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Carvana nirvana? Shorted stock surges 56% as company predicts record profits

June 8, 2023

On Thursday, online car-retailer Carvana announced an especially rosy outlook (i.e. forecasted record profits) for the second quarter of 2023, and investors responded by driving the company’s stock price up 56% before the market closed. The company closed the day worth $4.58 billion, according to Google Finance data. The retailer — a popular short — predicted […]

Carvana nirvana? Shorted stock surges 56% as company predicts record profits by Harri Weber originally published on TechCrunch

Firefly buys Spaceflight Inc. to boost on-orbit services

June 8, 2023

Firefly Aerospace has acquired launch and in-space transportation service provider Spaceflight Inc., in a bid to expand its on-orbit capabilities for customers. Firefly did not disclose the terms of the deal but a company spokesperson confirmed that the transaction has closed. The spokesperson added that the entire Spaceflight team, including CEO Tiphane Louradour, will be […]

Firefly buys Spaceflight Inc. to boost on-orbit services by Aria Alamalhodaei originally published on TechCrunch