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CapsoVision Inc. (NASDAQ: CV) shares surged 52.88% to $18.04 in after-hours trading, following a closing price of $11.80, which was up 32.73% on the same day. The company announced the appointment of David Garcia as Senior Vice President of Finance, effective November 3, who has extensive experience in financial management and capital strategy. CapsoVision's stock has risen 138.87% over the past month, with a current market capitalization of $552.75 million.
Elon Musk has hinted at a potential initial public offering (IPO) for SpaceX, which could raise over $30 billion and achieve a valuation of $1.5 trillion, surpassing Tesla's current market value of $1.41 trillion. Musk's comments followed speculation from journalist Eric Berger regarding SpaceX's IPO plans. Although Musk refuted claims of SpaceX raising new capital at an $800 billion valuation, he did not deny the possibility of an IPO in 2026.
Palantir Technologies secured a $448 million contract with the Navy for an AI overhaul of submarine maintenance, indicating a bullish sentiment around the company's expanding government operations. Despite skepticism about its leadership, the deal highlights Palantir's growing influence in defense technology.
