🟢 SPACE X is trading 4.24% up today after nearly $40 million in UK satellite-services spending

SPACE X is trading 4.24% up at BRL 52.38 after Reuters reported that Britain has spent nearly $40 million on SpaceX satellite services, including Starshield military communications.

• The disclosure provides a company-specific positive demand signal, offsetting pressure from hotter U.S. producer-price inflation, higher Treasury yields, and geopolitical tensions.
• A recent insider-share unlock also remains a factor.
• The CFO is scheduled to appear at Goldman Sachs’ technology conference on September 10.