Three major credit rating agencies assigned investment-grade ratings to SpaceX as cryptocurrency investor sentiment slumped into “extreme fear” and analysts upgraded several technology and media stocks following the U.S.-Iran interim peace deal and other sector-specific developments.
Fitch Ratings assigned a BBB+ long-term issuer default rating to SpaceX, saying barriers to entry in the commercial launch market are “functionally insurmountable within the rating horizon” and that the company’s vertical integration across engines, avionics, satellites, and user terminals gives it cost advantages competitors cannot match. Moody’s Ratings assigned a Baa1 long-term issuer rating, citing SpaceX’s strength as the leading orbital launch provider, the operator of the Starlink satellite broadband network, and its strategic relevance to the U.S. government as the primary launch provider for NASA and the Defense Department. Moody’s noted that SpaceX’s rating is constrained by execution and financial risks tied to its large-scale AI infrastructure buildout, which requires significant capital and carries uncertain monetization outcomes, and by dependence on Starship V3. S&P Global Ratings assigned a BBB credit rating, balancing the company’s intensive capital needs and weaker competitive positioning of its AI business against strong foundations in its space and connectivity businesses. S&P gave a stable outlook, saying it expects adjusted leverage to remain below 2.0x despite substantial planned investments. All three agencies excluded SpaceX’s long-term plans for colonizing the moon, traveling to Mars, building data centers in space, and constructing a chip factory from their ratings, with S&P saying those plans are “outside the scope of our ratings because many of these plans are not yet quantifiable.”
CoinMarketCap’s Crypto Fear and Greed Index showed a score of 19 out of 100 on Friday, placing it at the cutoff between “fear” and “extreme fear.” The index had briefly moved into “fear” territory earlier in the week, but selling after hawkish commentary from new Fed Chair Kevin Warsh weighed on cryptocurrencies. CoinMarketCap data also showed continued outflows from so-called “altcoins,” with combined altcoin market capitalization just above $900 billion.
Citi analysts upgraded Informa to buy from neutral and raised the target price to 990 pence from 850 pence. The analysts said the UK government’s decision Thursday to drop its travel warning for the United Arab Emirates and Saudi Arabia after the U.S.-Iran interim peace agreement is likely to revive investor interest in Informa, which holds events in cities including Dubai and Abu Dhabi. The UK’s change could prompt other governments to follow, they said. Shares rose 0.6% to 8.69 pounds.
CGS International analyst Joshua Kim lifted 2026–2028 earnings-per-share forecasts for NC Corp. by 8.9% to 46.1%, citing more durable post-launch revenue trends from new intellectual properties including “Lineage Classic” and “Aion 2.” Kim observed that “Lineage Classic” continues to show stable market share in Korea’s internet cafes and that “Aion 2” is showing a more gradual and sustained daily revenue trajectory. CGS raised the target price to 400,000 won from 340,000 won. Shares closed 7.2% higher at 277,000 won.
TA Securities analyst Chan Mun Chun initiated coverage on Dagang NeXchange with a buy rating and a target price of 0.66 ringgit. Chan said the company appears to be approaching an earnings inflection point driven by growth in its semiconductor and energy businesses and supported by recurring income from its IT division. He said the market has not fully recognized the value of the SilTerra unit’s position in the booming silicon photonics industry, which is benefiting from strong artificial-intelligence and data-center demand. Chan expects Dagang to turn profitable in 2026, with earnings accelerating further in 2027 and 2028 as SilTerra expands capacity. Shares rose 6.5% to 0.41 ringgit.