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BloombergCarmen Reinicke

SpaceX clears first post-IPO lockup expiry as shares rally toward $150 and valuation reaches $500 billion

SpaceX’s first lockup expiration since its June public offering passed without the feared flood of insider selling, while the company’s stock rebounded sharply from its August low and moved toward its $150 opening trade. The rally pushed SpaceX’s market value to roughly $500 billion.

2026-08-13T02:21:27.418634-07:00
Air Data NewsRicardo Meier

India launches competition for 60 military transport aircraft

By Air Data News: India has formally launched the competition for 60 new military transport aircraft, bringing the long-discussed Medium Transport Aircraft (MTA) program into its selection phase after years of studies and preparations.

2026-08-13T02:53:27.525743-07:00
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FlightGlobalDavid Kaminski-Morrow

Heart Aerospace carries out piloted maiden flight of all-electric X1

By FlightGlobal: Battery-powered demonstrator is 'representative' of manufacturer's planned ES-30 airliner. Electric aircraft developer Heart Aerospace has carried out the maiden flight of its X1 demonstrator, almost two years after unveiling the experimental aircraft.

2026-08-13T04:21:10.571382-07:00
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New York TimesAndrea Fuller, David A. Fahrenthold, Hamed Aleaziz, Julie Tate, Nicholas Nehamas

Homeland Security Paid $464 Million for Airplanes. Then It Parked Them.

By New York Times: The agency used a no-bid contract to buy 10 used jets, saying they were urgently needed for deportation flights. But the fleet has largely sat idle for months.

2026-08-13T03:05:08.575354-07:00