BUSINESS

Edible enlightenment from our eatery experts and colleagues Monie Begley, Richard Nalley, Sherry Phillips and Moira Forbes, as well as brothers Bob, Kip and Tim.

The excitement around space exploration company SpaceX leading into its initial public offering was only matched by the disappointment that happened shortly after its debut.

After rocketing up to a post-IPO high of $225.64 days after its debut. SpaceX (SPCX) dropped as low as $113 per share on July 27; after a brief spike in early August, the stock retested those lows the following session.

While shares closed trading Monday, Sept. 28, down 2.16% to $145.47 per share, and down more than 5% over the past five sessions, the stock is still positive in September.

So if you waited to buy in after the initial offering buzz abated, as many prudent investors did, and bought in near the bottom, your SpaceX position is doing pretty well.

Late July SpaceX investors timed it perfectly

Analysts at Finbold engaged in a recent thought experiment: what is the position of an investor who bought into SpaceX at its bottom on July 27?

According to them, an investor who put $1,000 into SpaceX stock on July 27, when shares were trading at about $113, would now be holding a position worth about $1,310 based on its Friday closing price of $148.68.

SpaceX:

Morgan Stanley doubles down on SpaceX stock for investors

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JPMorgan resets SpaceX price target after earnings

SpaceX raised about $75 billion with its IPO, so clearly there was plenty of retail and institutional interest in the stock. But prudent investors waited, and those who exercised a bit of patience were rewarded.

SpaceX has a unique lockup period for insiders that bars them from selling stock in phased tranches. Sept. 24 was the most recent tranche; the next comes Oct. 9, and the one after that comes Oct. 24.

Robert Michaud / Getty Images

Deutsche Bank maintains buy rating

Deutsche Bank analysts expect SpaceX to achieve more than 2.3 GW of compute by the end of November and reach more than 2.7 GW early next year.

That should be more than enough compute capacity for its cloud hosting deals and its growing inference needs for Cursor and Grok Bot, and Grok training.

DB analysts estimate that the five customers SpaceX already has signed to Neocloud deals are worth $54.5 billion on an annualized revenue run-rate basis. While the company hasn’t revealed exactly how much compute it has to allocate to those contracts, DB estimates that the total is between 1.2 and 1.4 GW, implying $40 billion to $45 billion per GW pricing.

Related: OpenAI makes development moves to counter SpaceX and Meta

“Looking forward, with more capacity coming online, we expect at least a few more large deals to materialize given industry constraints. Perhaps worth mentioning, with the rise of agentic AI offerings, we think this will only further increase compute demand,” analyst Edison Yu wrote in a note viewed by TheStreet.

DB has a $235 price target that represents a potential 38% upside from the stock’s closing price Monday.

CEO Elon Musk hints at possible merger

SpaceX CEO Elon Musk spoke at the All-In Summit in Los Angeles on Sept. 14 and was asked why Tesla and SpaceX had not merged yet.

His answer suggests that the tie-up is only a matter of time.

“With all this collaboration, on so many levels, who can imagine what action one might take when there’s so much close collaboration in so many areas,” according to Yahoo Finance.

“Obviously, you know, we can’t talk about combining companies on an earnings call. It’s got to be done with the appropriate process,” he said.

A merger with Tesla, another trillion-dollar company, would obviously give SpaceX’s stock much more upside.

Related: SpaceX reaches orbit as Elon Musk sets bigger Starship goal

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Why we love this deal

As autumn days grow shorter, nighttime arrives sooner, and your outdoor space can become a dark and dangerous tripping hazard. In the summertime, the sun is out well past dinnertime, so outdoor lighting isn’t as big of a priority. When the dim sidewalks and shadowy driveways become harder to navigate earlier in the day, lighting your home’s exterior becomes more important. If you need to brighten up the sidewalks leading to the front porch, or elsewhere around the yard, there’s nothing more convenient than solar-powered lighting.

Solar lighting requires no electricity, so setup is simple, and it won’t increase your electric bill. It’s also quite affordable. The Skemo 12-Pack of Solar Pathway Lights is a bestseller at Walmart, and with a limited-time deal, you can get brown lantern-style stake lights for just $27, which is around $2 per light. The lights will power up after a day in the sunlight and automatically turn on at dusk, so you can just sit back and enjoy their romantic glow.

Skemo 12-Pack of Solar Pathway Lights, $27 (was $30) at Walmart

Courtesy of Walamrt

Shop at Walmart

Why do shoppers love it?

Featuring a classic lantern-shaped design, these pathway lights can illuminate the walkways, flower beds, or gardens in style. Each light measures 14.6 inches long, so when staked securely into the ground, they’ll stand about one foot tall, giving you improved visibility in the yard at night. The lights come equipped with 3,000-kelvin LED bulbs that are plenty bright, but the warm white light also provides a touch of coziness for an elevated ambiance. 

“I’ve had other solar lights, and these blow them out of the water,” one shopper raved. The shopper continued to praise the design, “The classy shape of the square light is beautiful, and it gives off a warm, bright light.”

Related: Amazon is selling a 3-piece 4-seater wicker sectional patio set for $279

The solar panel is built into the top of each light, so as long as they get adequate sunshine during the day, they can stay powered up for 8 to 12 hours. Rainy days are no problem for these stake lights, because the IP65 water-resistance protection means they’re protected from splashes and sprays coming from any direction. For even more convenience, the lights are made with durable ABS, a thermoplastic polymer, so they’re better protected against accidental kicks or hits from the weed eater. 

Details to know 

Lighting style: Pathway ground-stake light.

Bulb type: LED.

Power source: Solar.

These solar-powered pathway lights will automatically charge when exposed to sunlight, taking just 6 to 8 hours to fully charge. After charging throughout the day, they will provide 8 to 12 hours of illumination, automatically turning on when the sun goes down.

Shop more deals

Daybetter 6-Pack of Outdoor Solar Spotlights, $45 (was $76) at Walmart

Volivo 12-Pack of Solar Ground Lights, $24 (was $40) at Walmart

ExcMark 10-Pack of Solar Pathway Lights, $39 (was $60) at Walmart

At just $27, the Skemo 12-Pack of Solar Pathway Lights is a great way to illuminate your outdoor space. Since solar-powered lights require no electricity, they won’t increase your utility bill when powered up each night.

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Shoppers may want to check their refrigerators and freezers after more than 167,000 pounds of raw meat products were recalled nationwide.

Star Meat Delivery Inc. is recalling approximately 167,639 pounds of raw pork, beef, and goat products that were produced without federal inspection.

They also carry labels with a false U.S. Department of Agriculture inspection mark, according to the USDA’s Food Safety and Inspection Service.

Federal officials said any product bearing the false establishment number “EST. 1363” should be considered misbranded and unsafe to eat.

FSIS classified the recall as Class I, its highest-risk category, meaning there is a reasonable probability that eating the product could cause serious adverse health consequences.

The recalled meat was shipped to A&D Foods, a distributor in Georgia, before being further distributed to retail and restaurant locations nationwide.

No confirmed illnesses or injuries had been reported when the recall was announced.

Raw beef, pork, and goat products have been recalled.Kilito Chan / Getty Images

Shoppers should check recalled meat products

The recalled raw pork, beef, and goat products were produced on various dates before Sept. 22.

The products were distributed in bulk under the A&D Foods label and include goat cuts, ribeye, beef chuck, oxtail, short ribs, ground pork, pork chorizo, pork chops, pork feet, pork ribs, and other meat products.

More Recalls:

Popular Walmart frozen meal recalled over possible listeria

Grocery giant recalls applesauce over potentially harmful toxin

Walmart, Harris Teeter recall fruit bars over glass risk

The meat was vacuum-sealed and packed into cardboard boxes for shipment.

However, individual packages bought by consumers may not show the original A&D Foods packaging because retailers may have added their own pricing and safe-handling labels, according to FSIS.

That could make the false establishment number “EST. 1363” particularly important for consumers trying to identify recalled products.

Look at the complete list here.

Why was the meat recalled?

The products were recalled because they were produced without federal inspection.

USDA inspection is required for raw meat sold in interstate commerce and is designed to verify that products meet federal safety, wholesomeness, and labeling requirements.

FSIS said food produced without inspection may contain undeclared allergens, harmful bacteria, or other contaminants that could put consumers at risk.

Consumers are advised not to eat the recalled products.

FSIS is urging shoppers to throw the meat away or return it to the place of purchase. Restaurants and retailers should also stop selling or serving affected products.

Federal officials said they are concerned some of the recalled meat may still be in consumers’ refrigerators or freezers, as well as at restaurants and retailers.

Related: Walmart, Aldi, and Kroger follow Costco’s lead

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