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Boeing drops as Trump tells Fox News that China will order 200 jets, well below the 500-plane expectation

Boeing is on pace for one of its worst trading days of 2026 following President Trump’s announcement that China will place a 200-plane order from the company — the country’s first major Boeing order since 2017.

Since last year, reports of the deal’s size have placed the order number at “up to 500.”

Trump disclosed the order details in an interview on Fox News, saying, “Boeing wanted 150; they got 200.”

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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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