invested In Tutor Perini 5 Years Ago Would Be Worth This Much Today

Sterling Infrastructure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRL#NASDAQ">STRL</a>) has outperformed the market over the past 5 years by 64.11% on an annualized basis producing an average annual return of 77.18%. Currently, Sterling Infrastructure has a market capitalization of $5.94 billion. 
Buying $100 In STRL: If an investor had bought $100 of STRL stock 5 years ago, it would be worth $1,771.69 today based on a price of $195.24 for STRL at the time of writing.
<h3>Sterling Infrastructure's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749166275_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

STRL

$100 Invested In Sterling Infrastructure 5 Years Ago Would Be Worth This Much Today

Rhythm Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYTM#NASDAQ">RYTM</a>) has outperformed the market over the past 5 years by 12.84% on an annualized basis producing an average annual return of 25.91%. Currently, Rhythm Pharmaceuticals has a market capitalization of $4.21 billion. 
Buying $100 In RYTM: If an investor had bought $100 of RYTM stock 5 years ago, it would be worth $318.94 today based on a price of $66.18 for RYTM at the time of writing.
<h3>Rhythm Pharmaceuticals's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749165311_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

RYTM

Here's How Much You Would Have Made Owning Rhythm Pharmaceuticals Stock In The Last 5 Years

Sprouts Farmers Market (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) has outperformed the market over the past 10 years by 8.89% on an annualized basis producing an average annual return of 19.78%. Currently, Sprouts Farmers Market has a market capitalization of $16.32 billion. 
Buying $100 In SFM: If an investor had bought $100 of SFM stock 10 years ago, it would be worth $613.02 today based on a price of $166.77 for SFM at the time of writing.
<h3>Sprouts Farmers Market's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749164417_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Sprouts Farmers Market Stock In The Last 10 Years

Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) CEO Alex Karp expects the&nbsp;artificial intelligence&nbsp;arms race between the U.S. and China to have one winner.
Karp, on Thursday&#8217;s episode <a target="_blank" href="https://www.cnbc.com/2025/06/05/palantir-karp-ai-dangerous-china.html" rel="noreferrer noopener">of CNBC&#8217;</a>s &#8220;Squawk on the Street,&#8221; expressed his concerns regarding AI&#8217;s dangers while acknowledging its positive and negative consequences.
The stock is down amid reports indicating that some Republicans are criticizing the Trump administration&#8217;s deal with the company.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/45800099" rel="noreferrer noopener">Palantir CEO Alex Karp Refutes &#8216;Ridiculous&#8217; Surveillance Reports, Says Company Is &#8216;Winning&#8217;</a>
He had previously voiced aggressive efforts required by countries to develop more advanced AI models.
Karp said that no other economy in the world has corporate leaders as adaptable, tech-savvy, and open to innovation while still rooted in deep industry expertise. He added that Western allies, including those in Europe, must take notes from this approach.
He denied reports indicating that the company surveilled Americans to help the Trump administration gather data on Americans.
Palantir Technologies stock surged 435% in the last 12 months.
Reportedly, the Trump administration <a target="_blank" href="https://www.benzinga.com/news/contracts/25/05/45702431/palantir-stock-gains-as-trump-expands-companys-role-in-us-government-agencies" rel="noreferrer noopener">has&nbsp;recently expanded</a> the company&#8217;s&nbsp;work across the federal government.
Since Trump took office, Palantir bagged over $113 million in contracts (new and additional funds from existing), excluding the $795 million Department of Defense contract.
Price Action: PLTR stock closed lower by 7.77% at $119.91 on Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com//node/45801143" target="_blank" rel="noreferrer noopener">Palantir Stock Falls As GOP Lawmakers Push Back On Government Surveillance Deal</a></li>
</ul>
Photo by slyellow via Shutterstock

Palantir CEO Warns US-China AI Race Will Have One Winner, Urges West To Keep Up

Interparfums (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPAR#NASDAQ">IPAR</a>) has outperformed the market over the past 20 years by 4.53% on an annualized basis producing an average annual return of 12.81%. Currently, Interparfums has a market capitalization of $4.39 billion. 
Buying $1000 In IPAR: If an investor had bought $1000 of IPAR stock 20 years ago, it would be worth $10,353.03 today based on a price of $136.66 for IPAR at the time of writing.
<h3>Interparfums's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749163517_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

IPAR

If You Invested $1000 In This Stock 20 Years Ago, You Would Have This Much Today

Offerings

DOGZ

Dogness International Files For Resale Of Up To 1.2M Class A Common Shares By Selling Shareholders

ITT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITT#NYSE">ITT</a>) has outperformed the market over the past 5 years by 5.96% on an annualized basis producing an average annual return of 19.04%. Currently, ITT has a market capitalization of $12.20 billion. 
Buying $1000 In ITT: If an investor had bought $1000 of ITT stock 5 years ago, it would be worth $2,308.83 today based on a price of $149.82 for ITT at the time of writing.
<h3>ITT's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749162611_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning ITT Stock In The Last 5 Years

Piper Sandler (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PIPR#NYSE">PIPR</a>) has outperformed the market over the past 5 years by 15.93% on an annualized basis producing an average annual return of 29.0%. Currently, Piper Sandler has a market capitalization of $4.22 billion. 
Buying $1000 In PIPR: If an investor had bought $1000 of PIPR stock 5 years ago, it would be worth $3,628.92 today based on a price of $257.00 for PIPR at the time of writing.
<h3>Piper Sandler's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749161711_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PIPR

$1000 Invested In Piper Sandler 5 Years Ago Would Be Worth This Much Today

In the current market session, Garrett Motion Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTX#NASDAQ">GTX</a>) share price is at $10.15, after a 0.20% increase. Moreover, over the past month, the stock fell by 10.65%, but in the past year, went up by 13.03%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2025/1749160832_0.png" alt="Past Year Chart" />

<h3>Garrett Motion P/E Compared to Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Garrett Motion has a lower P/E than the aggregate P/E of 17.31 of the Automobile Components industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1749160832_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

A Look Into Garrett Motion Inc's Price Over Earnings

Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) has outperformed the market over the past 15 years by 15.05% on an annualized basis producing an average annual return of 26.96%. Currently, Cintas has a market capitalization of $92.31 billion. 
Buying $100 In CTAS: If an investor had bought $100 of CTAS stock 15 years ago, it would be worth $3,580.28 today based on a price of $228.62 for CTAS at the time of writing.
<h3>Cintas's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749160820_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CTAS

$100 Invested In Cintas 15 Years Ago Would Be Worth This Much Today

Space stocks are rising in Thursday&#8217;s after-hours session amid an escalation of a public dispute between SpaceX&#8217;s Elon Musk <a href="https://www.benzinga.com/news/politics/25/06/45800612/trump-says-musk-has-trump-derangement-syndrome-as-battle-over-bill-heats-up-had-a-great-relationship-dont-know-if-we-will-anymore">and President Donald Trump</a>.
What Happened: Musk and Trump are throwing jabs on their respective social media platforms spurred by the former&#8217;s disapproval of a large tax bill being pushed by Trump. 
In a Truth Social <a href="https://truthsocial.com/@realDonaldTrump/posts/114632206992330264">post</a> Thursday afternoon, Trump said the easiest way to cut spending is to get rid of Musk&#8217;s government subsidies and contracts. 
Musk quickly <a href="https://x.com/elonmusk/status/1930718684819112251">responded</a> with a post on X, indicating that SpaceX would immediately start decommissioning its Dragon spacecraft, which is currently the only option the U.S. has for carrying crew members to the International Space Station. 
NASA press secretary Bethany Stevens chimed in on the dispute, noting that NASA will continue to work with Trump to carry out his vision for the future of space. 
&#8220;We will continue to work with our industry partners to ensure the President's objectives in space are met,&#8221; Stevens <a href="https://x.com/NASASpox/status/1930728558558900435?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1930728558558900435%7Ctwgr%5Ee06d105bd2067e7db775e61b4af3ebf6faa7e713%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.cnbc.com%2F2025%2F06%2F05%2Fmusk-trump-spacex-dragon-nasa.html">said</a> in an X post.
Space stocks appear to be rallying in response to the news as investors are optimistic the spat could create more opportunities for other space companies. 
Rocket Lab Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>), which has multiple <a href="https://www.benzinga.com/news/contracts/25/05/45434506/rocket-lab-gets-nasa-contract-to-launch-aspera-astrophysics-mission">contracts</a> with NASA, saw its shares rise 5.22% in Thursday&#8217;s after-hours session, while AST SpaceMobile Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) shares climbed nearly 3% at last check.
AST SpaceMobile is one of Jeff Bezos&#8217; Blue Origin's top customers. The companies signed a deal&nbsp;in November 2024 for the launch of up to 45 satellites. A Scotiabank analyst <a href="https://www.benzinga.com/news/space/25/06/45776611/ast-spacemobile-stock-climbs-after-analyst-flags-potential-investment-from-amazons-jeff-bezos">speculated this week</a> that the relationship between the two companies could get even stronger in the near future. 
Shares of heavily-shorted Virgin Galactic Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) were also up nearly 15% in after-hours at the time of writing.
The dispute between Musk and Trump comes about two weeks after Trump <a href="https://www.benzinga.com/general/space/25/05/45532125/l3harris-stock-moves-higher-after-being-named-in-golden-dome-missile-defense-system">announced</a>&nbsp;the architecture for a $175 billion Golden Dome missile defense system. The system will feature next-generation technologies, including &#8220;space-based sensors and interceptors&#8221; and &#8220;a lot&#8221; of American companies will be involved, according to Trump. 
The tax bill, referred to as Trump&#8217;s &#8220;big, beautiful bill&#8221; is expected to include $175 billion for the Golden Dome project.
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Photo: courtesy of Rocket Lab.

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