Key Points To Watch Out For:

• Tesla shares fall on tension between Trump and Elon Musk
• Robinhood and AppLovin fall out of the S&P 500
• MP Materials rises 2% on optimistic China talks

Tesla (TSLA): Pressure Due to Dispute Between Musk and Trump

Tesla shares are down in pre-market trading as the market remains focused on new developments in the public feud between Elon Musk and President Trump. The dispute, which has intensified in recent days, has caused volatility in the stock, with sharp declines on Thursday and a slight rebound on Friday. Investors fear potential spillover effects on Musk’s relationship with government agencies and federal contracts.

Intuitive Machines, AST SpaceMobile (ASTS), Rocket Lab (RKLB): Rise Due to Space Tensions

The Musk-Trump conflict has also driven other stocks in the space sector. Shares of Intuitive Machines, AST SpaceMobile, and Rocket Lab are up in pre-market trading, benefiting from fears of a potential impact on SpaceX and its missions with NASA. Although Musk withdrew his threat to halt operations, the uncertainties have led to a rotation toward alternative technologies in the aerospace industry. In a related development, United Airlines disabled Starlink internet connectivity on its flights, citing technical issues.

Robinhood (HOOD) and AppLovin (APP): Hit by Exclusion from the S&P 500

Robinhood and AppLovin were seen as likely entrants into the S&P 500 in the quarterly rebalancing, but the index made no membership changes. Shares of both companies are down more than 5% in pre-market trading, reflecting the market’s disappointment. This exclusion could limit the technical demand that typically follows index inclusions by passive and institutional funds in the short term.

MP Materials (MP): Rebound on Optimism in Negotiations with China

U.S. rare earth producer MP Materials is up 2% before the open as the U.S. seeks to ease Chinese export restrictions on strategic minerals. The resumption of trade negotiations is fueling expectations of a more supportive environment for the supply of critical metals, which are key to industries such as defense, batteries, and green technology.

AlphaWave IP (UK:AWE): Qualcomm (QCOM) Pushes Ahead with Acquisition

British semiconductor company AlphaWave surged in London after it was announced that Qualcomm has agreed to purchase it for approximately $2.4 billion. The deal aims to strengthen Qualcomm’s portfolio in high-performance chip design at a time when artificial intelligence applications demand greater processing power.

EchoStar (SATS): Plummets Amid Bankruptcy Risk

EchoStar faces a sharp 11% drop in pre-market trading after it was disclosed that the company is exploring bankruptcy protection. The satellite and mobile connectivity company is facing regulatory concerns related to spectrum licenses, which have weakened its financial position. This uncertainty is putting downward pressure on the stock and could complicate its operations in the short term.