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Luke Kawa

3D-printing stocks surge

Stocks of companies focused on 3D printing are on a tear, with the likes of 3D Systems and Stratasys up strongly to open the week despite a down day for US stocks.

The authorities have said that the suspect being questioned in connection with the shooting of UnitedHealth Group insurance executive Brian Thompson last week in Manhattan may have used a “ghost gun” — that is, one that was made using 3D-printed parts.

While police only made these comments this afternoon, online speculation that such a weapon may have been used in the shooting was rampant in the days following the attack.

We might really be pushing the limits of “there’s no such thing as bad press” here...

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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