WSJ Tech News Briefing
TNB Tech Minute: SpaceX Stock Falls After Musk Says Rocket ‘Catch’ Is Months Away
· Summarized
Key takeaways
- SpaceX's starship testing delays impact stock performance, emphasizing challenges in space technology development.
- Supermicro's investigation into alleged smuggling shows the importance of compliance and management oversight in global supply chains.
- The foldable smartphone market is rebounding with innovative designs, though high costs limit mass adoption, representing a niche segment in the broader industry.
Summary
SpaceX Stock Slides Amidst Rocket Development Delays
Shares of SpaceX declined approximately 4% after CEO Elon Musk announced that a significant rocket operation, specifically the starship's reusability testing, was still months away. Despite demonstrating the ability to catch the booster for reuse, Musk indicated that capturing the spacecraft itself might not happen until several months later. This delay has impacted investor confidence and highlighted ongoing challenges in SpaceX's ambitious testing schedule.
Supermicro Clears Management in Alleged Smuggling Scandal
Supermicro announced that its senior management was not involved in or aware of an alleged smuggling scheme that involved employees and a contractor transporting high-end chips to China. The company’s investigation found no evidence implicating current management and has taken steps to enhance its export compliance programs. The incident resulted in leadership changes but no direct evidence of company-wide misconduct.
Growth of the Foldable Smartphone Market
According to research firm Omdia, the global foldable smartphone market is experiencing a rebound, with anticipated shipments reaching 36 million units by 2028 — more than twice the volume from the previous year. Growth is driven by new wide-format book designs from brands like Huawei and Samsung, with other Android brands expected to adopt similar styles. Despite this growth, high component costs are keeping foldables as a premium niche, and they are projected to account for less than 3% of the overall smartphone market by 2030.
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Show notes
Plus: Super Micro Computer clears senior management in alleged smuggling scheme. And the global foldable smartphone market is rebounding. Julie Chang hosts.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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