Defense stocks slid on both sides of the Atlantic as Democrats’ landslide win in US midterm elections dented expectations of a further ramp-up in the country’s military spending.

Lockheed Martin Corp.’s multi-year fighter jet deal has won over one more Wall Street bull, who has also set a Street-high price target for the company.

Boeing Co.’s disappointing outlook, which sparked the stock’s sharpest selloff since June 2020, handed a win to bearish investors who had shrugged off Wall Street’s increasingly bullish stance over the past several months.

Shares of drone makers and suppliers, once the hottest names in the US stock market, are poised to fall further as investors worry a blue wave in the US midterm elections could squeeze funding for the industry.

Boeing Co.’s shares got off to a strong start to 2026, jumping 16% in the first three weeks of the year, as investors appeared to grow confident that Chief Executive Officer Kelly Ortberg was succeeding in turning around the struggling jetmaker. But the optimism faded quickly.

After two years of breakneck gains, shares of military contractors have hit a wall this year. Traders are expecting the pain to deepen further as they position for protracted negotiations and funding delays should Democrats take control of one or both houses of Congress following the midterm elections.

Wall Street analysts are rushing to slash their price targets on spacecraft and satellites manufacturer York Space Systems Inc., saying the company’s path forward looks uncertain amid supply chain troubles and a slower pace of government contracts.

Lyntris Inc. shares fell 14% on the first day of trading, after the company and some of its shareholders raised $297.5 million in a downsized initial public offering.

Drone makers and suppliers, including two companies with ties to the Trump family, rallied Friday after the White House said it’s applying a tariff on imports of unmanned aircraft systems and their components.

Boeing Co.’s efforts to turn around its business are getting a loud cheer from Wall Street, as analysts this week turned the most bullish on the company in nearly four years.

US stocks closed higher Friday after jobs data showed the US economy unexpectedly shed jobs in July, which could prompt the Federal Reserve to delay interest-rate increases.

Short sellers have piled into SpaceX at a rapid pace ahead of two major milestones next week: the company’s first earnings report as a public company and the release of hundreds of millions of locked-up shares.

SpaceX shares bounced back after temporarily erasing one-fifth of their value from the record setting debut of Elon Musk’s rocket, satellite and artificial intelligence company, as investors shunned riskier technology firms.

SpaceX may finally be within reach for public-market investors, but analysts say there’s a cheaper opportunity to get exposure to shares of the space technology company through EchoStar Corp.

SpaceX may finally be within reach for public-market investors, but analysts say there’s a cheaper opportunity to get exposure to shares of the space technology company through EchoStar Corp.

Wall Street’s biggest banks shopped SpaceX shares for $135 a pop during its record initial public offering. Just weeks later, sell-side analysts from many of those same banks are telling clients those shares should be worth $236 each on average.

Doncasters Group, a manufacturer of products for aerospace engines and industrial gas turbines, is seeking to raise as much as $746.7 million in an initial public offering, joining a wave of aerospace and defense companies tapping public markets amid rising demand for aircraft and military equipment.

SpaceX’s long-awaited initial public offering triggered a selloff Friday in the shares of other rocket, satellite and space-related companies.

SpaceX’s long-awaited initial public offering triggered a selloff Friday in the shares of other rocket, satellite and space-related companies.

The jury is still out on whether SpaceX is primarily a rocket company, as its name suggests, or actually more of a telecom provider or artificial intelligence play. Its expected valuation doesn’t help resolve the confusion.