Joby Aviation experienced a notable decline, with shares plunging 11%. This drop followed the announcement of a stock offering, where Joby plans to sell 30,500,000 common shares at a price of $16.85 each. This move is expected to generate gross proceeds of approximately $513.9 million.
AST SpaceMobile saw its shares surge by 11% after revealing a partnership with Verizon. This collaboration aims to provide cell service from space to Verizon customers starting in 2026. In response, Verizon’s shares also saw a slight increase of 0.7%.
Trilogy Metals, a Canadian minerals explorer, witnessed a remarkable jump of 8% in its U.S.-listed shares. This surge came just a day after the stock skyrocketed over 200% due to news that the White House would acquire a 10% stake in the company.
Rocket Lab shares rose nearly 6% following the aerospace manufacturer securing a contract for three additional rocket launches, signaling positive momentum for the company.
USA Rare Earth also experienced a rise of more than 4%. Investors are speculating that the company may strike a deal with the Trump administration. CEO Barbara Humpton mentioned in a recent CNBC interview that they are in close communication with the White House. This speculation follows the administration’s recent acquisition of a 10% stake in Trilogy Metals.
On the other hand, The Metals Company saw its stock fall by 3% after previously soaring on speculation of a potential deal with the Trump administration.
Ionis Pharmaceuticals enjoyed a 2.5% increase in its stock price after receiving an upgrade from JPMorgan, which moved its rating from neutral to overweight. JPMorgan highlighted that the company had an “active” September and provided “encouraging” updates during its innovation event.
Figma shares rose by 2% after OpenAI announced plans to integrate the design software vendor’s technology into ChatGPT, marking a significant collaboration in the tech space.
SoFi Technologies saw its stock increase by more than 1%, continuing its upward trajectory from a previous 6.8% rally. The fintech company received a boost after Politico reported that the Trump administration is considering selling $1.6 trillion in federal student loans to the private sector.
Equifax shares rose over 2% following the announcement of changes to its credit score offerings. The company revealed that its VantageScore 4.0 mortgage credit scores will be priced at $4.50 for two years, significantly lower than FICO’s pricing. This change comes in the wake of Fair Isaac’s new pricing model that allows mortgage lenders to bypass credit bureaus.
Lastly, Nvidia shares increased nearly 1% after reports indicated that the chipmaker was selected for xAI’s $20 billion fundraising effort.
— CNBC’s Fred Imbert, Spencer Kimball, Lisa Han, and Alex Harring contributed reporting.
