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SpaceX shares decline for first time since blockbuster debut

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SpaceX shares decline for first time since blockbuster debut
New York: SpaceX shares fell for the first time since their record-setting IPO on Wednesday, snapping a three-day rally that had briefly made Elon Musk’s rocket and AI company more valuable than Amazon.com Inc.

The stock dropped as much as 7.3%, after rising as much as 6% earlier in the session. Even so, shares remained nearly 50% above their $135 IPO price. The decline threatened to push SpaceX back below Amazon in the rankings of the world’s most valuable companies.

“Long story short, I think this is just noise so far,” said Michael Monaghan, partner and portfolio manager at Founder Funds, which owns SpaceX shares. “If it really got hit more, we’d probably add.”

Analysts attributed the sharp swings partly to SpaceX’s limited free float, with only about 4.2% of shares available for trading at the IPO. The expiry of insider lockups in the coming months could add downward pressure as more shares enter the market.

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“Perhaps we’re seeing a rotation from one Elon-linked trade into another, with SpaceX increasingly viewed as the cleaner AI and tech exposure,” Vanda said in a note.


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Ford Launches Daily Engine Teardown Programs at All Plants to Improve Quality and Reduce Recalls

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DEARBORN, Mich. — Ford Motor Company has implemented daily engine teardown programs at every manufacturing plant as part of a broader effort to strengthen quality control and address persistent recall issues that have plagued the automaker in recent years.

The initiative replaces a previous 90-day teardown schedule and aims to identify potential problems earlier in the production process. Neil Wilson, manager of the Ford Essex engine plant responsible for the 5.0L V8 Coyote and 6.8L and 7.3L V8 engines, described the change during a discussion with Road & Track. According to Wilson, the daily practice, which began after Valencia Assembly plant unofficially adopted it with positive results, has already contributed to declining warranty claims and fewer recalls.

Ford has faced criticism for issuing the most recalls of any automaker in the United States for about six years. The company acknowledges that lax quality standards on older vehicles contributed to these issues but maintains that newer models benefit from increased scrutiny across all aspects of production. The daily teardowns represent a proactive step to catch defects before vehicles reach customers.

The program involves selecting an engine from the assembly line each day for complete disassembly and analysis. This allows engineers to examine components for wear, manufacturing inconsistencies or design flaws that might not appear in simulated testing. Ford is also using artificial intelligence to determine which specific engine should be pulled for teardown, optimizing the process for maximum insight.

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This approach follows statements from Ford COO Kumar Galhotra about changes to the company’s testing regime. The automaker now tests engines until failure rather than stopping at predetermined mileage intervals, a shift credited with improving quality on late-model vehicles.

Addressing Long-Standing Quality Challenges

Ford’s quality issues have been well-documented, with multiple high-profile recalls affecting millions of vehicles. The company has worked to improve supplier standards, barring companies with poor quality records from future contracts. The daily teardown program extends this focus to internal processes, aiming to prevent problems from reaching the market.

The Essex engine plant serves as a key example. As the facility responsible for several high-volume V8 engines used across Ford’s lineup, its adoption of daily teardowns sets a standard for other plants. Wilson noted that the previous quarterly schedule sometimes delayed identification of emerging issues, whereas daily analysis provides more timely feedback for production adjustments.

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The initiative comes as Ford navigates a competitive automotive landscape increasingly focused on reliability and customer satisfaction. Electric vehicle transitions, supply chain pressures and evolving consumer expectations have heightened the importance of robust quality assurance. By catching issues early, Ford hopes to reduce warranty costs, protect its brand reputation and build long-term customer loyalty.

Broader Industry Context

Ford’s move reflects wider trends in automotive manufacturing where real-time quality monitoring is gaining prominence. Many manufacturers are investing in advanced analytics and predictive maintenance to minimize defects. The use of AI in selecting engines for teardown at Ford demonstrates how data-driven approaches can enhance traditional quality control methods.

The auto industry has faced increased scrutiny over recall management in recent years. Regulators and consumers demand greater transparency and faster responses to safety concerns. Ford’s daily teardown program, combined with stricter supplier standards, signals a commitment to addressing these expectations proactively.

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Other automakers have implemented similar rigorous testing protocols, particularly as vehicles incorporate more complex electronics and software. The shift from periodic to continuous monitoring helps manufacturers adapt to faster production cycles and more stringent safety requirements.

Impact on Production and Workforce

Implementing daily teardowns requires additional resources and trained personnel to conduct thorough analyses without disrupting overall output. Ford has restructured teams to accommodate the new process, emphasizing efficiency gains that offset the added workload. The company maintains that these changes support long-term profitability goals by reducing post-sale costs associated with recalls and warranty claims.

The Essex plant’s success with the program has encouraged its expansion across Ford’s global manufacturing network. This standardization aims to ensure consistent quality regardless of production location, addressing previous variations that sometimes led to regional issues.

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Financial and Strategic Implications

Ford has accumulated significant losses in recent years while investing in electric vehicles and autonomous technology. Reaching profitability targets depends on controlling costs and improving product reliability. The daily teardown initiative aligns with these goals by minimizing expensive recalls and enhancing customer satisfaction, which can drive repeat business and brand loyalty.

Analysts view the program as a positive step toward operational excellence. By identifying and resolving issues before vehicles leave the factory, Ford can reduce financial exposure and strengthen its competitive position against rivals with stronger quality reputations.

The automaker’s focus on supplier quality further supports this strategy. Preventing companies with poor records from bidding on contracts helps maintain higher standards throughout the supply chain, reducing the risk of component-related defects.

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Consumer Perspective and Future Outlook

For consumers, Ford’s quality initiatives could translate to greater confidence in vehicle reliability and fewer unexpected repair costs. The company has acknowledged past shortcomings and is working to rebuild trust through transparent communication and tangible improvements.

As the automotive industry continues evolving toward electrification and advanced driver assistance systems, rigorous quality control becomes increasingly important. Ford’s daily engine teardown program positions the company to meet these demands while addressing historical challenges.

The initiative is part of a broader transformation at Ford aimed at sustainable profitability and innovation leadership. By combining traditional manufacturing expertise with data analytics and AI, the automaker seeks to create vehicles that meet modern consumer expectations for safety, performance and dependability.

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Ford’s progress will be closely watched by industry observers and investors. Successful implementation of the daily teardown program, along with other quality enhancements, could mark a turning point in the company’s reputation and financial performance.

As 2026 advances, Ford’s commitment to these measures reflects recognition that quality remains fundamental to long-term success in the competitive automotive market. The daily engine teardowns represent a practical step toward preventing issues rather than managing them after they occur, potentially setting a new standard for manufacturing excellence.

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Apple: Surprisingly Resilient, Frustratingly Expensive

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Apple: Surprisingly Resilient, Frustratingly Expensive

Apple: Surprisingly Resilient, Frustratingly Expensive

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Exclusive-Thailand revives $30 billion coast-to-coast corridor to rival Malacca Strait

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Exclusive-Thailand revives $30 billion coast-to-coast corridor to rival Malacca Strait


Exclusive-Thailand revives $30 billion coast-to-coast corridor to rival Malacca Strait

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Ryanair reaches 30 million passenger milestone at Bristol Airport

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The budget carrier launched its first flights from the South West city in 1998

A Ryanair passenger plane

A Ryanair passenger plane(Image: Peter Byrne/PA Wire)

Budget carrier Ryanair says it has reached a “significant milestone” after carrying more than 30 million passengers through Bristol Airport.

The airline launched its first flights from the city in 1998, later opening a base at the South West transport hub.

Ryanair now has five B737 aircraft based at Bristol, which it says represents a $500m investment and supports more than 1,400 local jobs.

This summer, Ryanair is operating its biggest ever schedule from Bristol, with more than 330 weekly flights across 36 routes, including a new route to Bari in Italy.

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It also flies to other sun hotspots from Bristol Airport including Malaga, Tenerife and Venice, as well as cities such as Budapest, Krakow and Madrid.

Jade Kirwan of Ryanair said: “This significant milestone showcases Ryanair’s continued investment and growth in the region – including our 5 aircraft base – delivering important low-fare connectivity, traffic, tourism, jobs, and economic growth.”

Bristol Airport’s chief executive, Dave Lees, who announced in April that he was stepping down, said: “30 million Ryanair passengers travelling through Bristol Airport is a brilliant milestone and testament to our long-standing partnership of more than 25 years, offering routes that people in the South West and Wales enjoy travelling too as well connecting many families and friends in Ireland, with relatives in the region.”

Last month, Ryanair said it was better placed to ride out the looming jet fuel crisis than its European rivals.

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The Dublin-based company revealed that 80 per cent of its jet fuel requirements for the year ahead are locked in at $67 per barrel, while current market prices continue to fluctuate – often above the $100 mark.

The blockage of the Strait of Hormuz amid the Iran conflict has pushed global jet fuel shipments to their lowest level on record, potentially forcing the cancellation of thousands of summer flights.

But Ryanair has maintained that Europe “remains well supplied” via routes through West Africa, the Americas and Norway. Despite this boss Michael O’Leary has admitted the situation has “created economic uncertainty”.

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Moscow, Kyiv exchange attacks as Ukraine’s Zelenskiy speaks to Trump, Europe

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Moscow, Kyiv exchange attacks as Ukraine’s Zelenskiy speaks to Trump, Europe


Moscow, Kyiv exchange attacks as Ukraine’s Zelenskiy speaks to Trump, Europe

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'Regime Change; At The Fed: Fed Chair Warsh Makes The First Moves

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'Regime Change; At The Fed: Fed Chair Warsh Makes The First Moves

'Regime Change; At The Fed: Fed Chair Warsh Makes The First Moves

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Japan’s Obayashi to acquire Multiplex from Brookfield for $526 mln

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Japan’s Obayashi to acquire Multiplex from Brookfield for $526 mln

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Wall Street sinks on bets Fed will hike rates in 2026

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Wall Street sinks on bets Fed will hike rates in 2026

The S&P 500 and Nasdaq closed down ‌by more than 1.0 per cent on Wednesday, as traders bet the Federal Reserve’s next move would be a rate hike.

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Hawkish Shift Opens The Door To Fed Rate Hikes

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Nearly All Monetary Rules Say The Fed Should Raise Rates

Hawkish Shift Opens The Door To Fed Rate Hikes

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Vodafone outage chaos before network back online

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Vodafone mobile outage hits Australian users

Millions of Vodafone customers have faced chaos after the mobile network crashed nationwide, with services only slowly returning with intermittent faults.

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