Industrials News

The latest industrials stories, each synthesized from multiple sources with added background and context.

SpaceX unveils $100B Louisiana launch hub to power Starship push

SpaceX plans a $100 billion launch site on the Gulf Coast near Pecan Island, Louisiana, spanning about 125,000 acres with five launch complexes and two pads each to accelerate Starship flights and enable orbital data centers and lunar/Mars missions. Construction could start next year with the first rockets from the base targeted for 2029, backed by a competitive state incentives package and Governor Jeff Landry’s backing. The project expands SpaceX’s footprint beyond Texas and aligns with Elon Musk’s broader ambitions, though it faces environmental concerns and some local opposition.

1 month ago•Source: Financial Times

Caterpillar posts record quarterly revenue as backlog swells

industrials

19.14 min•2 months ago

Caterpillar posts record quarterly revenue as backlog swells

Caterpillar posted a record-run Q2 revenue of $20.5 billion, up 24% year over year, with backlog climbing to $72.1 billion (up 92% YoY) and a margin of 20.9% versus 17.3% a year ago; strong orders across all three segments and AI-related data-center infrastructure demand helped drive the gains, and the stock jumped about 10% intraday, aiding the Dow.

via Yahoo Finance

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SpaceX unveils $100B Louisiana launch hub to power Starship push

Caterpillar posts record quarterly revenue as backlog swells

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